Although the PGA Tour has not yet confirmed the official results for its second year of the PIP, McIlroy gave the game away to AP's Doug Ferguson earlier when confirming he finished second behind Woods.
The PGA Tour is likely to reveal the full official PIP payouts in two weeks' time.
Woods, a winner of 15 career majors and a joint record 82 victories on the PGA Tour, was only able to play nine competitive rounds in 2022 as a result of recovering from leg injuries sustained in his horror car crash of February 2021.
That was Woods' last appearance on Tour, and potentially his last ever at the famous Old Course at St Andrews, the scene of two of his three Open victories in 2000 and 2005.
It is understood that Woods, who was today seen caddying for his son Charlie Woods in a junior tournament, will take up one of the three remaining spots in his annual Hero World Challenge in early December.
It will be Tiger's third appearance in The Match, having previously lost to Phil Mickelson at the inaugural event in 2018.
He also teamed up with NFL legend Peyton Manning in 2020 and beat the pairing of Mickelson and Tom Brady.
There is also hope that Woods will then compete with his young cub Charlie in the annual PNC Championship where they finished second behind Team Daly in 2021.
Related: Here's all you need to know about The Match - Tiger Woods & Rory McIlroy vs Jordan Spieth & Justin Thomas
Despite losing out to Woods in the PIP race this year, McIlroy earns a nice $12 million bonus for coming second.
The prize money for the PIP this year was expanded by the PGA Tour in a bid to keep hold of its global stars and stop them from defecting to LIV Golf.
McIlroy told AP's Ferguson that he finished in the Top 10 in all but one category for the PIP.
Two lists came into play on PIP in 2022.
The first was last year's system, which included the following metrics:
- Social Media Engagement
- Brand Exposure
- Q Rating
- Internet Searches
- Awareness among US population
The second part of it then includes a new criteria that leans more on media mentions and broadcast exposure.
For 2022, the PGA Tour expanded its Player Impact Program to the Top 20 players instead of the Top 10.
It is understood that 23 players are expected to receive bonus money from the expanded $100 million total PIP purse.
McIlroy may have failed to get back on the major victory ladder in 2022, but he did land a record third FedEx Cup.
That came with a $18 million first prize.
In total, McIlroy's total earnings (including his latest PIP bonus) for the year amount to just over $40 million.
Okay, DJ did pick up a huge pay packet of some $150 million just for signing up to Greg Norman's new Tour!
Woods defeated Mickelson to the PIP first prize in 2021.
That earned him a cool $8 million bonus.
Although Mickelson, who is now on LIV Golf, tweeted his followers to say he won it.
Woods therefore took great pleasure in letting Lefty know that was not the case.
Here's a look at the Top 10 in 2021:
PGA TOUR PLAYER IMPACT PROGRAM 2021 - TOP 10
1. Tiger Woods ($8 million)
2. Phil Mickelson ($6 million)
3. Rory McIlroy ($3.5 million)
4. Jordan Spieth ($3.5 million)
5. Bryson DeChambeau ($3.5 million)
6. Justin Thomas ($3.5 million)
7. Dustin Johnson ($3 million)
8. Brooks Koepka ($3 million)
9. Jon Rahm ($3 million)
10. Bubba Watson ($3 million)
As you can see from the above list, five of last year's Top 10 in the PGA Tour's PIP now play on the LIV Golf Tour (Mickelson, Johnson, DeChambeau, Koepka and Watson).
With the PGA Tour having suspended all members who have played in LIV Golf tournaments, those five players will not be featured in the 2022 list when the results are revealed before the end of November.
Looking ahead to 2023 and the PGA Tour has confirmed the Top 20 players will receive their PIP bonus once they have competed in the 13 Elevated Events for which they are eligible, and three non-Elevated tournaments.
There will be an exception for Woods, according to AP's Ferguson: