The seven regular tournaments on the tour were contested over 54 holes of stroke play with 144 competitors, a cut line of 55 plus ties, and a minimum prize fund of US$100,000.
The winner and the two leaders in the overall series points standings were awarded sponsor exemptions into one tournament on the 2020–21 PGA Tour.
Bryson Nimmer finished top of the LocaliQ Series points standings after winning both of the first two tournaments and finishing as runner-up in the fourth; his prize was an invite to initially the RBC Canadian Open, but that was eliminated because of border restrictions; he was allowed entry into the Palmetto Championship, the one-off replacement event that replaced the RBC Canadian Open.
As a result, Carson Young, who finished third in the standings, received the third PGA Tour invite, to the 2021 Puerto Rico Open.
[9][10] The Order of Merit was titled as the Race to The Bahamas and was based on tournament results during the season, calculated using a points-based system.