Developed by Hitmen Productions and published by Electronic Arts in 1994 exclusively for the Genesis, the game features 11 professional golfers as playable or as CPU opponents: Brad Faxon, Jim Gallagher, Jr., Lee Janzen, Tom Kite, Bruce Lietzke, Davis Love III, Mark O’Meara, Jeff Sluman, Craig Stadler, and Fuzzy Zoeller. The featured courses are TPC at River Highlands, TPC at The Woodlands, TPC at Avenel, TPC at Summerlin, TPC at Sawgrass, TPC at Las Colinas, TPC at Southwind, and TPC of Scottsdale.
GamePro's review stated that "Beautifully polished graphics and game-play refinements enhance the already-awesome action that has put PGA Tour at the top of the leaderboard." They particularly praised the detailed digitized backgrounds and the new Ball Lie window, saying it adds a new layer of complexity to lining up shots. A reviewer for Next Generation lauded the game's realistic digitization of the players and backgrounds, selection of courses, new features, and addition of an arc meter to help control backspin. He summarized that "Other Genesis golf games have looked better (like the first Genesis golf game, Arnold Palmer Golf), but none maintain the depth of play or the true PGA experience like PGA III has captured." He gave it four out of five stars.