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It says something about what it means to compete in the Masters that players aren’t thinking twice about the fact they have no idea what the prize money payouts will be this week at Augusta National before teeing off in the opening round. Club officials won’t officially announce the 2024 purse until after a cut is made in the tournament. Mind you, the chance to win a green jacket, a spot in the Champions Locker Room and a lifetime exemption into the major are enough reward to make it worth everybody’s while to play.
That said, there is a little uncertainty as to what the prize money payout will be when it is formally announced. A year ago, Masters officials increased the overall purse to $18 million, a $3 million jump from 2022 and $6 million more than in 2021. But that overall number still lags behind the $20 million purses offered in the PGA Tour’s new signature events as well as the $20 million paydays being played for individually on the LIV Golf circuit.
Currently, the top paying men’s major championship is the U.S. Open, with the USGA also paying $20 million in prize money during last year’s championship at LACC. The PGA Championship bumped up its purse last year at Oak Hill to $17.5 million and the Open Championship paid $16.5 million at Royal Liverpool in 2023. All the majors are currently dwarfed by the Players Championship, which paid out $25 million in March with winner Scottie Scheffler earning $4.5 million.
Below is that payouts from the 2023 Masters. We’ll update this post when the 2024 Masters prize money payouts are official.
Win: $3,240,000
2: $1,944,000
3: $1,224,000
4: $864,000
5: $720,000
6: $648,000
7: $558,000
8: $558,000
9: $522,000
10: $486,000
11: $450,000
12: $414,000
13: $378,000
14: $342,000
15: $324,000
16: $306,000
17: $288,000
18: $270,000
19: $252,000
20: $234,000
21: $216,000
22: $201,600
23: $187,200
24: $172,800
25: $158,400
26: $144,000
27: $138,600
28: $133,200
29: $127,800
30: $122,400
31: $117,000
32: $111,600
33: $106,200
34: $101,700
35: $97,200
36: $92,700
37: $88,200
38: $84,600
39: $81,000
40: $77,400
41: $73,800
42: $70,200
43: $66,600
44: $63,000
45: $59,400
46: $55,800
47: $52,200
48: $49,320
49: $46,800
50: $45,000
Image: Adam Glanzman
