The Masters Tournament at Augusta National is not only a coveted title in professional golf but also a lucrative event, offering substantial prize money to its participants. In 2024, the Masters reached new financial heights, setting a record for the total purse and the winner’s share, further cementing its status as one of the most prestigious and rewarding tournaments in the world.
The total purse for the 2024 Masters Tournament soared to an unprecedented $20 million, marking a $2 million increase from the previous year. This significant boost reflects the growing financial landscape of professional golf and the immense prestige associated with winning the Masters Green Jacket. Scottie Scheffler, the American golf sensation, emerged victorious, claiming his second Masters title and a record-setting winner’s prize money of $3.6 million. This substantial payout was $360,000 more than what the 2023 champion received, highlighting the continuous upward trajectory of Masters Winner Prize Money.
In 2023, John Rahm secured the Masters title and took home a handsome $3.24 million from a total purse of $18 million. The financial rewards extend beyond the winner, with the top 50 professional golfers at the Masters splitting the remaining portion of the $20 million purse in 2024. Notably, the two runners-up in the 2024 tournament each pocketed $2.16 million, and a total of three golfers earned over a million dollars, underscoring the significant financial stakes at the top of the leaderboard.
The tradition of announcing the Masters purse during the tournament itself continued in 2024, adding an element of anticipation and excitement. The detailed breakdown of the 2024 Masters prize money reveals the depth of financial rewards: the top 50 finishers received payouts ranging from Scheffler’s $3.6 million down to $50,400. Professionals finishing outside the top 50 also received compensation based on their scores, starting from $49,200 downwards. It’s important to note that amateur players, while competing for the honor of the Green Jacket, do not receive any prize money.
Looking back at the historical context, the inaugural Masters in 1934 presented a stark contrast to today’s figures. The total purse was a modest $5,000, with the winner’s share being $1,500. This comparison vividly illustrates the exponential growth of prize money in professional golf and the Masters Tournament over the decades.
Here’s a summary of the top payouts for the 2024 Masters:
- Purse: $20 million
- Winner (1st): $3.6 million
- Second Place: $2.16 million
- Third Place: $1.36 million
- Fourth Place: $960,000
- Fifth Place: $800,000
- Sixth Place: $720,000
- Seventh Place: $670,000
- Eighth Place: $620,000
- Ninth Place: $580,000
- Tenth Place: $540,000
The Masters Tournament continues to be a pinnacle of golfing excellence, and the record masters winner prize money in 2024 reflects its elevated status and financial significance in the world of sports.
