The 2024 Masters Tournament concluded with Scottie Scheffler claiming his second Green Jacket at Augusta National. His impressive performance earned him not only the coveted jacket and Masters Trophy but also a substantial winner’s check of $3.6 million. While the prestige of winning a major championship like the Masters is immeasurable, the significant prize money is undoubtedly a welcome bonus for the players.
So, how much exactly is the Prize Money For The Masters? And how does it stack up against other prominent golf events? Let’s delve into the details of the Masters purse and its position in the landscape of professional golf payouts.
The Growing Masters Purse
Augusta National announced the total purse for the 2024 Masters to be a record $20 million, marking a $2 million increase from the previous year and a significant $5 million jump from 2022. This considerable increase underscores the Masters’ commitment to rewarding top-tier golf performance. Scottie Scheffler’s winner’s share of $3.6 million was directly drawn from this substantial prize pool, while Ludvig Aberg, the second-place finisher, secured a noteworthy $2.16 million.
Scottie Scheffler celebrates his Masters victory and significant prize money earnings.
Masters Prize Money in Comparison to Other Elite Golf Events
Major championships and the Players Championship have historically been the most financially rewarding tournaments in golf. The emergence of LIV Golf and the competitive landscape it has created has further driven up prize money across professional golf. The Players Championship, held in March, boasted an even larger purse of $25 million. Similarly, PGA Tour Signature Events now also offer $20 million purses, matching the Masters in overall payout. LIV Golf events feature weekly purses of $25 million, with $20 million allocated to the individual portion of the competition.
Looking ahead to the remaining major championships of the year, official purse information is still pending. However, examining last year’s figures provides some perspective. In 2023, the U.S. Open offered a $20 million purse, the PGA Championship had a $17.5 million purse, and The Open Championship presented a $16.5 million purse. This comparison highlights that the Masters prize money is at the very top tier of golf tournaments, rivaling the richest events in the sport.
Breakdown of Masters Payouts for Top Finishers
With a $20 million purse at stake, the 2024 Masters ensured substantial earnings for all players who made the cut. Beyond Scottie Scheffler and Ludvig Aberg, the payouts extended deep into the field. Here’s a glimpse at how the prize money was distributed among the top finishers:
- 1st: Scottie Scheffler, $3.6 million
- 2nd: Ludvig Aberg, $2.16 million
- T3: Collin Morikawa, $1,040,000
- T3: Tommy Fleetwood, $1,040,000
- T3: Max Homa, $1,040,000
- T6: Cameron Smith, $695,000
- T6: Bryson DeChambeau, $695,000
- 8th: Xander Schauffele, $620,000
- T9: Will Zalatoris, $540,000
- T9: Tyrrell Hatton, $540,000
- T9: Cameron Young, $540,000
- T12: Patrick Reed, $405,000
- T12: Matthieu Pavon, $405,000
- T12: Adam Schenk, $405,000
- T12: Cameron Davis, $405,000
- T16: Sepp Straka, $310,000
- T16: Chris Kirk, $310,000
- T16: Byeong Hun An, $310,000
- T16: Nicolai Hojgaard, $310,000
- T20: Taylor Moore, $250,000
- T20: Lucas Glover, $250,000
- T22: Keegan Bradley, $175,500
- T22: Min Woo Lee, $175,500
- T22: Harris English, $175,500
- T22: Adam Scott, $175,500
- T22: Joaquin Niemann, $175,500
- T22: Rory McIlroy, $175,500
- T22: Matt Fitzpatrick, $175,500
- T22: Patrick Cantlay, $175,500
- T30: Tom Kim, $124,200
- T30: Jason Day, $124,200
- T30: Si Woo Kim, $124,200
- T30: J.T. Poston, $124,200
- T30: Rickie Fowler, $124,200
- T35: Kurt Kitayama, $103,000
- T35: Camilo Villegas, $103,000
- T35: Akshay Bhatia, $103,000
- T38: Russell Henley, $86,000
- T38: Corey Conners, $86,000
- T38: Luke List, $86,000
- T38: Hideki Matsuyama, $86,000
- T38: Ryan Fox, $86,000
- T43: Phil Mickelson, $72,000
- T43: Shane Lowry, $72,000
- T45: Denny McCarthy, $57,200
- T45: Jose Maria Olazabal, $57,200
- T45: Sahith Theegala, $57,200
- T45: Brooks Koepka, $57,200
- T45: Jon Rahm, $57,200
- T45: Danny Willett, $57,200
- 51st: Grayson Murray, $49,200
- 52nd: Eric Cole, $48,000
- T53rd: Adam Hadwin, $46,800
- T53rd: Neal Shipley (a), $0
- T55th: Jake Knapp, $44,400
- T55th: Erik van Rooyen, $44,400
- T55th: Tony Finau, $44,400
- T58th: Vijay Singh, $41,400
- T58th: Thorbjorn Olesen, $41,400
- 60th: Tiger Woods, $39,600
- MC: $10,000
Conclusion: The Masters – A Tournament of Prestige and High Stakes
The Masters Tournament stands as one of the most prestigious and lucrative events in professional golf. The substantial prize money for the Masters, reaching $20 million in 2024, reflects its significance in the sport. While the Green Jacket and Masters Trophy represent the ultimate accolades, the significant financial rewards further elevate the stakes and underscore the Masters’ position as a pinnacle of golfing achievement. For players competing at Augusta National, the prize money for the Masters is a compelling testament to their skill and success on one of golf’s grandest stages.
