The Masters payout distribution 2024: Prize money, purse
Full breakdown of The Masters purse in 2024 with payouts and prize money by finishing position.
Winning The Masters is truly a historic achievement. Obviously, one goes down as a major champion and gets the Green Jacket that comes with it. And Masters winners, even if they are deemed a fluke thereafter or in the annuls of history, can't have that taken away from them. Even with all of that, though, we can't forget about the prize money on the line from The Masters purse.
Augusta National Golf Club, led by chairman Fred Ridley, sets The Masters purse every year during the tournament. Over the past couple of years, it has increased dramatically overall and with the winner's share going up substantially as well. And that was no different for the 2024 tournament either.
So what does The Masters purse look like in 2024? We're breaking it all down, including full payouts and prize money for every finishing position this week at Augusta National.
The Masters purse 2024: Winner's prize money, total purse
The winner of The Masters 2024 will receive a record-setting $3.6 million along with the coveted Green Jacket this week. That is the most prize money ever for the winner at Augusta National and $360,000 more than we saw handed out to the champion, Jon Rahm, in 2023. The purse is also at a record-high with a total of $20 million being handed out among the 60 players to make the cut at the first major championship of the year.
The Masters payout distribution by finishing position in 2024
Here's a full breakdown of The Masters payout from the $20 million purse for the Top 50 finishers. Professionals who finish between No. 51-60 will receive $49,200 and decreasing amounts based on scores. Neal Shipley, the low amateur, is the only player in that range who won't receive that payout. Now, onto the prize money breakdown.
Finishing Position | The Masters Prize Money |
|---|---|
Winner | $3.6 million |
2nd | $2.16 million |
3rd | $1.36 million |
4th | $960,000 |
5th | $800,000 |
6th | $720,000 |
7th | $670,000 |
8th | $620,000 |
9th | $580,000 |
10th | $540,000 |
11th | $500,000 |
12th | $460,000 |
13th | $420,000 |
14th | $380,000 |
15th | $360,000 |
16th | $340,000 |
17th | $320,000 |
18th | $300,000 |
19th | $280,000 |
20th | $260,000 |
21st | $240,000 |
22nd | $224,000 |
23rd | $208,000 |
24th | $192,000 |
25th | $176,000 |
26th | $160,000 |
27th | $154,000 |
28th | $148,000 |
29th | $142,000 |
30th | $136,000 |
31st | $130,000 |
32nd | $124,000 |
33rd | $118,000 |
34th | $113,000 |
35th | $108,000 |
36th | $103,000 |
37th | $98,000 |
38th | $94,000 |
39th | $90,000 |
40th | $86,000 |
41st | $82,000 |
42nd | $78,000 |
43rd | $74,000 |
44th | $70,000 |
45th | $66,000 |
46th | $62,000 |
47th | $58,000 |
48th | $54,800 |
49th | $52,000 |
50th | $50,400 |
Every player in the Top 50 will receive at least $50,400 in prize money, which is one advantage for The Masters purse being split among a limited field. Higher up on the leaderboard, every player in the Top 11 receives at least $500,000. Perhaps even crazier is the fact that the runner-up of The Masters this year will receive $2.16 million, which is more than we saw the winner take home in 2015-21 for more recent iterations of the tournament. The influx of prize money at Augusta National is truly staggering in 2024.
The Masters purse, winner's payout from the last 5 years
Thinking about the increase in purse that we've seen at The Masters, let's take a look at how the purse has increased over the last five years.
The Masters Year | Total Purse | Winner's Prize Money |
|---|---|---|
2024 | $20 million | $3.6 million |
2023 | $18 million | $3.24 million |
2022 | $15 million | $2.7 million |
2021 | $11.5 million | $2.07 million |
2020 | $11.5 million | $2.07 million |
It's truly wild to see how exponentially The Masters purse has grown just over this short span, nearly doubling from 2021 to 2024 and the winner's payout increasing by more than $1.5 million. And while the prize money is certainly always a factor, the immortality of donning a Green Jacket and going down as a major champions still might be worth more.
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