Masters Prize Money Breakdown 2023: Record Winner's Payout Announced

This year’s Masters at Augusta National will see players compete for a record Major prize purse

Scottie Scheffler and Fred Ridley at the 2022 Masters ceremony
(Image credit: Getty Images)

The 2023 Masters has been one of the most highly anticipated in recent memory as players from LIV Golf and the traditional tours came together for the first time since The 150th Open last July. But how much money is up for grabs at Augusta National?

It's a hot topic in golf at the moment, with the Saudi-funded breakaway circuit offering $25 million at regular events and $50m at the season-ending Team Championship. In response, the PGA Tour created a new series of designated events, upping the money on offer to $20m per tournament and limiting field sizes.

As for the Majors, prize money has been steadily increasing. At last year's Masters, the total purse was $15m, with champion Scottie Scheffler pocketing a cool $2.7m.

At the 2023 Masters, the purse has once again increased, with players competing for a record $18m as well as the highly coveted Green Jacket. That means, for the first time in history, the winner will leave Augusta with more than $3m.

Here's a full breakdown of the prize money on offer at the 2023 Masters:

Masters prize money 2023

  • 1st: $3,240,000
  • 2nd: $1,944,000
  • 3rd: $1,224,000
  • 4th: $864,000
  • 5th: $720,000
  • 6th: $648,000
  • 7th: $603,000
  • 8th: $558,000
  • 9th: $522,000
  • 10th: $486,000
  • 11th: $450,000
  • 12th: $414,000
  • 13th: $378,000
  • 14th: $342,000
  • 15th: $324,000
  • 16th: $306,000
  • 17th: $288,000
  • 18th: $270,000
  • 19th: $252,000
  • 20th: $234,000
  • 21st: $216,000
  • 22nd: $201,600
  • 23rd: $187,200
  • 24th: $172,800
  • 25th: $158,400
  • 26th: $144,000
  • 27th: $138,600
  • 28th: $133,200
  • 29th: $127,800
  • 30th: $122,400
  • 31st: $117,000
  • 32nd: $11,600
  • 33rd: $106,200
  • 34th: $101,700
  • 35th: $97,200
  • 36th: $92,700
  • 37th: $88,200
  • 38th: $84,600
  • 39th: $81,000
  • 40th: $77,400
  • 41st: $73,800
  • 42nd: $70,200
  • 43rd: $66,600
  • 44th: $55,800
  • 45th: $59,400
  • 46th: $55,800
  • 47th: $52,200
  • 48th: $49,320
  • 49th: $46,800
  • 50th: $45,360

The remainder of the professionals in the field will receive cash prizes ranging downward from $44,280 depending on the scores.

As for the rest of the Major prize purses, in 2022, there was $15m on offer at the PGA Championship, $17.5m at the US Open, and $14m at The Open. 

Andrew Wright
Freelance News Writer

A lifelong golf fan, Andy graduated in 2019 with a degree in Sports Journalism and got his first role in the industry as the Instruction Editor for National Club Golfer. From there, he decided to go freelance and now covers a variety of topics for Golf Monthly. 

Andy took up the game at the age of seven and even harboured ambitions of a career in the professional ranks for a spell. That didn’t pan out, but he still enjoys his weekend golf at Royal Troon and holds a scratch handicap. As a side note, he's made five holes-in-one and could quite possibly be Retief Goosen’s biggest fan.

As well as the above, some of Andy's work has featured on websites such as,, and

What's in Andy's bag?

Driver: Callaway Mavrik Sub-Zero (9°)

3-wood: TaylorMade Stealth 2 Plus (15°)

Driving iron: Titleist U500 (17°)

Irons: Mizuno mp32 (4-PW)

Wedges: Titleist Vokey SM9 (50°, 54° and 58°)

Putter: Titleist Scotty Cameron Newport 2.5

Ball: TaylorMade TP5x