The Masters Prize Money Payout 2024
A record purse of $20m is on offer at the Augusta National Major, with the winner set for a huge payday


The 2024 Masters is proving an enthralling affair with a tight leaderboard over the opening two rounds. That included some of the biggest names in the game battling for the Green Jacket, while others missed the cut, not helped by brutally windy conditions on Friday.
It’s safe to say that whoever claims the title will have earned his victory. In addition to the prestige and attractive perks that come with winning The Masters, the winner will also claim huge earnings at Augusta National.
The winner’s prize and purse are identical to those of many of the PGA Tour’s prestigious signature events this year. That means the player who finishes on top of the leaderboard on Sunday evening will win $3.6m from a record $20m purse.
Bryson DeChambeau is in contention for The Masters title, and a record payday
That’s an increase of $2m on the $18m that was on offer at the 2023 edition. Back then, Jon Rahm saw off the challenges of LIV golfers Brooks Koepka and Phil Mickelson to claim the trophy and earn $3.24m. That continued a trend of increasing purses at the event after Scottie Scheffler won $2.7m from the $15m purse in 2022.
Even though there is more prize money on offer than ever before at this year's tournament, the winner will still earn less than victors at regular LIV Golf events, which sees the player finishing top of the leaderboard claim $4m after each tournament.
Overall, each of the top three in this year’s tournament will win seven-figure sums, with the runner-up claiming $2.16m and the player finishing third earning $1.36m.
Below is the prize money payout for The Masters.
Get the Golf Monthly Newsletter
Subscribe to the Golf Monthly newsletter to stay up to date with all the latest tour news, equipment news, reviews, head-to-heads and buyer’s guides from our team of experienced experts.
2024 Masters Prize Money Payout By Place:
Position | Prize Money |
---|---|
1st | $3,600,000 |
2nd | $2,160,000 |
3rd | $1,360,000 |
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 |

Mike has over 25 years of experience in journalism, including writing on a range of sports throughout that time, such as golf, football and cricket. Now a freelance staff writer for Golf Monthly, he is dedicated to covering the game's most newsworthy stories.
He has written hundreds of articles on the game, from features offering insights into how members of the public can play some of the world's most revered courses, to breaking news stories affecting everything from the PGA Tour and LIV Golf to developmental Tours and the amateur game.
Mike grew up in East Yorkshire and began his career in journalism in 1997. He then moved to London in 2003 as his career flourished, and nowadays resides in New Brunswick, Canada, where he and his wife raise their young family less than a mile from his local course.
Kevin Cook’s acclaimed 2007 biography, Tommy’s Honour, about golf’s founding father and son, remains one of his all-time favourite sports books.
-
Marco Penge Facts: 20 Things You Didn't Know About The English Golfer
Discover more about English DP World Tour winner, Marco Penge via these facts regarding his life and career so far...
By Jonny Leighfield
-
Lindy Duncan Facts: 11 Things You Didn't Know About The LPGA Tour Pro
Get to know American professional golfer, Lindy Duncan, with these facts about her life and career in the game so far...
By Matt Cradock
-
'I’ve Never Seen Someone Hit A Driver That Good. He Played So Freaking Good. And You Almost Feel Like, How Do I Compete With That?' - Akshay Bhatia Wowed By McIlroy's Masters Display
Akshay Bhatia lavished praise on Rory McIlroy's game at the Masters after playing the opening two rounds alongside the eventual champion at Augusta
By Paul Higham
-
Rory McIlroy Career Grand Slam Celebrated With Royal Mail Postmark
Rory McIlroy's Masters win, which made him the sixth player to complete the career Grand Slam, was celebrated with a special postmark by the Royal Mail
By Mike Hall
-
The Most Wanted Item From The Masters Shop Is Being Listed On Ebay At Almost 4,000% Higher Than Its Original Price
The 2025 Masters Gnome is called 'Peaches' and has been commanding an extremely sour price after being put up for sale online this week....
By Jonny Leighfield
-
Rory McIlroy's Sports Psychologist Explains Why He 'Didn't Talk' To Bryson DeChambeau In Masters Final Round
DeChambeau raised eyebrows at Augusta National when claiming that McIlroy wouldn't engage in conversation during the final round of The Masters
By Jonny Leighfield
-
'He Won't Stop Striving For Improvement' - Sports Psychologist Believes Rory McIlroy Has The 'Mindset, Focus And Drive' To Carry On Excellent Start To 2025 Season
We spoke to experienced Sports Psychologist, Gareth Shaw, about McIlroy's incredible Masters win and how the five-time Major can push on even further in 2025
By Matt Cradock
-
Rory McIlroy's Masters Win More Popular Than Tiger Woods In 2019 As Incredible TV Ratings Released
McIlroy's role as golf's primary needle-mover continued on Sunday as the Northern Irishman's fifth Major attracted an awful lot of eyeballs in the USA...
By Jonny Leighfield
-
The Watches Of The Masters - Bubba Watson's $2.5 Million Richard Mille Features Again While Rory McIlroy Celebrates Victory In $15,000 Omega
Several stars from the world of golf were spotted wearing designer watches throughout the week at Augusta National, where Rory McIlroy claimed his first Green Jacket
By Matt Cradock
-
'You Can't Win Them All If You Don't Win The First' - McIlroy Grand Slam Odds Shorten After Masters Victory
McIlroy completed the Career Grand Slam after winning The Masters, with his odds of claiming the Grand Slam in 2025 slashed after his Green Jacket victory
By Matt Cradock