Masters Tournament 2024 Prize Money: How Much Does the Winner Earn?

Golf is the 6th highest paid sport in the world with the industries value touching $7 Billion dollars. Thus, it needs no introduction of how rich the sport is and how well paid the players must be. Golf is often associated with elitism as rightly so as there are club charges, field charges, expensive equipment, and many more to pile up the bills. The Masters Tournament 2024 prize money is one of the highest major played this season with a purse of $11.5 million.

However, the governing bodies assure that they pay a handsome amount to the participants via impressive prize money breakdowns. But do you know what is the prize money breakdown of Golf majors? This article will lead you to get to know about the US golf masters tournament Prize money Breakdown.

Masters Tournament 2024 Prize Money

As per reports, the purse money for the 2024 Masters Tournament is the same as last year which is $11.5 million. Tiger Woods would look to win this tournament and pocket the winner’s prize money of 2.07 million. There will be roughly 87 professionals taking part in this year’s tournament and the breakdown of their prize money is as follows.

PositionShare Amount
Winner18% of the total purse$2,070,000.
Second Place10.8% of the total purse$1,193,400
Third Place6.8% of the total purse$751,400
Fourth Place4.8% of the total purse$530,400
Fifth Place4% of the total purse$442,000
Sixth Place3.6% of the total purse$397,800
Seventh Place3.35% of the total purse$370,175
Eighth Place3.1% of the total purse$342,550

The players who do not make the cut are paid $10,000 dollars.

The list of prize money winners from the 2024 Masters Tournament is as follows.

1Dustin Johnson65-70-65-68–268$2,070,000
T2Cameron Smith67-68-69-69–273$1,012,000
T2Sungjae Im66-70-68-69–273$1,012,000
4Justin Thomas66-69-71-70–276$552,000
T5Rory McIlroy75-66-67-69–277$437,000
T5Dylan Frittelli65-73-67-72–277$437,000
T7C.T. Pan70-66-74-68–278$358,417
T7Brooks Koepka70-69-69-70–278$358,417
T7Jon Rahm69-66-72-71–278$358,417
T10Webb Simpson67-73-71-68–279$287,500
T10Corey Conners74-65-71-69–279$287,500

Golf Majors’ Prize Money

Golf is governed by R&A, USGA, and IGF, and they conduct many tournaments in a year. But there are 4 major tournaments in a year that makes up a grand slam, and Masters Tournament is one of them.

MajorVenueTimePrize Money(Tournament)
Masters TournamentAugusta National Golf Club in Augusta, GeorgiaWeekend ending second Sunday in April$11.5 million
PGA ChampionshipVarious locations in AmericaWeekend prior to Memorial Day weekend$11 million
U.S. OpenVarious locations in AmericaFather’s Day$12.5 million
The open ChampionshipUnited KingdomWeek containing the third Friday in July$10.75 million

Masters Tournament just lags behind the US Open in terms of prize money but still, $11.5 million dollars is not a small amount. The Masters’ tournament was originally supposed to start in April but got delayed due to COVID and will now take place from November 12–15.

This year’s event will also take place at the Augusta National Golf Club in Augusta, Georgia but with no spectators allowed inside the club.

If you are wondering what does T stands for, then it means the positions which were tied. Thus, the list includes the Masters prize money of the top 10 winners. Tiger Woods won his 5th championship and bagged a whopping $2,070,000.

Wood’s first master’s title came way back in 1997, thus let’s have a look at the inflation of the winner’s prize money since then.

How much prize money does the winner get every year?

YearPrize Money(Winner)

The prize money distribution of Masters Golf Tournament has jumped from $486,000 in 1997 to $2,070,000 in 2024.