AUGUSTA, Ga. — The illustrious Masters Tournament may have come to a close with Scottie Scheffler winning, but it's worth looking at the prize money for players depending on their finishing position at this year's tournament.
With the evolution of the PGA Tour's signature events stemming from the rival LIV Golf league, which is paying players hundreds of millions, this year's purse at Augusta National is just as high as last year's was, which was the highest it had ever been.
In just two years (2021 to 2023), the purse at the Masters jumped a whopping $6.5 million. The total payout that is dispersed among all golfers at the tournament was $11.5 million from 2019 to 2021 but jumped all the way up to $18 million last year -- and that's a few extra million added to the $15 million purse that Scottie Scheffler was fortunate to win two years ago in 2022.
Jon Rahm captured both the green jacket and the record first-place payout of $3.24 million a year ago as a PGA Tour player but returns to Augusta National now as a member of LIV Golf after making the switch in December.
Here's how the payouts will look for players in each finishing position this year (1-25)
- 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
For comparison, here's a list of how much money the winner has taken home since the start of the century:
- 2000: $828,000
- 2001-2002: $1,008,000
- 2003: $1,080,000
- 2004: $1,117,000
- 2005-2006: $1,260,000
- 2007: $1,305,000
- 2008-2010: $1,350,000
- 2011-2013: $1,440,000
- 2014: $1,620,000
- 2015-2016: $1,800,000
- 2017-2018: $1,980,000
- 2019-2021: $2,070,000
- 2022: $2,700,000
- 2023: $3,240,000
- 2024: $3,240,000
The payouts keep going down incrementally from places 26-50, with those who finish lower than that receiving a payout starting at $44,280 and ranging downward. To see the rest of the payouts, click here.
The PGA Tour's signature events have led to a boost in money not only for the winner but for each golfer in their respective finishing positions.
For many of golf's biggest events on Tour, purses have risen to above the $18 million threshold the Masters is divving out on Sunday. Many of the PGA's most premiere tournaments now pay out prize money of $20 million. The only exception is THE PLAYERS Championship, which has an astronomical $25 million purse -- with this year's winner, Scottie Scheffler, winning $4.5 million.
