AUGUSTA, Ga. — The Masters purse is getting a boost. Augusta National released the 2024 Masters prize money breakdown on Saturday, with the total purse increasing to $20 million. Last year, the purse was $18 million, which was already a big jump from the previous year ($15 million).
The winner of this year’s Masters will receive $3.6 million — Jon Rahm won $3.2 million last year — with the runner-up taking home $2.16 million and 3rd earning $1.36 million.
For years, the majors were the biggest paydays in pro golf (along with the Players Championship, the marquee event on the PGA Tour), but the PGA Tour/LIV Golf divide has played a big role in increasing purses across the sport.
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The Masters’ purse increase means it’s now equal to the total purses offered at LIV Golf events (those are $25 million, but $20 million for the individual portion), and the PGA Tour’s Signature Events, which are also $20 million.
Last month’s Players Championship had a $25 million purse, and Scottie Scheffler earned $4.5 million for his win.
It’s unclear how much will be up for grabs at the three remaining men’s majors of 2024. Last year, the U.S. Open purse was $20 million, the PGA Championship $17.5 million and the Open Championship $16.5 million.
The complete payout breakdown for the 2024 Masters is below. The remaining professionals beyond 50th place who made the cut will receive payouts ranging downward from $49,200 depending on finishing position. The pros who miss the cut receive $10,000 each.
1st – $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
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