2024 Masters money: Purse, payout breakdown, winner’s share

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.

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.

2024 Masters purse, payout breakdown

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

Josh Berhow

Golf.com Editor

As GOLF.com’s managing editor, Berhow handles the day-to-day and long-term planning of one of the sport’s most-read news and service websites. He spends most of his days writing, editing, planning and wondering if he’ll ever break 80. Before joining GOLF.com in 2015, he worked at newspapers in Minnesota and Iowa. A graduate of Minnesota State University in Mankato, Minn., he resides in the Twin Cities with his wife and two kids. You can reach him at joshua_berhow@golf.com.