Masters prize purse now the second highest behind Players Championship

The prize-purse for this year’s 88th Masters continues to grow with this year’s champion set to pocket $3.6m of the record-setting $20m purse.

That’s up $360,000 on the $3.24m handed to Spaniard Jon Rahm who won a year ago at Augusta National.

As well, the top-3 finishes this week will each earn over $1m while the top-10 will earn in excess of $500,000 and with the player finishing 50th taking away $50,400 that will easily cover his Augusta expenses.

However, the 2024 winner’s Masters prize cheque will still be second to the $4.5m Scottie Scheffler took home last month in capturing the PGA Tour’s flagship Players Championship that carried a record-setting purse of $25m

Compare this week’s first prize to 20-years ago when Phil Mickelson collected $1.117m in winning the first of three Augusta National green jackets.

Forty years ago, Ben Crenshaw earned $108,000 in capturing the 1984 Master while 50-years ago in 1974 Gary Player won a second green jacket and a first prize of $35,000.

And let’s go back to the first hosting of the Masters in 1934 when Horton Smith was handed $1,500 and that was the first prize pay-out up to and including 1942.

The first million dollar Masters champion was who else but Tiger Woods in capturing a second Masters in 2001 to earn $1,008,000.

And Woods created another piece of Masters history in winning a fifth Masters in 2019 and becoming the first $2m earner with a first prize of $2,070,000.

The first prize remained that amount for four Masters until last year when there was a jump of $540,000.

It was the biggest jump in one year in terms of first place prize money in the history of the Masters.

2024 Masters – Prize Money

Total purse: $20 million

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

The remainder of the professionals will receive cash prizes downward from $49,200 depending on the scores.