What Is The Prize Money For The Masters?
As one of the most prestigious stops on the PGA tour, placing high in the tournament pays very well. The total prize money for the 2023 Masters is $15 million and is split among the players in the competition. Read on to learn exactly how much money each player participating in the Masters gets at the end of the tournament.
Prize Money Breakdown
While winning the Masters is not all about the money, the first-place finisher is given a sizable reward for his performance. Besides the famous green jacket, the winner of the Masters receives 18% of the total prize money or $2.7 million. Although the first-place finisher receives the most prize money, the other competitors do not walk away empty-handed. Here is a breakdown of the cash payouts to each of the top finishers:
| Rank | Share | Amount |
|---|---|---|
| 1st Place | 18% of prize money | $2,700,000 |
| 2nd Place | 10.8% of prize money | $1,620,000 |
| 3rd Place | 6.8% of prize money | $1,020,000 |
| 4th Place | 4.8% of prize money | $720,000 |
| 5th Place | 4% of prize money | $600,000 |
| 6th Place | 3.6% of prize money | $540,000 |
| 7th Place | 3.35% of prize money | $502,500 |
| 8th Place | 3.1% of prize money | $465,000 |
| 9th Place | 2.9% of prize money | $435,000 |
| 10th Place | 2.7% of prize money | $405,000 |
Lowest Prize Money
Apart from the top finishers at the Masters, the rest of the competitors also receive a reward as well. The prize money continues to be split among the golfers depending on where they finish compared to the other competitors. Below is a breakdown of the prize money awarded to the golfers who finish in lower positions:
| Rank | Share | Amount |
|---|---|---|
| 41st Place | 0.41% of prize money | $61,500 |
| 42nd Place | 0.39% of prize money | $58,500 |
| 43rd Place | 0.37% of prize money | $55,500 |
| 44th Place | 0.35% of prize money | $52,500 |
| 45th Place | 0.33% of prize money | $49,500 |
| 46th Place | 0.31% of prize money | $46,500 |
| 47th Place | 0.29% of prize money | $43,500 |
| 48th Place | 0.274% of prize money | $41,100 |
| 49th Place | 0.26% of prize money | $39,000 |
| 50th Place | 0.252% of prize money | $37,800 |
For the players that finish lower than 50th place, the remainder of the prize money is paid based on the golfer’s score and finish, with the highest payout totaling $37,900.
Tie
If players in the Masters end up finishing with the same score and in the same position, the money is totaled up among the ranking positions that the players would have finished in and then averaged so that the same sum is paid to each player that tied. For example, if two players tied for second place, the prize money would be added up for both second and third place and then split into two to be paid to each golfer.
Other Major Tournaments
While the prize money of the Masters is substantial, the other three major tournaments also pay very generous sums of money to the winners. Here is the total prize money awarded at each of the four major golf tournaments:
| Major | Prize Money |
|---|---|
| Masters Tournament | $15 million |
| PGA Championship | $12 million |
| U.S. Open | $17.5 million |
| The Open Championship | $14 million |
FAQ
What is the prize money for winning the Masters?
The winner of the 2023 Masters will receive a whopping $2.7 million in prize money. This represents 18% of the tournament’s total prize fund of $15 million. This is almost double what the second-place finisher gets in the tournament ($1.6 million, or 10.8% of the total prize fund).