Masters payouts determined by player’s finishing spot
The Masters Tournament Payout Jumps to an All-Time High
The Masters Tournament is one of the most prestigious golf tournaments in the world that has made an impact in the game of golf. However, the prize money for this year’s participants has left many fans in awe. The PGA tour’s designated events, which stemmed from the now-rival LIV Golf league, have led to a boost in the payout money for each golfer in their respective finishing positions. This year’s purse at Augusta National has skyrocketed, making it the highest it has ever been in the tournament’s history.
Over the past two years, the purse at the Masters has jumped an astonishing $6.5 million, going from a total payout of $11.5 million from 2019 to 2021 to $18 million this year. With an extra few million added to the $15 million purse that Scottie Scheffler won part of last year, this year’s tournament has the highest payout money the Masters has ever seen.
To get a better idea of the breakdown of payout money for each finishing position this year, the winner of the tournament will receive $3.24 million, followed by the runner-up at $1.94 million, and the player in third place at $1.22 million. The payouts then decrease incrementally down to 25th place, with those who finish below receiving a payout starting at $44,280 and gradually decreasing from there.
For comparison, since the start of the century, the winner of the Masters has taken home a different amount of money each year. For example, in 2000, the winner of the tournament received $828,000 in prize money. In 2022, the winner will receive a significantly increased payout of $2.7 million, and in 2023, that number will jump up again to $3.24 million.
The elevated events on the PGA Tour, some of which pay out around $20 million or more, have had a significant impact on the prize money for golfers. The only exception remains The Players Championship, which has an astronomical $25 million payout money, with this year’s winner, Scottie Scheffler, taking home $4.5 million.
Although there remains stiff competition among the golfers to win the prestigious green jacket, this year’s winner will do so as the wealthiest tournament winner in the history of the Masters. The men atop the leaderboard heading into Sunday’s final round have not yet had the privilege of winning golf’s most storied tournament. They will have a chance to write their names into the tournament’s record books as they compete for the biggest payout money the Masters has ever seen.