2024 Masters purse, winner's share, prize money payout
Masters Purses and Payouts

2024 Masters purse, winner’s share, prize money payout

A photo of golfer Scottie Scheffler AUSTIN, TEXAS - MARCH 27: Scottie Scheffler of the United States plays his shot from the first tee in his finals match against Kevin Kisner of the United States on the final day of the World Golf Championships-Dell Technologies Match Play at Austin Country Club on March 27, 2022 in Austin, Texas. (Photo by Michael Reaves/Getty Images)

The 2024 Masters purse is $20 million, with the winner's share coming in at $3,600,000 -- the standard 18 percent payout according to the Masters prize money distribution chart.

The Masters purse was formally announced on Saturday, after the 36-hole cut was made to the top 50 players and ties through two rounds. We also have the updated 2024 Masters prize money payout with all 59 professionals in the weekend field.

For 2024 Masters results and payout, see our final leaderboard

The 2024 Masters field is headed by defending champion Jon Rahm, Scottie Scheffler, Rory McIlroy and Brooks Koepka.

The event is in Augusta, Ga., with Augusta National Golf Club proving an incredible host to the game's biggest championship.

The Masters is one of the smallest fields on the PGA Tour to have a 36-hole cut. It has the smallest cut among the majors in terms of field size and total players to make the cut. The top 50 and ties make the Masters 36-hole cut, meaning players who make the cut make a little more money as a share of the purse compared to normal PGA Tour events. Every player after 50th place earns prize money starting at approximately $28,290 for 51st place and going down to complete the weekend field.

Those who miss the cut still get $10,000. Amateurs are not paid.

How the Masters purse compares to other majors

The total purse was increased $3,000,000 from 2022 to 2023, making it tops among the majors.

The purse is behind The Players Championship purse, which was been increased to $25 million for 2024 and the event's move to March.

All prize money is subject to the state of Georgia's taxes, which peak at 6 percent for the top-earning rate of 6 percent if you make more than $10,000 in taxable income per year.

What else is on the line: FedEx Cup points, OWGR points, exemptions

Beyond money, there are important points, perks and benefits on the line for the field -- in particular, the tournament winner.

The winner of this event will get 750 FedEx Cup points.

The winner gets 100 Official World Golf Ranking points, with all four majors offering the maximum points for any tournament in men's golf.

Winning comes with other big benefits, including a five-plus season exemption on the PGA Tour, as well berths into the Masters for life and spots in the other three majors for the next five years.

2024 Masters purse, winner's share, prize money payout

For 2024 Masters results and payout, see our final leaderboard

1 $3,600,000
2 $2,160,000
3 $1,360,000
4 $960,000
5 $800,000
6 $720,000
7 $670,000
8 $620,000
9 $580,000
10 $540,000
11 $500,000
12 $460,000
13 $420,000
14 $380,000
15 $360,000
16 $340,000
17 $320,000
18 $300,000
19 $280,000
20 $260,000
21 $240,000
22 $224,000
23 $208,000
24 $192,000
25 $176,000
26 $160,000
27 $154,000
28 $148,000
29 $142,000
30 $136,000
31 $130,000
32 $124,000
33 $118,000
34 $113,000
35 $108,000
36 $103,000
37 $98,000
38 $94,000
39 $90,000
40 $86,000
41 $82,000
42 $78,000
43 $74,000
44 $70,000
45 $66,000
46 $62,000
47 $58,000
48 $54,800
49 $52,000
50 $50,400

About the author

Ryan Ballengee

Ryan Ballengee is founder and editor of Golf News Net. He has been writing and broadcasting about golf for nearly 20 years. Ballengee lives in the Washington, D.C. area with his family. He is currently a +2.6 USGA handicap, and he has covered dozens of major championships and professional golf tournaments. He likes writing about golf and making it more accessible by answering the complex questions fans have about the pro game or who want to understand how to play golf better.

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