2024 Masters Tournament money: Purse, winner's share, updated prize money payout
CMC Masters

2024 Masters Tournament money: Purse, winner’s share, updated 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 Tournament prize money payout is from the $20 million purse, with 59 professional players who complete four rounds at Augusta National Golf Club in Augusta, Ga., earning an official-money paycheck this week.

The winner's share of the Masters Tournament prize pool is at $3,600,000, with the second-place finisher taking home $2,160,000. The Masters Tournament prize money payout breakdown shows a payout of 18 percent of the purse to the winner, and how much each Masters player earns is guaranteed down to the 59th-place professional player, who gets $39,600.

For 2024 Masters results and payout, see our final leaderboard

The Masters Tournament field is headed by Scottie Scheffler, Max Homa, Collin Morikawa and more.

This tournament started with 89 players, and a cut was made this week after two rounds. Every professional player in the field is paid for completing the event, but how much each player is paid at the 2024 Masters Tournament from the correct 2024 Masters Tournament full-field payout is based on their finish.

The 36-hole cut was made to the top 50 players and ties, and those remaining 60 players have an opportunity to move up the leaderboard in the final round. Neal Shipley is the lone amateur to make the cut, and he will not receive prize money for his finish.

The 2024 Masters Tournament prize money payout is only true after the Masters cut is made, with the Augusta National Golf Club adding money to the purse if more than 50 professionals make the cut to ensure all players are paid. All professionals who miss the cut are paid $10,000.

At the Masters, there is no secondary cut, meaning all players making the 36-hole cut are able to complete all four rounds of the tournament.

What else is on the line

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, as this is considered an official major championship event on the PGA Tour schedule.

Additionally, there are 100 Official World Golf Ranking points on the line for the winner -- regardless of their current tour.

While this event offers a significant payday, a win comes with the benefits that come with winning on the PGA Tour. Winners of these events get a five-plus season exemption on the PGA Tour, berths into the next five editions of PGA Championship, US Open, British Open and The Players. A winner also gets a lifetime exemption into the Masters.

2024 Masters Tournament prize money, winner's share, first-place 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
51 $49,200
52 $48,000
53 $46,800
54 $45,600
55 $44,400
56 $43,200
57 $42,000
58 $40,800
59 $39,600

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.

Ryan talks about golf on various social platforms:

X or Twitter: https://twitter.com/ryanballengee
Facebook: https://facebook.com/ryanballengeegolf
Instagram: https://instagram.com/ryanballengee
YouTube: https://youtube.com/@ryanballengeegolf

Ballengee can be reached by email at ryan[at]thegolfnewsnet.com

Ryan occasionally links to merchants of his choosing, and GNN may earn a commission from sales generated by those links. See more in GNN's affiliate disclosure.