- The Masters purse was $20 million in 2024.
- Every player who makes the cut receives at least $40,000.
- Players who miss the cut are paid $10,000.
Boasting one of the largest purses on the PGA Tour, golfers receive massive prize money if they enjoy a successful week at the Masters.
The prize money isn’t a factor I consider when constructing golf parlays from the latest PGA Tour odds, but it can be a life-changing sum of money, particularly if an outsider finishes in the top 20.
How Is the Purse Split at the Masters?
| Position | Prize Money |
| 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 |
The total purse at the Masters in 2024 was $20 million. Scottie Scheffler, who had short odds to win the Masters before the tournament, received $3.6 million in total prize money for winning the event.
Second-placed Ludvig Aberg pocketed $2,160,000, while third place received $1,360,000.
The prize money decreases the further down the field a player finishes. Each place between eighth and 14th is worth an additional $40,000. The gap between prize money is $20,000 for every place from 15th to 21st.
How Much Do You Make for Making the Cut at the Masters?
Every professional who makes the cut at the Masters earns at least $40,000.
Do Players That Miss the Cut at the Masters Get Paid?
Yes, players who miss the cut get paid $10,000. This is unlike many PGA Tour events, where players do not receive any prize money if they miss the cut.
