The Masters Payout For 2023 Is Bigger Than Ever
The Masters tournament is one of the premier golf events, offering its winners a green jacket, gold coin and replica winner’s trophy – not to mention an incredible prize pool; in 2018, Jon Rahm took home $3,420,000 as prize money!
The Masters purse has hit an all-time record high of $18 Million – an increase of nearly 6.5 Million since 2021.
Masters Payout 2023
The Masters winner’s prize money set a new record this year, reaching $18 million and surpassing previous years’ purses, which totalled $15 million in 2022 and $11.5 million in 2021.
Augusta will award the winner with a green jacket and millions in cash prizes; further payouts start accruing for places 26-50, with second place earning about $1.9 Million.
The Masters is the first major of the year
The Masters tournament offers professional golfers a $15 Million purse. The winner takes home most of that prize pool and receives a green jacket at Augusta National Golf Club in Georgia; Jon Rahm won this year by four shots!
The 2023 Masters will boast an enormous $18 Million purse, representing a significant increase over its predecessor tournament’s prize pool of around $10 Million. Winners could earn more than $3 Million each this time around as opposed to last year’s awards of just over $2 Million each.
The Masters offers appearance fees to players who miss the cut, typically around $10,000 USD, although these payments do not count towards official earnings and therefore do not feature in this page’s live projected Masters earnings projections. Still, these amounts remain higher than prizes awarded at most PGA Tour events.
It offers a $15 million purse
The Masters tournament is expected to offer an unprecedented $18 Million in prize money this year, an impressive increase over last year’s prize pool of $15 Million USD. Jon Rahm will take home $3.24 Million as the new champion compared to Scottie Scheffler who received $2.7 Million last year. Additionally, those who miss the cut receive an appearance fee payment, typically around $10,000 USD.
Augusta National has become one of the highest-paying majors, surpassing U.S. Open ($17.5 million), PGA Championship (15 million), and Open Championship ($14 million) with their increased payouts at Augusta National reflecting growing interest in golf, its green jacket prize, and rising attendance figures at tournaments such as this. Now with an increased payout at Augusta National reflecting this growing passion for the game of golf it now tops all other majors and is the highest paying major of them all!
The top 10 finishers will receive payouts starting at $44,280; those finishing in the bottom 50 will receive cash prizes that decrease. Established in 1934, The Masters is one of professional golf’s oldest and most renowned tournaments, awarding its winner with an iconic green jacket as an added prize.
It offers a green jacket
The Masters Tournament marks the opening major of golf season and its winner is presented with a green jacket made from tropical-weight wool material. This iconic garment boasts brass buttons and an embossed breast pocket patch featuring the tournament logo as well as his or her name stitched inside for every person who wins it – this prestigious distinction being only held by few. Many have sought this privilege; only few have achieved their goal and emerged victorious! It has become a sign of excellence over time, drawing in celebrities such as Peyton Manning, Jack Nicklaus and Roger Goodell; even CEOs from Silicon Valley companies and Fortune 500 companies have had a go at winning the Masters!
This year’s Masters prize money totaled an incredible $18 Million – an increase of three million over last year’s purse. The champion will receive 18 percent of that total amount (roughly equivalent to $3.24 Million this time around).
Masters Leaderboard 2023 Highlights:
Jon Rahm clinched his second major title and the coveted green jacket at the Masters Tournament 2023. Coming from behind, Rahm took control of the tournament, ultimately securing the win.
Brooks Koepka staged a remarkable comeback but fell short, finishing tied for second place. His struggles at Amen Corner, including a double bogey, hindered his chances.
Viktor Hovland impressed with a strong final round, securing third place. He started with birdies and even came close to an ace, settling for an eagle instead.
Russell Henley showcased his skills with a birdie but faced challenges, finishing tied for fifth. Phil Mickelson and Jordan Spieth are also strong contenders, while amateur player Sam Bennett made an impression and could make history if he continues to excel.
Keep an eye on the leaderboard as the competition unfolds, and Sunday promises to be an exciting conclusion to this year’s Masters Tournament.
Purse
The Masters Tournament is one of the premier events in golf. The winner receives honorary membership to Augusta National – one of the world’s premier clubs – while runners-up typically receive checks worth well over $2 Million; other members of the field typically also benefit financially.
The 2023 Masters purse has been announced at $18 Million – an increase of $3 Million over last year’s prize pool and will see the next green jacket owner earn upwards of $3.24 Million (that’s $630,000 more than defending champion Scottie Scheffler made last year!). Making it one of the highest paying tournaments in golf.
The Masters prize money payouts are determined using a formula which takes into account how many holes each player completes; therefore there may be sums that need to be shared among multiple players if there are multiple ties for a position. Furthermore, those finishing below the cut receive an appearance fee payment estimated at $10,000 USD.
Prize money
The Masters tournament is much more than just a week of pimento cheese sandwiches and cheeseburger sliders; it is one of the premier events on the PGA Tour with regard to prize money, featuring an estimated total purse of $18 Million this year, including the winner’s share of $2.7 Million.
Winners of the Masters will be presented with a green jacket, as well as receiving 18 percent of the total purse as their payout – which may not compare favorably with what LIV Golf events provide, but is still very lucrative.
The 2023 Masters offers an unprecedented prize pool increase and promises a much larger purse for its winner than ever before. Thanks to an increased prize pool – the largest year-over-year increase ever in Masters history! Additionally, runners-up will still walk away with substantial paychecks; top 15 players earning six figures while even those who miss out may receive small checks as compensation.
Masters Winners Payouts 2023
| Position | Player | Score | Payouts |
|---|---|---|---|
| 1 | Jon Rahm | -12 | $3,240,000 |
| 2 (T) | Brooks Koepka | -8 | $1,584,000 |
| 2 (T) | Phil Mickelson | -8 | $1,584,000 |
| 4 (T) | Jordan Spieth | -7 | $744,000 |
| 4 (T) | Patrick Reed | -7 | $744,000 |
| 4 (T) | Russell Henley | -7 | $744,000 |
| 7 (T) | Viktor Hovland | -6 | $603,000 |
| 7 (T) | Cameron Young | -6 | $603,000 |
| 9 | Sahith Theegala | -5 | $522,000 |
| 10 (T) | Scottie Scheffler | -4 | $432,000 |
| 10 (T) | Matt Fitzpatrick | -4 | $432,000 |
| 10 (T) | Xander Schauffele | -4 | $432,000 |
| 10 (T) | Collin Morikawa | -4 | $432,000 |
| 14 (T) | Gary Woodland | -3 | $333,000 |
| 14 (T) | Patrick Cantlay | -3 | $333,000 |
| 16 (T) | Tom Kim | -2 | $324,000 |
| 16 (T) | Sungjae Im | -2 | $324,000 |
| 16 (T) | Joaquin Niemann | -2 | $324,000 |
| 16 (T) | Justin Rose | -2 | $324,000 |
| 16 (T) | Shane Lowry | -2 | $324,000 |
| 16 (T) | Sam Bennett (a) | -2 | $0 |
| 16 (T) | Hideki Matsuyama | -2 | $324,000 |
| 23 (T) | Keegan Bradley | -1 | $172,800 |
| 23 (T) | Chris Kirk | -1 | $172,800 |
| 23 (T) | K.H. Lee | -1 | $172,800 |
| 26 (T) | Tony Finau | E | $138,600 |
| 26 (T) | Scott Stallings | E | $138,600 |
| 26 (T) | Ryan Fox | E | $138,600 |
| 29 (T) | Si Woo Kim | +1 | $119,700 |
| 29 (T) | Sam Burns | +1 | $119,700 |
| 29 (T) | Harold Varner III | +1 | $119,700 |
| 29 (T) | Mackenzie Hughes | +1 | $119,700 |
| 33 | Tommy Fleetwood | +3 | $106,200 |
| 34 (T) | Cameron Smith | +4 | $92,880 |
| 34 (T) | Zach Johnson | +4 | $92,880 |
| 34 (T) | Talor Gooch | +4 | $92,880 |
| 34 (T) | J.T Poston | +4 | $92,880 |
| 39 (T) | Taylor Moore | +5 | $75,600 |
| 39 (T) | Jason Day | +5 | $75,600 |
| 39 (T) | Abraham Ancer | +5 | $75,600 |
| 39 (T) | Adam Scott | +5 | $75,600 |
| 43 (T) | Max Homa | +6 | $63,000 |
| 43 (T) | Harris English | +6 | $63,000 |
| 43 (T) | Mito Pereira | +6 | $63,000 |
| 46 (T) | Sepp Straka | +7 | $54,000 |
| 46 (T) | Seamus Power | +7 | $54,000 |
| 48 (T) | Thomas Pieters | +8 | $48,060 |
| 48 (T) | Dustin Johnson | +8 | $48,060 |
| 50 (T) | Charl Schwartzel | +9 | $47,160 |
| 50 (T) | Fred Couples | +9 | $47,160 |
| 52 | Billy Horschel | +12 | $45,160 |
| 53 | Keith Mitchell | +14 | $45,060 |
Masters Winners Payout 2022
It should come as no surprise to anyone familiar with the event that the first place finisher at the Masters will earn an incredible paycheck this year, especially Jon Rahm who took home an unprecedented $3.24 Million prize this time. That figure represents almost $700K more than what Scottie Scheffler made last year as champion.
Second place at the Masters will receive an estimated payout of roughly $2 Million, while Cameron Smith should collect just over that figure, while Shane Lowry will split two prizes and each receive $870,000, leaving each of the top 10 with between $600,000 and $480,000 each. Since 1934, The Masters tournament has been the premier professional golf event. Winning it would be considered an immense accomplishment; and its rewards make the effort and dedication well worthwhile.
Payout structure
The Masters tournament is widely considered one of the premier events in golf, and its prize money attracts players seeking a shot at wearing that coveted green jacket. The purse this year stands at $18 Million with the winner receiving 18 percent or an estimated $3,240,000 as part of his or her share from that pool.
This represents a substantial jump from last year’s purse of $15 million, which had already been increased to $18 million by the PGA Tour events such as THE PLAYERS Championship and THE NORTHERN SEASONS.
The winner of the Masters will earn an unprecedented record-setting payday of more than $3 Million, $630,000 more than was awarded to Scottie Scheffler in 2022. Jon Rahm will take home over $2 Million while all top 10 players are guaranteed checks worth at least six figures; those missing the cut may receive an appearance fee which typically stands at $10,000 USD.
Winner’s share
The Masters Tournament is one of the world’s premier golf events, and its purse for 2023 has reached an unprecedented $18 million, an increase of $3 million from what was awarded last year when Scottie Scheffler claimed the green jacket – marking its largest annual increase ever in Masters history.
The Masters winner’s share currently stands at $2.7 million, or 18% of its total purse. While this prize pool may seem smaller compared to other PGA Tour events, this amount still represents an enormous sum of money – plus its winner will also gain honorary membership at Augusta National!
The Masters Tournament has never been an overly-favored competition; even stars such as Rory McIlroy have struggled to capture its green jacket. As such, betting opportunities within this event can present themselves and many players have made an honest living from betting on its odds.
Masters Entry Fee
The entry fees for Masters-level competitions can vary depending on the specific event and organizer. Generally, Masters-level tournaments tend to have higher entry fees compared to lower-level tournaments. These fees can range from a few hundred dollars to several thousand dollars, depending on the prestige and scale of the event. It’s important to check the specific tournament details and registration information for accurate and up-to-date entry fee information.
