How much money does the 2024 Masters winner get? Purse and payout

The perks of winning the Masters range from the green jacket, a silver replica of the Augusta National clubhouse, exemptions into any tournament you want and, of course, a whole bunch of money.

The Masters announced a purse increase this year from $18 million to $20 million, which also ups the winner’s share to $3.6 million, tying a major championship record. Last year’s winner, Jon Rahm received a modest $3.24 million.

Winning shares at the Masters have increased considerably since Tiger Woods took home $486,000 for his iconic win in 1997. Woods became the first player ever to win $1 million by winning the Masters in 2001 when the winner’s share was $1,008,000.

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The winning check slowly climbed over the next 18 years, before (you guessed it) Tiger Woods became the first winner to earn $2 million in a win, clearing $2,070,000 in 2019. The purse then increased each of the last three years.

And in case you’re wondering, the first Masters winner to earn $100,000 was Ben Crenshaw with $108,000 only 39 years ago in 1984. Since that year, the winner’s share has increased by nearly 3,600 percent.

You can stream the final round of the Masters via ESPN+, Masters.com and the Masters App, or you can watch the telecast on CBS starting at 2 p.m. ET for the final round.

You can check out the complete payout breakdown below.

2024 Masters purse, payout breakdown

1st – $3.6 million
2nd – $2.16 million
3rd – $1.36 million
4th – $960,000
5th – $800,000
6th – $720,000
7th – $670,000
8th – $620,000
9th – $580,000
10th – $540,000
11th – $500,000
12th – $460,000
13th – $420,000
14th – $380,000
15th – $360,000
16th – $340,000
17th – $320,000
18th – $300,000
19th – $280,000
20th – $260,000
21st – $240,000
22nd – $224,000
23rd – $208,000
24th – $192,000
25th – $176,000
26th – $160,000
27th – $154,000
28th – $148,000
29th – $142,000
30th – $136,000
31st – $130,000
32nd – $124,000
33rd – $118,000
34th – $113,000
35th – $108,000
36th – $103,000
37th – $98,000
38th – $94,000
39th – $90,000
40th – $86,000
41st – $82,000
42nd – $78,000
43rd – $74,000
44th – $70,000
45th – $66,000
46th – $62,000
47th – $58,000
48th – $54,800
49th – $52,000
50th – $50,400