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Masters purse reaches new high: Here's how much money the 2024 winner will get

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Not only will the winner of the 2024 Masters earn the coveted green jacket, they'll take home a record pay day too.

Taking first place at the Masters is one of the greatest achievements a professional golfers can get, and it'll be another year of the total amount of money given out increasing.

The payout for winning first place will reach another high, as the Augusta National Golf Club announced the purse for the Masters is $20 million. It's an increase from $18 million in 2023 and $15 million in 2022. With more money being handed out, this year's winner of the Masters will take home the highest winnings in its storied history.

The pin flag on the second green flaps in the wind during the second round of the Masters Tournament at Augusta National Golf Club.
The pin flag on the second green flaps in the wind during the second round of the Masters Tournament at Augusta National Golf Club.

How much money does the 2024 Masters winner get?

The winner of the 2024 Masters will received $3.6 million. It's up from the $3.24 million Jon Rahm won last year, and in 2022, Scottie Scheffler took home $2.7 million.

The winner has earned at least $1 million ever since 2001, and this will be the second time first-place gets at least $3 million. It's huge jump from the first ever Masters, when Horton Smith took home a measly $1,5000 in 1934.

2024 Master purse breakdown

Here is how much money every player in the top 50 of the leaderboard will earn:

  1. $3.6 million

  2. $2.16 million

  3. $1.36 million

  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. $54,000

  49. $52,000

  50. $50,400

Players who finish below 50th place will receive money ranging downward from $49,200, depending on the scores. Those who missed the cut earn $10,000.

This article originally appeared on USA TODAY: 2024 Masters purse breakdown: How much money winner, others will earn