Current:Home > NewsHow big is the Masters purse, and how much prize money does the winner get? -RiskWatch
How big is the Masters purse, and how much prize money does the winner get?
View
Date:2025-04-17 07:40:41
A low score at the Masters at Augusta means a high payout for professional golfers.
The total purse for the 2024 Masters is $20 million, a record high, and up $2 million from last year. Tournament champion Scottie Scheffler took home a record $3.6 million — $360,000 more than last year's winner earned. Scheffler, who is American, also won the tournament in 2022, when he netted $2.7 million of a $15 million purse.
In 2023, tournament winner John Rahm took home a $3.24 million payout in prize money, a nice chunk of that year's tournament's total $18 million purse.
The remainder of the purse was split among 50 golfers, with the tournament's two runners-up taking home $1.6 million each in prize money. Only three golfers earned seven figures, based on how they placed.
The purse for the 2024 competition at Augusta was announced Saturday. Following tradition, it is announced during, as opposed to in advance of the tournament.
The 2024 Masters purse payout breakdown is as follows, with the top 50 golfers receiving cash prizes ranging from $3.6 million to $50,400. The remaining professionals, who do not place in the top 50, receive cash prices ranging downward from $49,200, based on their scores. Notably, amateurs do not earn money to compete. The first year the masters was played, in 1934, the purse was $5,000 and the winner took home $1,500.
Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News Streaming to discuss her reporting.
veryGood! (257)
Related
- Trump invites nearly all federal workers to quit now, get paid through September
- With Shohei Ohtani, Dodgers' Big 3 of MVPs is a 'scary' proposition | Nightengale's Notebook
- How to clean the inside of your refrigerator and get rid of those pesky odors
- Kristen Stewart, Emma Roberts and More Stars Get Candid on Freezing Their Eggs
- In ‘Nickel Boys,’ striving for a new way to see
- Virginia Seeks Millions of Dollars in Federal Funds Aimed at Reducing Pollution and Electrifying Transportation and Buildings
- Lamar Odom Reveals Where He Stands With Rob Kardashian 7 Years After Khloe Kardashian Divorce
- It's the dumbest of NFL draft criticism. And it proves Caleb Williams' potential.
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Missing 4-year-old's body found, mother Janet Garcia arrested in connection to his murder
Ranking
- B.A. Parker is learning the banjo
- Salvage crews to begin removing first piece of collapsed Baltimore bridge
- Americans star on an Iraqi basketball team. Its owners include forces that attacked US troops
- Riley Strain's Tragic Death: Every Twist in the Search for Answers
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- What kind of dog is Snoopy? Here's some history on Charlie Brown's canine companion.
- Women's March Madness Elite Eight schedule, predictions for Sunday's games
- UCLA coach regrets social media share; Iowa guard Sydney Affolter exhibits perfect timing
Recommendation
Tom Holland's New Venture Revealed
A biased test kept thousands of Black people from getting a kidney transplant. It’s finally changing
N.C. State and its 2 DJs headed to 1st Final Four since 1983 after 76-64 win over Duke
Oklahoma State Patrol says it is diverting traffic after a barge hit a bridge
The Louvre will be renovated and the 'Mona Lisa' will have her own room
Salvage crews to begin removing first piece of collapsed Baltimore bridge
Biden says he'll visit Baltimore next week as response to bridge collapse continues
How to clean the inside of your refrigerator and get rid of those pesky odors