Masters Increases Prize Money to $21 Million, Winner Receives $4.2 Million

The Masters Tournament has increased its total prize money by $1 million this year, reaching a record $21 million, with the winner receiving $4.2 million and the prestigious green jacket. This year, the tournament also pays $52,920 to the 50th place finisher and $25,000 to professionals who miss the cut, a significant increase compared to the U.S. Open's $10,000 consolation. The trend of raising prize funds reflects a broader shift in golf, with the Players Championship leading at $25 million. Ten years ago, the total purse was only $10 million, demonstrating substantial growth in the sport's financial landscape. While the Masters continues to hold its place among the majors, the PGA Tour will next feature the RBC Heritage, offering a $20 million purse. The competition remains fierce, and even those lower on the leaderboard are recognized for their efforts.