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2023 Masters Tournament: Prize Money Breakdown and Winner’s Payout

Published 04/05/2023, 11:30 AM EDT

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The season’s inaugural major championship is upon us. Considered to be one of the most prestigious events on the golf calendar, the Masters Tournament will be played at the iconic Augusta National Golf Club this week. The gossip around the golf community has been full of Masters predictions, with the tournament bringing together some of the best golfers on the planet.

The battle within the Masters Tournament

This year’s contest for the elusive Green Jacket won’t be an ordinary one. For the first time in a major since the inception of the LIV Golf Series, players from both sides of the faction will be playing on a common field.

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The dramatic move follows Augusta National’s chairman, Fred Ridley’s decision to allow LIV golfers to participate in the major championship. It means the likes of Phil Mickelson and Dustin Johnson will be playing alongside Tiger Woods and Rory McIlroy, with hostilities set to be at their peak.

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However, the tournament is set to be one of the most open-ended editions in recent times. Bookies have failed to stake a claim at a winner as a plethora of players stand a chance to take home the green jacket.

But any Masters event without the mention of Tiger Woods is futile. The celebrated golfer scripted the sport’s biggest fairytale when he emerged victorious at the 2019 Masters Tournament. The win marked Woods’ fifth Green Jacket and his 15th major championship title.

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His old mate, Phil Mickelson, is also making a return to the Augusta National for his 30th appearance in the tournament. The six-time major championship winner has won half of his major titles at the Masters, with wins in 2004, 2006, and 2010.

His arrival at the prestigious tournament has certainly raised eyebrows, with the veteran no longer associated with the PGA Tour. Mickelson made heads turn last year when he switched to the LIV Golf Series in an alleged multi-million dollar deal.

While the aura of triumph at the Masters is itself incredible, what are the other benefits of winning the green jacket?

Prize money breakdown and winner’s benefits at the 2023 Masters Tournament

The purse at the Masters has seen a significant bump in recent years, with the sum up to $18 million this year. The winner of the iconic event will be awarded the standard 18 percent of the total purse, which stands at $3.24 million.

Furthermore, there are other benefits in store for the winner. Apart from the distinguished green jacket, the Masters champion will receive 100 Official World Golf Ranking points. They’ll also be awarded a five-plus season exemption on the PGA Tour, as well as lifetime berths into the Masters.

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Below is the prize money distribution at the 2023 Masters:

POSITIONMONEY
1st$3,240,000
2nd$1,944,000
3rd$1,224,000
4th$864,000
5th$720,000
6th$648,000
7th$603,000
8th$558,000
9th$522,000
10th$486,000
11th$450,000
12th$414,000
13th$378,000
14th$342,000
15th$324,000
16th$306,000
17th$288,000
18th$270,000
19th$252,000
20th$234,000
21st$216,000
22nd$201,600
23rd$187,200
24th$172,800
25th$158,400
26th$144,000
27th$138,600
28th$133,200
29th$127,800
30th$122,400
31st$117,000
32nd$111,600
33rd$106,200
34th$101,700
35th$97,200
36th$92,700
37th$88,200
38th$84,600
39th$81,000
40th$77,400
41st$73,800
42nd$70,200
43rd$66,600
44th$63,000
45th$59,400
46th$55,800
47th$52,200
48th$49,320
49th$46,800
50th$45,360

Who is your pick to win the Masters this year – A LIV golfer or a PGA Tour pro? Let us know what you think in the comments down below.

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Keep watching this space for all the latest updates from the tournament.

Watch This Story | “This Is the Year”: Merely Days Before the Masters Tournament, Tiger Woods’ Major Update Sends Fans into a Frenzy

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Written by:

Sharan Nair

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One take at a time

Sharan is an Engineering student with a desire to carve out a career in sports journalism. He is an ardent Tiger Woods fan and his 2019 Masters victory is what further cemented his love for the golfer. A die hard football fan, Sharan can be seen cheering for Real Madrid, and playing FIFA every chance he gets.
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Edited by:

Manaal Siddiqui

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