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The iconic green jacket still defines the Masters – but the prize money has never been so big.
This year’s winner will take home a record $4.5 million, a payday that stands out sharply from the rest of the field.
On Saturday, the Masters announced a total of $22.5 million – an increase of $1.5 million from last year and $7.5 million more than in 2022, when American Scottie Scheffler won.
More than $17 million of this year’s total will go to the top 15 finishers, with payouts dropping sharply down the leaderboard.
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Second place earns just over $2.4 million, while third place takes home just over $1.5 million. Even the golfer whoever finishes 50th will earn $56,700.
Players who make the cut but finish outside the top 50 will earn a minimum of $55,250, with payouts decreasing from there, while those who miss the cut will still take home $25,000.
That scale underlines how dramatically the Masters champion’s payday has grown: Horton Smith earned $1,500 for winning the opening tournament in 1934, compared to Rory McIlroy’s $4.2 million in 2025.
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Rory McIlroy triumphs during the green jacket ceremony after winning the sudden death playoff round to win the tournament at Augusta National in 2025. (Erick W. Rasco/Sports Illustrated via Getty Images/Getty Images)
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And in a tradition like no other, players at Augusta National don’t know what prize money they’re competing for when they tee off; the club will wait until after the 36-hole cut to announce the payouts.
