Masters 2023 prize purse: Total prize money pumped up to $18 million, champion wins $3.24 million

The 2023 Masters’ prize purse has gone up along with the excitement. As the event at Augusta National reaches its business end on Sunday (April 9), officials have now revealed that the total prize purse has been pumped up to $18 million.

The Masters enters Day 4 on Sunday. While a finish on the same day is not on the cards due to bad weather, officials made a press release revealing the final prize purse for the event.

According to the release, the purse has been upped by $3 million from last year’s $15 million. The 2023 Masters winner will bag $3.24 million, a significant increase from the $2.7 million won by Scottie Scheffler last year.

Much like the Masters in 2022, this year’s prize purse will see the top three placers each take more than $1 million. While the Green Jacket champion takes over $3 million, the runner-up will win $1.94 million. The third-placed golfer will take $1.24 million, while the fourth-placed player will return home with $864,000.

Saturday was testing. It required grit and determination. But, the real test is tomorrow, when the final round begins and the final chapter of the 2023 Masters is written. #themasters https://t.co/6jX5NzZ7lu

Masters 2023 prize purse

Here is the complete prize money breakdown for the Augusta National event:

1 - $3,240,000
2 - $1,944,000
3 - $1,244,000
4 - $864,000
5 - $720,000
6 - $648,000
7 - $603,000
8 - $558,000
9 - $522,000
10 - $486,000
11 - $450,000
12 - $414,000
13 - $378,000
14 - $342,000
15 - $324,000
16 - $306,000
17 - $288,000
18 - $270,000
19 - $252,000
20 - $234,000
21 - $216,000
22 - $201,600
23 - $187,200
24 - $172,800
25 - $158,400
26 - $144,000
27 - $138,200
28 - $133,200
29 - $127,800
30 - $122,400
31 - $117,000
32 - $111,600
33 - $106,200
34 - $101,700
35 - $97,200
36 - $92,700
37 - $88,200
38 - $84,600
39 - $81,000
40 - $77,400
41 - $73,800
42 - $70,200
43 - $66,600
44 - $63,000
45 - $59,400
46 - $55,800
47 - $52,200
48 - $49,320
49 - $46,800
50 - $45,360

The Masters' official release also revealed that the “remainder of the professionals” at the event would win prizes ranging downward from $44,280 based on their final scores. Players who missed the cut, a list that includes Rory McIlroy, will return home with $10,000.

It is pertinent to note that the prize purse for the other three men’s majors this year has not been announced yet. The sudden rise in the total purse is being looked at as a reply to the changes brought to the sport by LIV Golf.