When the Masters’ entire prize money is given out on the Sunday after the competition in 2023, records will be broken again again.
The overall prize for this year is $18 million, an increase of $3 million from the total purse in 2022, and winner Jon Rahm will earn $3.24 million this year compared to $2.7 million last year.
As the Masters seeks to stay up with the Joneses, the prize has increased by a total of $6.5 million over the previous two years. It continues to have the lowest prize pool of any PGA Tour competition; Scottie Scheffler won $4.5 million at The Players Championship in 2023, which had the largest purse at $25 million.
This year’s tournament has concluded after repeated weather delays at Augusta National, where it was briefly doubtful if play would end on Sunday as planned.
But this year in Augusta, there were other noteworthy events as well. At the Masters on Sunday, Phil Mickelson shot 65, his lowest score in a final round ever. And regrettably, Tiger Woods pulled out of the competition early on Sunday, claiming a recurrence of plantar fasciitis.
The fact that Rahm won his first-ever green jacket in his eighth Masters appearance was, of course, the greatest news of the weekend. On Sunday’s third round, which had been postponed due to bad weather, Rahm was four strokes behind 42-hole leader Brooks Koepka. However, Rahm put on a clinic and eventually won by four shots.
Koepka and Phil Mickelson shared second place.
Let’s look at the earnings that Rahm, Mickelson, and Koepka, along with the other top 50 golfers, will get after the 87th Masters.
The prize money is divided equally among the tied golfers, of whom there were many at the top, not just at second. As a result, Mickelson and Koepka each received nearly $1.6 million after splitting the average of the second- and third-place payouts.
2023 Masters Total Payouts
Win: $3.24 million
2nd: $1.944 million
3rd: $1.224 million