Masters 2023: Winner’s Payout & Prize Money Earnings

min read
Hideki Matsuyama, of Japan, helps Scottie Scheffler put on the green jacket after winning the 86th Masters golf tournament on Sunday, April 10, 2022, in Augusta, Ga.
(AP Photo/David J. Phillip)
Ryan Hannable @RyanHannable Mar 29, 2023, 7:36 AM
  • The Masters is April 6-9, 2023.
  • In 2022, it had a purse of $15 million, with a winner's share of $2.7 million.
  • Details for 2023 will be released the week of the tournament.

The Masters, which will be April 6-9, 2023, is the best week of the year in golf.

It is the first major and held at Augusta National in Augusta, Georgia.

It will be the first major that is a designated event, with the new scheduling changes that went into effect for the 2022-23 PGA Tour season.

Scottie Scheffler is the defending champion, and he currently has the best golf odds to win at +700.

Unlike most PGA Tour events, only the top 50 players and ties after the first two rounds make the cut and get to play the weekend.

The purse and prize money for all golfers will be released the week of the tournament. The table below reflects 2022 values.

In 2022, the purse was $15 million, which is expected to climb this year.

How Much Does the Winner of the Masters Make?

In 2022, the winner’s share for winning the Masters was $2.7 million. That number is expected to be higher in 2023.

Masters: Winner’s Payout, Prize Money Earnings

PositionPayout
1$2,700,000
2$1,620,000
3$1,020,000
4$720,000
5$600,000
6$540,000
7$502,500
8$465,000
9$435,000
10$405,000
11$375,000
12$345,000
13$315,000
14$285,000
15$270,000
16$255,000
17$240,000
18$225,000
19$210,000
20$195,000
21$180,000
22$168,000
23$156,000
24$144,000
25$132,000
26$120,000
27$115,500
28$111,000
29$106,500
30$102,000
31$97,500
32$93,000
33$88,500
34$84,750
35$81,000
36$77,250
37$73,500
38$70,500
39$67,500
40$64,500
41$61,500
42$58,500
43$55,500
44$52,500
45$49,500
46$46,500
47$43,500
48$41,100
49$39,000
50$37,800
50$36,900

Masters Betting Odds

BetMGM is the premier destination for Masters betting odds throughout the year.

As the best golfers in the world compete for the green jacket at Augusta National, the online sportsbook has updated odds to win The Masters, including tournament winners odds, player props, and live betting. Betting on The Masters is the best way to add more excitement to the most prestigious tournament in the world.

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About the Author

Ryan Hannable

Read More @RyanHannable

Ryan Hannable is a copy editor on the Web Content Team for BetMGM. Previously, he was a New England Patriots beat writer for WEEI in Boston. He also has published a golf book, “The Ultimate Book of Golf Trivia: 600 Questions and Answers.”

Ryan Hannable is a copy editor on the Web Content Team for BetMGM. Previously, he was a New England Patriots beat writer for WEEI in Boston. He also has published a golf book, “The Ultimate Book of Golf Trivia: 600 Questions and Answers.”