Introduction
The Masters Tournament is one of the most prestigious golf tournaments in the world, and every year golfers from around the world compete for the coveted green jacket and a hefty payday. But just how much money do Masters winners get? In this article, we’ll explore the prize money for Masters winners, how it has evolved over the years, and the differences between the men’s and women’s events.
Breakdown of Prize Money for Masters Winners
The total prize money for the Masters Tournament is $11.5 million, with the winner taking home $2 million. The rest of the prize money is broken down by place, with second place receiving $1.2 million, third place getting $800,000, and fourth place earning $550,000. Beyond that, the payouts decrease incrementally, but all players who make the cut still receive some form of compensation. Additionally, the Masters winner receives a lifetime exemption to the tournament, which allows them to return every year without having to qualify.
In addition to the prize money, there are other financial rewards for Masters champions. These include an invitation to the PGA Tour’s Players Championship, a five-year exemption to the U.S. Open, and invitations to the next three major championships (the U.S. Open, British Open, and PGA Championship).
Comparing Payouts Over the Years
The prize money for Masters winners has evolved significantly since its inception in 1934. At the time, the winner received a mere $1,500, while the runner-up earned only $750. By comparison, the first-place prize in 2020 was $2 million, a 1,233 percent increase over 86 years. The biggest payday in Masters history came in 2019, when Tiger Woods won the tournament and pocketed a whopping $2.07 million.
The evolution of prize money for Masters winners is reflective of the tournament’s increasing popularity and prestige over the years. As more and more viewers tune in to watch the event, the prize money for Masters winners continues to rise.
Difference Between Men’s and Women’s Prize Money
Though both men’s and women’s Masters events offer significant prize money to the winners, there is a disparity between the two. The men’s prize money is significantly higher than the women’s, with the winner of the men’s event receiving $2 million compared to the $1.5 million awarded to the female champion.
The discrepancy between the men’s and women’s prize money can be attributed to several factors. For one, the women’s event is a relatively new addition to the Masters, having been established in 2013. Additionally, the men’s event is a much larger draw, attracting more viewers and sponsors. As such, the prize money for the men’s event is considerably higher than that of the women’s.
Conclusion
In conclusion, the prize money for Masters winners is quite substantial, with the winner of the men’s event walking away with $2 million and the winner of the women’s event receiving $1.5 million. The amount of money awarded has increased significantly over the years, with the biggest payday coming in 2019 when Tiger Woods won the tournament and pocketed $2.07 million. Lastly, there is a discrepancy between the men’s and women’s prize money, with the former being higher due to the event’s greater popularity and longer history.
Understanding the prize money for Masters winners is important for golf fans and aspiring professionals alike. Knowing the payouts can help aspiring pros set realistic goals, and can give fans an appreciation for the tremendous amounts of money at stake in the sport of golf.
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