Masters Prize Money History: From $1,500 in 1934 to $4.2M in 2026

Masters winner's prize money by year history: Winner share went from $1,500 in 1934 to $3.6M in 2026.




Since it first started in 1934 until last year, the first-place prize money at the Masters has increased more than 226,000 percent.

It sort of boggles the mind in those terms but the numbers are the numbers: When Horton Smith won the what was then called the Augusta National Invitation Tournament, he was awarded a prize of $1,500. In 2025, when Rory Mcllroy won the Masters Tournament, he earned $3,600,000.

The money has changed quite dramatically over the 88 years of the tournament. The total purse and first-place money for the 2025 Masters has not been announced yet but the winner's share has gone up for three consecutive years. In all, the top prize has increased 53 of those 88 years.



How Masters winner share, prize money payouts have increased through the years




1934: $1,500

The inaugural event featured a $5,000 purse and $1,500 winner's share, which went to Smith. Those amounts stayed the same for the first five playings of the tournament.

1946: $2,500

The Masters to be played after three-year hiatus during World War II saw Herman Keiser take home a $2,500 prize.

1958 - $11,250

Arnold Palmer took home the first five-figure payday.


1984: $108,000

Masters money reached six figures in the mid-80s with Ben Crenshaw the first to claim that milestone. A 60-foot birdie putt on No. 10 highlighted his final-round 68.


1989: $200,000

Just five years later and the top prize had nearly doubled, with Nick Faldo winning the first of his three green jackets.

1998: $576,000

The first time the winner got more than a half a million dollars is when Mark O'Meara won the Masters in his 15th attempt, which was a then-record for most appearances before a victory.

2001: $1,008,000

Tiger Woods is the first Masters champ to clear a million bucks for winning at Augusta National.


2019: $2,070,000

Woods was also the first to earn a check for more than $2 million at Augusta.

2023: $3,240,000

Jon Rahm is the Masters first $3 million man.


2025: $4,200,000

Rory McIlroy


Masters Prize payout history: first-place winner prize money share year-by-year, 1934-2026.



2026     Rory McIlroy — $22,500,000 — $4,500,000

2025 — Rory McIlroy — $21,000,000 — $4,200,000

2024 — Scottie Scheffler — $20,000,000 — $3,600,000

2023 — Jon Rahm — $18,000,000 — $3,240,000

2022 — Scottie Scheffler — $15,000,000 — $2,700,000

2021 — Hideki Matsuyama — $11,500,000 — $2,070,000

2020 — Dustin Johnson — $11,500,000 — $2,070,000

2019 — Tiger Woods — $11,500,000 — $2,070,000

2018 — Patrick Reed — $11,000,000 — $1,980,000

2017 — Sergio Garcia — $11,000,000 — $1,980,000

2016 — Danny Willett — $10,000,000 — $1,800,000

2015 — Jordan Spieth — $10,000,000 — $1,800,000

2014 — Bubba Watson — $9,000,000 — $1,620,000

2013 — Adam Scott — $8,000,000 — $1,440,000

2012 — Bubba Watson — $8,000,000 — $1,440,000

2011 — Charl Schwartzel — $8,000,000 — $1,440,000

2010 — Phil Mickelson — $7,500,000 — $1,350,000

2009 — Angel Cabrera — $7,500,000 — $1,350,000

2008 — Trevor Immelman — $7,500,000 — $1,350,000

2007 — Zach Johnson — $7,418,464 — $1,305,000

2006 — Phil Mickelson — $7,000,000 — $1,260,000

2005 — Tiger Woods — $7,000,000 — $1,260,000

2004 — Phil Mickelson — $6,000,000 — $1,117,000

2003 — Mike Weir — $6,000,000 — $1,080,000

2002 — Tiger Woods — $5,600,000 — $1,008,000

2001 — Tiger Woods — $5,600,000 — $1,008,000

2000 — Vijay Singh — $4,600,000 — $828,000

1999 — Jose Maria Olazabal — $4,000,000 — $720,000

1998 — Mark O’Meara — $3,200,000 — $576,000

1997 — Tiger Woods — $2,700,000 — $486,000

1996 — Nick Faldo — $2,500,000 — $450,000

1995 — Ben Crenshaw — $2,200,000 — $396,000

1994 — Jose Maria Olazabal — $2,000,000 — $360,000

1993 — Bernhard Langer — $1,700,000 — $306,000

1992 — Fred Couples — $1,500,000 — $270,000

1991 — Ian Woosnam — $1,350,000 — $243,000

1990 — Nick Faldo — $1,250,000 — $225,000

1989 — Nick Faldo — $1,000,000 — $200,000

1988 — Sandy Lyle — $1,000,000 — $183,800

1987 — Larry Mize — $867,100 — $162,000

1986 — Jack Nicklaus — $785,000 — $144,000

1985 — Bernhard Langer — $700,793 — $126,000

1984 — Ben Crenshaw — $612,900 — $108,000

1983 — Seve Ballesteros — $500,000 — $90,000 

1983 — Seve Ballesteros — $500,000 — $90,000

1982 — Craig Stadler — $367,152 — $64,000

1981 — Tom Watson — $362,587 — $60,000

1980 — Seve Ballesteros — $359,949 — $55,000

1979 — Fuzzy Zoeller — $299,625 — $50,000

1978 — Gary Player — $262,402 — $45,000

1977 — Tom Watson — $280,477 — $40,000

1976 — Raymond Floyd — $200,000 — $40,000

1975 — Jack Nicklaus — $242,750 — $40,000

1974 — Gary Player — $229,549 — $35,000

1973 — Tommy Aaron — $224,825 — $30,000

1972 — Jack Nicklaus — $204,649 — $25,000

1971 — Charles Coody — $125,000 — $25,000

1970 — Billy Casper — $125,000 — $25,000

1969 — George Archer — $100,000 — $20,000

1968 — Bob Goalby — $100,000 — $20,000

1967 — Gay Brewer — $165,000 — $20,000

1966 — Jack Nicklaus — $100,000 — $20,000

1965 — Jack Nicklaus — $100,000 — $20,000

1964 — Arnold Palmer — $130,000 — $20,000

1963 — Jack Nicklaus — $112,500 — $20,000

1962 — Arnold Palmer — $110,000 — $20,000

1961 — Gary Player — $110,000 — $20,000

1960 — Arnold Palmer — $87,000 — $17,500

1959 — Art Wall Jr. — $75,000 — $15,000

1958 — Arnold Palmer — $60,000 — $11,250

1957 — Doug Ford — $45,000 — $8,750

1956 — Jack Burke Jr. — $30,000 — $6,000

1955 — Cary Middlecoff — $25,000 — $5,000

1954 — Sam Snead — $25,000 — $5,000

1953 — Ben Hogan — $20,000 — $4,000

1952 — Sam Snead — $20,000 — $4,000

1951 — Ben Hogan — $15,000 — $3,000

1950 — Jimmy Demaret — $12,000 — $2,400

1949 — Sam Snead — $11,000 — $2,750

1948 — Claude Harmon — $10,000 — $2,500

1947 — Jimmy Demaret — $10,000 — $2,500

1946 — Herman Keiser — $10,000 — $2,500

1942 — Byron Nelson — $5,000 — $1,500

1941 — Craig Wood — $5,000 — $1,500

1940 — Jimmy Demaret — $5,000 — $1,500

1939 — Ralph Guldahl — $5,000 — $1,500

1938 — Henry Picard — $5,000 — $1,500

1937 — Byron Nelson — $5,000 — $1,500

1936 — Horton Smith — $5,000 — $1,500

1935 — Gene Sarazen — $5,000 — $1,500

1934 — Horton Smith — $5,000 — $1,500 


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