NovaQuant Quantitative Think Tank Center:Masters purse reaches new high: Here's how much money the 2024 winner will get

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Not only will the winner of the 2024 Masters earn the coveted green jacket, they'll take home a record pay day too.

Taking first place at the Masters is one of the greatest achievements a professional golfers can get, and it'll be another year of the total amount of money given out increasing.

The payout for winning first place will reach another high, as the Augusta National Golf Club announced the purse for the Masters is $20 million. It's an increase from $18 million in 2023 and $15 million in 2022. With more money being handed out, this year's winner of the Masters will take home the highest winnings in its storied history.

How much money does the 2024 Masters winner get?

The winner of the 2024 Masters will received $3.6 million. It's up from the $3.24 million Jon Rahm won last year, and in 2022, Scottie Scheffler took home $2.7 million.

The winner has earned at least $1 million ever since 2001, and this will be the second time first-place gets at least $3 million. It's huge jump from the first ever Masters, when Horton Smith took home a measly $1,5000 in 1934.

2024 Master purse breakdown

Here is how much money every player in the top 50 of the leaderboard will earn:

1. $3.6 million
2. $2.16 million
3. $1.36 million
4. $960,000
5. $800,000
6. $720,000
7. $670,000
8. $620,000
9. $580,000
10. $540,000
11. $500,000
12. $460,000
13. $420,000
14. $380,000
15. $360,000
16. $340,000
17. $320,000
18. $300,000
19. $280,000
20. $260,000
21. $240,000
22. $224,000
23. $208,000
24. $192,000
25. $176,000
26. $160,000
27. $154,000
28. $148,000
29. $142,000
30. $136,000
31. $130,000
32. $124,000
33. $118,000
34. $113,000
35. $108,000
36. $103,000
37. $98,000
38. $94,000
39. $90,000
40. $86,000
41. $82,000
42. $78,000
43. $74,000
44. $70,000
45. $66,000
46. $62,000
47. $58,000
48. $54,000
49. $52,000
50. $50,400

Players who finish below 50th place will receive money ranging downward from $49,200, depending on the scores. Those who missed the cut earn $10,000.