📺 Stream EntrepreneurTV for Free 📺

Here's How Many Millions the Masters Champion Will Take Home The prize purse for the 2023 Masters Tournament will remain the same as it was last year.

By Emily Rella

entrepreneur daily
Getty Images
Rory McIlroy of Northern Ireland plays his shot during the first round of the 2023 Masters Tournament

It's a tradition unlike any other with a payout to match.

The 2023 Masters Tournament is underway at Augusta National Golf Club as the best players in golf tee up in hopes of clinching the top spot — and the green jacket.

And although winning the Masters is an honor that will last a lifetime, the payout could also last that long. The prize purse (which is funded by Augusta National) for the 2023 tournament is estimated to be the same as last year, a cool $15 million. The purse is split among the top 50 participants, and the top three spots will take home seven figures.

Related: The Masters: 10 Inspirational Golf Quotes for Entrepreneurs

The first-place winner will take home $2.7 million, followed by $1.62 million for second place, and third place securing a little over $1 million.

The rest of the winners will earn between $720,000 and $37,800.

The last four winners of the tournament (Scheffler, Hideki Matsuyama, Dustin Johnson, and Tiger Woods) all clinched the $2.7 million prize. Before that, 2017 winner Patrick Reed and 2018 champ Sergio Garcia earned $1.98 million.

The Masters Tournament is set to conclude on Sunday, April 9.

Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Leadership

More Companies Are Holding on to Their Employees — and Vice Versa. Here's How to Capitalize on This Labor Market.

Your retention and recruitment strategies need to adapt as workers and businesses look for longer-term relationships. Try these strategies to do it.

Business Solutions

Redefining the Future with Artificial Intelligence Buyouts

Here's a look at RAD AI's strategic approach to AI acquisitions in the marketing landscape.

Growing a Business

The Only Way to Win Over Customers Is to Become Their First Choice. Here's How to Do It.

The best businesses focus their customer experience programs on doing the things that delight customers and put them ahead of their competition. Here are three little secrets to achieving this goal.

Business News

AI Is Transforming Drug Matching for Cancer, Rare Diseases — Here's How

One AI pharmaceutical startup works backward, starting from drugs already on the market.

Employee Experience & Recruiting

How Empathy-Based Leadership Can Transform Your Teams and Businesses

Empathy-based leadership is increasingly recognized as a valuable approach in the business world, where traditional strategic plans often fall short.