Last Place Masters Payout in Recent Years
The Masters Tournament, held annually at Augusta National Golf Club, awards prize money to all players who make the cut. In recent editions, the last place payout has been a fixed percentage of the total purse. For example, the 2023 Masters had a total purse of $20 million, and the last place check was reported as $216,000, based on the standard 1.08% of the purse for the 50th and final position. The 2024 Masters purse increased to $20 million, maintaining the same distribution structure. Official payout details are confirmed by the Masters Tournament organization and reported by major golf outlets. Forbes Masters payout breakdown
The Masters does not publicly release a full detailed payout table for every position, but the last place figure is consistently derived from the official purse and the fixed percentage. The tournament uses a standard payout schedule where the winner receives 18% of the purse, and the remaining amount is distributed among the cut qualifiers. The last place check is calculated as the residual share after the top positions are paid. This structure has remained stable in recent years, providing a predictable minimum earnings figure for players who survive the cut but finish last.
Cut Rules and Who Gets Paid
The Masters cut reduces the field to the top 50 scores and ties after 36 holes. All players who make the cut receive prize money, including those who finish in last place among the qualifiers. Players who miss the cut receive no prize money and no official payout. The cut line is determined by the score relative to par and the number of players advancing, with a maximum of 50 players plus ties. Masters official prize money page
In the event of a tie for 50th place, the prize money for those positions is shared equally among the tied players. This can slightly increase the last place payout if multiple players finish at the same score in the final qualifying position. The tournament uses a standard method for distributing the purse that follows the official Masters payout schedule, with adjustments only for ties. The total purse and the percentage allocated to the last position remain the primary factors in determining the final check.
Comparison With Other Major Championships
Other major golf championships have similar last place payout structures, though the specific amounts vary based on their total purses. The PGA Championship, U.S. Open, and The Open Championship all pay the last place qualifier a percentage of the purse, typically around 1% or slightly more. The Masters last place payout is comparable to these events when adjusted for purse size. PGA Championship official site
The Masters payout for last place is often cited as a benchmark because of the tournament's prestige and the consistency of its purse distribution. While the absolute dollar amount is lower than the winner's share, it still represents meaningful earnings for a player who makes the cut and finishes last. The prize money is considered official PGA Tour earnings and counts toward the player's season totals and career statistics.