Masters payout 2024: How much will Scottie Scheffler make from $20 million purse?

Scottie Scheffler has won his second green jacket, and with that another hefty payday for the World No. 1.

Scheffler defeated Ludvig Aberg, Collin Morikawa, Max Homa and Tommy Fleetwood on Sunday to add another green jacket his their closet and join one of the most exclusive fraternities in sport.

The champion will also head home with a substantial amount of dough.

Here's the purse and payout for the 2024 Masters:

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Masters 2024: Purse, payout

The Masters purse was announced Saturday morning at $20 million for the total payout in 2024.

That's an increase of $2 million from 2023.

What is the payout for today's Masters winner?

Scheffler will receive $3.6 million, a record high.

Last year, Jon Rahm gained $3.24 million, and Scheffler won $2.7 million when he won in 2022.

Masters payout history

For decades, the Masters staggered behind other majors in terms of payout.

The tournament did not begin handing out over a million dollars until 2001 and didn't eclipse the two million mark until 2019.

The Masters has now mostly caught up. Its purse is now tied for first among majors with the U.S. Open. However, the USGA could increase its number for June's tournament at Pinehurst.

All majors, though, trail the Players Championship. The tournament held a $25 million purse in 2024, and Scheffler took home $4.5 million as the winner.

Masters prizes for top 10

1st place, Scottie Scheffler: $3.6 million

2nd, Ludwig Aberg: $2.16 million

3rd, Tie between Tommy Fleetwood, Max Homa and Collin Morikawa: $1.36 million

6th, Tie between Cameron Smith and Bryson DeChambeau: $720,000

8th, Xander Schauffele: $620,000

9th, Tie between Will Zalatoris, Tyrrel Hatton and Cameron Young: $580,000

Beyond the top 11, the top 50 receives up to $50,000. After the top 50, the payout starts at $49,200 and dwindles down from there.

This article originally appeared on The Gainesville Sun: Masters payout 2024: How much money will champion make? What's the total purse?