AUGUSTA - The total prize money for the professionals competing in the 2024 Masters is $20 million.

The winner will receive $3.6 million.

Second place is worth $2.16 million, followed by $1.36 million for third, $960,000 for fourth and $800 for fifth.

The 50th place finisher will receive $50,400. The remainder of the finishers will range downward from $49,200 depending on scores. Sixty players made the cut, including one amateur.

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Industry leaders Dee Dee Myers (far left), Rebecca Rhine, the Western Executive Director of the Directors Guild of America, Paul Poteet, a partner with FGS Global and Kevin Klowden, the executive director of the Milken Institute, speak on a panel part of the Financial Times' Business of Entertainment Summit. (Courtesy of Hal Horowitz Photography)

Credit: Hal Horowitz Photography