The 2026 Masters Tournament, taking place at Augusta National Golf Club in Augusta, Georgia, will feature a record-breaking $22.5 million purse. The winner will take home $4.5 million, surpassing the $4.2 million awarded to Rory McIlroy in 2025. This increase in prize money reflects the tournament's escalating financial stakes, with the total purse having nearly quadrupled since its inception in 1934. In addition to the winner's earnings, the second and third place finishers will earn $2.43 million and $1.53 million, respectively. The growth of the Masters purse has been significant, with a notable jump of $3.5 million from 2021 to 2022. Caddies also benefit from the tournament, earning a weekly wage between $2,000 to $4,000 plus a percentage of their player's earnings, with the winner's caddie receiving 10% of the payout. While the Masters boasts a high payout, the Players Championship currently holds the record for the largest purse in golf, at $25 million.