Every single player except the amateurs receive prize money, but, only those who make the cut receive official money, those who miss the cut get a small payment of a few thousand.
The prize payout for all golfers that make the final cut in the master tournament will vary from year to year. As an example, in 2008, the total prize money was $7,500,000 with $1,350,000 going to the winner.
They get prize money when they win tournaments. If they are well known enough to have sponsors, the sponsors will give them some money or products. Some can make money from endorsements.
The total purse for the 2007 masters was $7.25 million, the winner taking $1,305,000 of that purse.
10% of golfers prize money
The 46 players who missed the cut after round 2 received no prize money. But the lowest prize among the 50 who played all 4 rounds was $19,200.
$1,350,000.
How much is the prize money for the winner of the 2010 masters golf tournsment?
$1350000
£1.2 million
The Masters prize money is split according to a designated formula. In case of a tie for third place, the money prize for third and fourth place are averaged and awarded to the two players.
In 2009 it was $1,350,000 for first place.