Golf, like other professional sports, has enjoyed a recent explosion in the amount of money in both sponsors, contracts, and purses. Since the 1990s sports all over the world have become extremely lucrative for players, owners, and hosts. Advertisers have poured money into the game as live sporting events attract billions of eyeballs a year with loyal fan bases that can be counted on. The effect can easily be seen at The Masters with the pursue in 2018 beings $11 million which is an absolutely gigantic number. The Masters is a great tournament with plenty of incredible history and one of the biggest purses in golf. Watching live streaming of the Masters Golf is a pleasure to all.
One of the biggest factors that drove the pursues of not just the Masters but all golf events have been Tiger Woods. When he burst onto the scene of the PGA Tour in 1996, everyone took notice and he became a global phenomenon. Investors and sponsors were quick to take notice as the viewership on the PGA Tour spiked whenever Tiger was playing. This allowed events to increase their purses by 9.6% per year instead of the 3.2% that purses were going up the year before Tiger joined the PGA Tour. The increase in purse size is indicative of the overall increase in the wealth of sports and the purses will most likely only keep going up.
Phil Mickelson won just $180,000 for his first PGA Tour win and he is even shocked at how the purses at all PGA Tour events have gone up not just the Masters and other major tournaments. Now the top tournaments routinely give away millions of dollars each tournament to the top golfers in the world. It will be interesting to see if the PGA Tour and European Tour can both continue to grow their purse size to attract the world’s top athletes. The PGA Tour and European Tour are in a bit of an arms race as they attempt to have the biggest purses in the world to lay claim to the top golfers in the world.
The extra money in golf has brought about a higher level of competition as athletes from all over the world try and make their way so they can earn millions of dollars a year. The PGA Tour is now full of faces from all different parts of the globe as countries become wealthier they can afford more expensive sports such as golf. The added attention from all over the globe has brought even more money into the sport of golf as new golfers and new golf fans follow their favorite countrymen as they try to beat the top golfers in the world. The Masters will continue to attract the top golfers in the world because of its incredible prestige and top purse prize. Almost every golfer in the world dreams about putting on the green jacket and that alone is enough to bring the world’s best to Augusta, Georgia. Golf
Here is the Prize Breakdown for the 2018 Masters:
1st: $1.98 million
2nd: $1.188 million