For the first time since 2010, the payout for the Masters has been raised.
The total payout will be $9 million, raised from last year's $8 million.
After the change, Bubba Watson's victory will earn him $1.62 million this year compared to the $1.44 million he won in 2012.
The Top 5 earnings:
But despite the big payout, the Masters is not the richest tournament in golf. That honor is shared by the Players Championship and the PGA Championship, which each offer a $10 million purse. The U.S. Open purse is $8 million and the Open Championship gives out 5.25 million pounds, about US$8.8 million at today's exchange rate. For more news that golfers everywhere are talking about, follow @si_golf on Twitter, like us on Facebook, and subscribe to our YouTube video channel.