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Masters prize money raised by $1 million

The clubhouse at Augusta National. (Getty) The clubhouse at Augusta National. (Getty)

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:

1st: $1,620,000

2nd: $972,000

3rd: $612,000

4th: $432,000

5th: $360,000

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.

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by Marika Washchyshyn
by Marika Washchyshyn