Henry Picard finished -3 and took 30% of the purse. That $1,500 is worth about $35,366 in 2026 dollars.
How the 1938 Masters Tournament purse was split
Every paid player in finishing order. The top 10 took 100% of the money, and the dashed line marks the smallest check.
1938 Masters Tournament prize money for every player
Final positions and prize money, with what the same untied position paid the year before.
| Pos | Player | To par | Last year | Prize money |
|---|---|---|---|---|
| 1 | Henry Picard | -3 | $1,500 | $1,500 |
| T2 | Harry Cooper | -1 | $800 | $700 |
| T2 | Ralph Guldahl | -1 | $800 | $700 |
| 4 | Paul Runyan | E | $500 | $500 |
| 5 | Byron Nelson | +2 | $400 | $400 |
| T6 | Ed Dudley | +3 | $300 | $275 |
| T6 | Felix Serafin | +3 | $300 | $275 |
| T8 | Dick Metz | +4 | $175 | $175 |
| T8 | Jimmy Thomson | +4 | $175 | $175 |
| T10 | Vic Ghezzi | +5 | $100 | $100 |
| T10 | Jimmy Hines | +5 | $100 | $100 |
| T10 | Lawson Little | +5 | $100 | $100 |
| T13 | Billy Burke | +7 | Not known | |
| T13 | Gene Sarazen | +7 | Not known | |
| 15 | Stanley Horne | +8 | Not known | |
| T16 | Bobby Jones | +9 | Not known | |
| T16 | Jug McSpaden | +9 | Not known | |
| T18 | Bobby Cruickshank | +10 | Not known | |
| T18 | Ray Mangrum | +10 | Not known | |
| T18 | Johnny Revolta | +10 | Not known | |
| T18 | Tommy Suffern Tailer Amateur | +10 | Not known | |
| T22 | Chuck Kocsis Amateur | +11 | Not known | |
| T22 | Horton Smith | +11 | Not known | |
| 24 | Sam Parks Jr. | +12 | Not known | |
| T25 | Wiffy Cox | +13 | Not known | |
| T25 | Ben Hogan | +13 | Not known | |
| T27 | Ky Laffoon | +14 | Not known | |
| T27 | Tony Manero | +14 | Not known | |
| T27 | Frank Walsh | +14 | Not known | |
| T27 | Al Watrous | +14 | Not known | |
| T31 | Toney Penna | +16 | Not known | |
| T31 | Sam Snead | +16 | Not known | |
| 33 | Jess Sweetser Amateur | +17 | Not known | |
| T34 | Leo Mallory | +18 | Not known | |
| T34 | Craig Wood | +18 | Not known | |
| T36 | Ross Somerville Amateur | +20 | Not known | |
| T36 | Bud Ward Amateur | +20 | Not known | |
| 38 | Willie Macfarlane | +21 | Not known | |
| 39 | Charlie Yates Amateur | +24 | Not known | |
| WD | Frank Strafaci Amateur | +14 | Not known | |
| WD | Denny Shute | +15 | Not known | |
| WD | Leonard Dodson | +12 | Not known |
Masters Tournament winner's share over time
This year is labeled. Full tournament history →
1938 Masters Tournament payout FAQ
How much did the winner of the 1938 Masters Tournament get?
Henry Picard won $1,500 from a $5,000 purse.
What was the 1938 Masters Tournament purse?
$5,000.
How much did last place get at the 1938 Masters Tournament?
The smallest check was $100, to Lawson Little (T10).