Jimmy Demaret finished -8 and took 30% of the purse. That $1,500 is worth about $35,576 in 2026 dollars.
How the 1940 Masters Tournament purse was split
Every paid player in finishing order. The top 10 took 98% of the money, and the dashed line marks the smallest check.
1940 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 | Jimmy Demaret | -8 | $1,500 | $1,500 |
| 2 | Lloyd Mangrum | -4 | $800 | $800 |
| 3 | Byron Nelson | -3 | $550 | $600 +9% |
| T4 | Harry Cooper | -1 | $400 | |
| T4 | Ed Dudley | -1 | $400 | |
| T4 | Willie Goggin | -1 | $400 | |
| T7 | Henry Picard | E | $250 | $200 |
| T7 | Sam Snead | E | $250 | $200 |
| T7 | Craig Wood | E | $250 | $200 |
| T10 | Ben Hogan | +2 | $100 | $100 |
| T10 | Toney Penna | +2 | $100 | $100 |
| T12 | Paul Runyan | +3 | $33 | $50 |
| T12 | Frank Walsh | +3 | $33 | $50 |
| T14 | Sammy Byrd | +4 | Not known | |
| T14 | Johnny Farrell | +4 | Not known | |
| T14 | Ralph Guldahl | +4 | Not known | |
| T17 | Jug McSpaden | +5 | Not known | |
| T17 | Charlie Yates Amateur | +5 | Not known | |
| T19 | Lawson Little | +6 | Not known | |
| T19 | Ed Oliver | +6 | Not known | |
| T21 | Johnny Bulla | +7 | Not known | |
| T21 | Dick Metz | +7 | Not known | |
| T21 | Gene Sarazen | +7 | Not known | |
| T21 | Bud Ward Amateur | +7 | Not known | |
| T21 | Al Watrous | +7 | Not known | |
| 26 | Jim Ferrier Amateur | +8 | Not known | |
| T27 | Jimmy Hines | +9 | Not known | |
| T27 | Johnny Revolta | +9 | Not known | |
| T29 | Jim Foulis | +10 | Not known | |
| T29 | Tony Manero | +10 | Not known | |
| T31 | Dutch Harrison | +11 | Not known | |
| T31 | Frank Moore | +11 | Not known | |
| T33 | Chick Harbert Amateur | +13 | Not known | |
| T33 | Jules Huot | +13 | Not known | |
| T33 | Jimmy Thomson | +13 | Not known | |
| T33 | Wilford Wehrle Amateur | +13 | Not known | |
| 37 | Martin Pose | +14 | Not known | |
| 38 | Tommy Armour | +15 | Not known | |
| T39 | Vic Ghezzi | +17 | Not known | |
| T39 | Bill Holt Amateur | +17 | Not known | |
| T39 | Rod Munday | +17 | Not known | |
| T39 | Tommy Suffern Tailer Amateur | +17 | Not known | |
| T39 | Robert Sweeny Jr. Amateur | +17 | Not known | |
| T44 | Art Doering Amateur | +18 | Not known | |
| T44 | Chuck Kocsis Amateur | +18 | Not known | |
| 46 | Felix Serafin | +20 | Not known | |
| T47 | Horton Smith | +21 | Not known | |
| T47 | Willie Turnesa Amateur | +21 | Not known | |
| 49 | George Dawson Amateur | +24 | Not known | |
| 50 | Enrique Bertolino | +25 | Not known | |
| 51 | Chick Evans Amateur | +43 | Not known | |
| WD | Billy Burke | +11 | Not known | |
| WD | Walter Hagen | +12 | Not known | |
| WD | Ray Billows Amateur | +13 | Not known | |
| WD | Bobby Cruickshank | +15 | Not known | |
| WD | Ky Laffoon | +10 | Not known | |
| WD | Clayton Heafner | +11 | Not known | |
| WD | Bobby Jones | +11 | Not known | |
| WD | George Sargent | Not known |
Masters Tournament winner's share over time
This year is labeled. Full tournament history →
1940 Masters Tournament payout FAQ
How much did the winner of the 1940 Masters Tournament get?
Jimmy Demaret won $1,500 from a $5,000 purse.
What was the 1940 Masters Tournament purse?
$5,000.
How much did last place get at the 1940 Masters Tournament?
The smallest check was $50, to Frank Walsh (T12).