Arnold Palmer finished -8 and took 18% of the purse. That $20,000 is worth about $219,664 in 2026 dollars.
How the 1962 Masters Tournament purse was split
Every paid player in finishing order. The top 10 took 68% of the money, and the dashed line marks the smallest check.
1962 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 |
|---|---|---|---|---|
| 3 | Dow Finsterwald | -8 | $8,000 | |
| 1 | Arnold Palmer | -8 | $20,000 | $20,000 |
| 2 | Gary Player | -8 | $12,000 | $12,000 |
| 4 | Gene Littler | -6 | $7,000 | $6,000 -14% |
| T5 | Jerry Barber | -1 | $3,600 | |
| T5 | Jimmy Demaret | -1 | $3,600 | |
| T5 | Billy Maxwell | -1 | $3,600 | |
| T5 | Mike Souchak | -1 | $3,600 | |
| T9 | Charles Coe Amateur | E | Not known | |
| T9 | Ken Venturi | E | $2,000 | |
| T11 | Julius Boros | +2 | $1,667 | $1,450 |
| T11 | Gay Brewer | +2 | $1,667 | $1,450 |
| T11 | Jack Fleck | +2 | $1,667 | $1,450 |
| T11 | Harold Henning | +2 | $1,667 | $1,450 |
| T15 | Billy Casper | +3 | $1,300 | $1,160 |
| T15 | Gardner Dickinson | +3 | $1,300 | $1,160 |
| T15 | Paul Harney | +3 | $1,300 | $1,160 |
| T15 | Jack Nicklaus | +3 | $1,300 | $1,160 |
| T15 | Sam Snead | +3 | $1,300 | $1,160 |
| T20 | Jacky Cupit | +4 | $1,000 | |
| T20 | Lionel Hebert | +4 | $1,000 | |
| T20 | Don January | +4 | $1,000 | |
| T20 | Johnny Pott | +4 | $1,000 | |
| 24 | Al Balding | +5 | $1,000 | $1,000 |
| T25 | Bob Charles | +6 | $625 | |
| T25 | Bob Goalby | +6 | $625 | |
| T25 | Ted Kroll | +6 | $625 | |
| T25 | Dave Ragan | +6 | $625 | |
| T29 | Bill Collins | +7 | $500 | |
| T29 | Bruce Crampton | +7 | $500 | |
| T29 | Cary Middlecoff | +7 | $500 | |
| T29 | Lew Worsham | +7 | $500 | |
| T33 | Roberto De Vicenzo | +8 | $500 | |
| T33 | Lloyd Mangrum | +8 | $500 | |
| T33 | Byron Nelson | +8 | $500 | |
| T33 | Chi-Chi Rodríguez | +8 | $500 | |
| T33 | Doug Sanders | +8 | $500 | |
| 38 | Ben Hogan | +9 | $500 | $500 |
| T39 | Jack Burke, Jr. | +10 | $500 | |
| T39 | Antonio Cerdá | +10 | $500 | |
| T39 | Henry Picard | +10 | $500 | |
| 42 | Don Cherry Amateur | +11 | Not known | |
| 43 | Chick Harbert | +12 | $500 | |
| T44 | George Bayer | +13 | $500 | |
| T44 | Doug Ford | +13 | $500 | |
| T44 | José Maria Gonzalez | +13 | $500 | |
| T44 | Brian Wilkes | +13 | $500 | |
| T48 | Juan Antonio Estrada Amateur | +14 | Not known | |
| T48 | Mário Gonzalez | +14 | $500 | |
| T48 | Chandler Harper | +14 | $500 | |
| CUT | Walter Burkemo | +6 | $0 | |
| CUT | Bob Cochran Amateur | +6 | $0 | |
| CUT | Gerard de Wit | +6 | $0 | |
| CUT | Wes Ellis | +6 | $0 | |
| CUT | Dick Mayer | +6 | $0 | |
| CUT | Miguel Sala | +6 | $0 | |
| CUT | Charlie Smith Amateur | +6 | $0 | |
| CUT | Art Wall Jr. | +6 | $0 | |
| CUT | Sam Carmichael Amateur | +7 | $0 | |
| CUT | Dave Douglas | +7 | $0 | |
| CUT | Stan Leonard | +7 | $0 | |
| CUT | Dave Marr | +7 | $0 | |
| CUT | Marion Methvin Amateur | +7 | $0 | |
| CUT | Ángel Miguel | +7 | $0 | |
| CUT | Eric Monti | +7 | $0 | |
| CUT | Frank Phillips | +7 | $0 | |
| CUT | Phil Rodgers | +7 | $0 | |
| CUT | Syd Scott | +7 | $0 | |
| CUT | Ed Updegraff Amateur | +7 | $0 | |
| CUT | Denis Hutchinson | +8 | $0 | |
| CUT | Jim Ferrier | +9 | $0 | |
| CUT | Ed Furgol | +9 | $0 | |
| CUT | Tommy Bolt | +10 | $0 | |
| CUT | Fidel de Luca | +10 | $0 | |
| CUT | Kel Nagle | +10 | $0 | |
| CUT | Billy Joe Patton Amateur | +10 | $0 | |
| CUT | Jim Turnesa | +10 | $0 | |
| CUT | Deane Beman Amateur | +11 | $0 | |
| CUT | Norman Von Nida | +11 | $0 | |
| CUT | Gene Andrews Amateur | +12 | $0 | |
| CUT | Ben Arda | +12 | $0 | |
| CUT | Bruce Devlin | +12 | $0 | |
| CUT | Gene Francis Amateur | +12 | $0 | |
| CUT | Al Geiberger | +12 | $0 | |
| CUT | Tom Haliburton | +12 | $0 | |
| CUT | Claude Harmon | +12 | $0 | |
| CUT | Sebastián Miguel | +12 | $0 | |
| CUT | Richard Norville Amateur | +12 | $0 | |
| CUT | Leopoldo Ruiz | +12 | $0 | |
| CUT | Denny Shute | +12 | $0 | |
| CUT | Dudley Wysong Amateur | +13 | $0 | |
| CUT | David Blair Amateur | +14 | $0 | |
| CUT | Robert W. Gardner Amateur | +14 | $0 | |
| CUT | Fred Hawkins | +14 | $0 | |
| CUT | Vic Ghezzi | +15 | $0 | |
| CUT | R. H. Sikes Amateur | +16 | $0 | |
| CUT | Gary Cowan Amateur | +19 | $0 | |
| CUT | Sam Parks Jr. | +19 | $0 | |
| CUT | Johnny Revolta | +19 | $0 | |
| CUT | Dick Chapman Amateur | +20 | $0 | |
| CUT | Horton Smith | +36 | $0 | |
| WD | Gene Sarazen | +4 | Not known | |
| WD | Jay Hebert | +2 | Not known | |
| WD | Herman Keiser | +3 | Not known | |
| WD | Bill Hyndman Amateur | +4 | Not known | |
| WD | Billy Burke | Not known | ||
| WD | Jock Hutchison | Not known | ||
| WD | Tony Manero | Not known | ||
| WD | Fred McLeod | Not known | ||
| DQ | Bob Rosburg | +6 | Not known |
Masters Tournament winner's share over time
This year is labeled. Full tournament history →
1962 Masters Tournament payout FAQ
How much did the winner of the 1962 Masters Tournament get?
Arnold Palmer won $20,000 from a $109,100 purse.
What was the 1962 Masters Tournament purse?
$109,100.
How much did last place get at the 1962 Masters Tournament?
The smallest check was $500, to Chandler Harper (T48).
How many players made the cut at the 1962 Masters Tournament?
50 players made the cut and finished, and 51 players missed it.