Financial Insights from The Masters Tournament

The Masters Tournament offers a significant prize money of $18 million with the winner receiving $3.2 million. Even players eliminated before the weekend receive $10,000 as an expense coverage. Home rentals in Augusta during the tournament can cost between $30,000 to $70,000 for a five-bedroom home. The IRS has the 'Augusta rule' allowing tax-free income from renting homes during the tournament for up to 14 days. Additionally, the tournament boasts unique merchandise sales agreements.