Profitable the Masters comes with many perks.
First up, there may be the glory of triumph and of conquering Amen Nook.
There may be additionally the joys of defeating a world class subject and turning into a significant champion (or perhaps a a number of main champion).
The profitable golfer additionally earns the admiration of the watching world.
There’s the small matter of a toe-curling go to to the Butler Cabin and a brand new addition to the wardrobe within the type of a Inexperienced Jacket.
Must you ever win at Augusta Nationwide, you’ll additionally now have an invite for all times and a assured spot on the Champions Dinner.
Throw in confirmed begins in future PGA Championships, US Open and Opens.
And don’t neglect enhanced and new sponsorship offers, plus different money-making alternatives.
Oh sure, there’s additionally the small matter of prize cash.
It’s not essentially the most profitable event in golf but it surely’s nonetheless life-changing (effectively, for most individuals – for a lot of elite golfers it is going to simply be a case of including hundreds of thousands to many different hundreds of thousands).
Final 12 months, for instance, Scottie Scheffler gained $3.6 million.
To date, so good.
However Scheffler has to take care of tax, in fact.
Final 12 months he paid $1,332,000 in federal tax (37%) and $205,200 in state tax (5.7%) which involves $1,537,200 and means a take residence pay of $2,062,800.
Scheffler doesn’t stay in Florida like many golfers, who reside in that state as a result of it has no state revenue tax.
In line with a report by AskGamblers.com the Federal authorities has raised over $9.2 million from the Masters winner alone.
In the meantime the state of Georgia has earned over $1.4 million from those self same winners.
The Masters additionally works within the favour of Georgia in lots of different methods.
Tens of millions of sports activities followers from internationally watch the event yearly and turn out to be fascinated by the course and the state.
Then there are an estimated 200,000 individuals who enterprise to Georgia yearly, some from elsewhere in america, many others from internationally.
These folks spend some huge cash on accommodations, rent vehicles, inside flights, meals, drink, taking part in sport, visiting websites and lots of different actions.
That’s the reason the event is believed to place over $200 million into the local people.
Resort rooms alone explode in price from round $100 an evening to nearer $900.
The wonderful factor is that Augusta is definitely a metropolis with a inhabitants of 200,000 within the first place!
READ MORE: What do you get for successful The Masters?
