The twelfth edition of the Masters is on the PDC calendar from Friday, Feb. 2 to Sunday, Feb. 4. During the 2024 Masters, £275,000 in prize money will be distributed. This puts the prize fund at the same level as last year.
As in past years, the Masters' field of participants consists of 24 players. The eight participants eliminated in the first round will receive £4000 each as compensation. The top eight players on the placement list are automatically qualified for the second round, where they are guaranteed a participation fee of £7500.
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Reaching the quarter-finals is rewarded with a £12,000 prize, followed by £20,000 for a place in the last four. The losing finalist receives a sum of £30,000, while the eventual winner goes home with a substantial reward of £65,000 in prize money.
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Distribution of prize money during Masters 2024
| Result | Prize money (total £275,000) |
| Winner | £65.000 |
| Runner-up | £30.000 |
| Losers semifinals | £20.000 |
| Losers quarterfinals | £12.000 |
| Losers last 16 | £7500 |
| Losers last 24 | £4000 |
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