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The payout, however, is not one of those ways. Horton Smith, who won the first Masters, took home $1,500 according to Golfstats.com. The 2014 payout is worth more than 1,000 times that. The winnings have increased dramatically in the last 20 years.he payout, however, is not one of those ways. Horton Smith, who won the first Masters, took home $1,500 according to Golfstats.com. The 2014 payout is worth more than 1,000 times that. The winnings have increased dramatically in the last 20 years.
Jackpot prizes are paid in 30 annual payments. However, after you win the jackpot and your prize is validated by the Lottery, you will have 60 days to choose the cash value of the prize instead of 30 annual payments. For more information on jackpot payout, view the Winners Handbook.