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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.
He repeated his win in 1936. The player with the most Masters victories is Jack Nicklaus, who won six times between 1963 and 1986. Arnold Palmer and Tiger Woods have each won four, and Jimmy Demaret, Gary Player, Sam Snead, Nick Faldo and Phil Mickelson have three titles to their name.nlike the other major championships, the Masters is held each year at the same location, Augusta National Golf Club, a private golf club in the city of Augusta, Georgia, USA. The Masters was started by Clifford Roberts and Bobby Jones. Jones designed Augusta National with course architect Alister MacKenzie.