The Masters golf tournament generates considerable financial activity, with winners earning $4.2 million and a total prize pool of $21 million. Local businesses also benefit from tournament-related tourists, as many people visit Augusta. Homeowners, such as Whitney Boykin, have capitalized on this by renting out their homes, sometimes for substantial sums. Boykin's family can cover their annual mortgage solely from their rental income during the week of The Masters, highlighting the tournament's impact on local housing and rental markets. Notably, Airbnb listings can reach up to $28,000 for the week, echoing similar past practices seen during major events.
The Masters has significant financial implications, both for its winner and the local economy, with $21 million in total prize money and local homeowners benefiting.
Photographer Whitney Boykin's family rents out their home during The Masters, covering their mortgage for the year with the rental income, showcasing local economic impact.
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