Since Sam Snead's victory in 1949, the winner of each year's Masters Tournament has received a green jacket, although he does not receive membership. ... The current Masters champion is the only owner of a green jacket permitted to remove it from the grounds of Augusta National, and only for a period of one year.

What happens when you win the Masters?

Aside from the first-place prize money, which is 18 percent of the total purse, a Masters winner earns entry into the Masters for life, entry into the other three majors for years to come, as well as PGA Tour exemptions and other goodies.

Is Tiger Woods a member at Augusta?

No. Augusta National Golf Club is a private club and is only accessible to club members and their guests. The public may visit the course only during the Masters Tournament and only with the proper ticket or badge.