1940 Masters Tournament
The 1940 Masters Tournament was the seventh Masters Tournament, held April 4–7 at Augusta National Golf Club in Augusta, Georgia.
Jimmy Demaret won the first of his three Masters titles, four strokes ahead of runner-up Lloyd Mangrum, the largest margin of victory until 1948. The purse was $5,000 and the winner's share was $1,500.
Mangrum shot an opening round 64, a new course record by two strokes, and it stood for 46 years, until Nick Price's 63 in 1986, later equaled by Greg Norman in 1996. Although all three of these players won major titles, none won a Masters.
Field
;1. Masters championsRalph Guldahl, Byron Nelson, Henry Picard, Gene Sarazen, Horton Smith
;2. U.S. Open champions
Tommy Armour, Billy Burke, Chick Evans, Johnny Farrell, Walter Hagen, Bobby Jones, Tony Manero, George Sargent
;3. U.S. Amateur champions
Lawson Little
;4. British Open champions
;5. British Amateur champions
Charlie Yates
;6. PGA champions
Johnny Revolta, Paul Runyan
;7. Members of the U.S. Ryder Cup team
- Not held
Ray Billows, Chuck Kocsis, Tommy Suffern Tailer, Bud Ward
- Johnny Fischer, Johnny Goodman, Fred Haas and Reynolds Smith did not play. Tailer was a reserve for the team.
Ed Dudley, Vic Ghezzi, Chick Harbert, Jimmy Hines, Ben Hogan, Ky Laffoon, Jug McSpaden, Frank Moore, Toney Penna, Felix Serafin, Sam Snead, Jimmy Thomson, Willie Turnesa, Frank Walsh, Al Watrous, Craig Wood
- Denny Shute and Jess Sweetser did not play.
Johnny Bulla, Sammy Byrd, Harry Cooper, Bobby Cruickshank, Jimmy Demaret, Jim Foulis, Dutch Harrison, Clayton Heafner, Dick Metz, Ed Oliver, Wilford Wehrle
- Olin Dutra, Matt Kowal and John Rogers did not play.
George Dawson, Art Doering
- Harry Givan, Ed Kingsley and Don Schumacher did not play.
Rod Munday
- Emerick Kocsis did not play.
Bill Holt
;14. One professional, not already qualified, selected by a ballot of ex-U.S. Open champions
- Macdonald Smith did not play.
Willie Goggin, Lloyd Mangrum
;16 Foreign invitations
Enrique Bertolino, Jim Ferrier, Jules Huot, Martin Pose, Robert Sweeny Jr.
Round summaries
First round
Thursday April 4, 1940| Place | Player | Score | To par | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1 |  |1912ScorecardFirst round, set course record 32-32=64, lasted until 1986
|