2024 RAK MADNESS BASKETBALL TOP 5 PAYOUT Total Purse $1,360.00 Donation to HostGator fees $(34.00) 5th Place Finish $(20.00) $1,306.00 1st Place – 50% Purse50% $653.00 2nd Place – 25% Purse25% $326.50 3rd Place – 15% Purse15% $195.90 4th Place – 10% Purse10% $130.60 5th Place $20.00 $1,326.00