[3] Defending champion, Dennis Taylor, lost in the first round against Mike Hallett, who had made his debut.
Steve Davis won his second Masters title by defeating Hallett 9 frames to 0.
[4] Davis received £56,000 as winner, plus £5,000 for making the highest break of the tournament, a 126 in the second frame of the final.
The remaining places were allocated to players based on the world rankings.
The breakdown of prize money for this year is shown below:[2] [3][5] Two century breaks were made during the tournament:[3]