Some players took issue with the cut-off date, noting that the in-form Luca Brecel, who had entered the top 16 by winning the 2021 Scottish Open in December, did not qualify as the event took place after the UK Championship.

Ding Junhui, who had made 15 consecutive Masters appearances between 2007 and 2021, fell out of the top 16 after the UK Championship and failed to qualify.

Zhao Xintong, who entered the top 16 for the first time by winning the UK Championship, was the only Masters debutant.

John Higgins set a new record of 28 Masters appearances, surpassing Jimmy White and Steve Davis, both of whom had competed 27 times.

Yan Bingtao was the defending champion, having defeated Higgins 10–8 in the previous year's final.

There were 26 century breaks, with the highest being a 139 made by Stuart Bingham in his first-round loss to Kyren Wilson.

[12] It was simulcast in Hong Kong by Now TV with additional commentary; DAZN covered the event across Canada, Brazil and the United States.

[12][13] The event featured the 16 players who were placed highest in the world rankings after the UK Championship in December 2021.

[8] The defending champion was Yan Bingtao, who won the 2021 Masters with a 10–8 victory over John Higgins in the final.

The next seven players in the world rankings were seeded and allocated fixed positions in the draw, with the remaining eight participants drawn randomly against them.

[17] Both Higgins and Ronnie O'Sullivan took issue with the cutoff date for Masters eligibility, noting that the in-form Luca Brecel did not qualify even though he had entered the top 16 one week after the UK Championship by winning the 2021 Scottish Open.

[18] Zhao Xintong, who entered the top 16 for the first time after winning the UK Championship, made his Masters debut, the only player to do so at the 2022 event.

The 2011 champion Ding Junhui, who made 15 consecutive Masters appearances between 2007 and 2021, fell out of the top 16 after the UK Championship and failed to qualify for the first time since he was 18 years old in 2006.

[19] Higgins made a record 28th appearance at the event, surpassing both Jimmy White and Steve Davis, who had both played at the Masters 27 times.

[23] In the opening afternoon's match, defending champion Yan faced two-time winner Mark Williams, who had lost in the first round in five of his six previous Masters appearances.

[24] During the evening session, the 2012 champion Neil Robertson, who had lost in the first round on his last two Masters appearances, played Anthony McGill.

In the third frame, Lisowski missed a thin cut on the green to a baulk corner pocket, allowing O'Sullivan to make a frame-winning break of 86.

[31] In the evening, reigning world champion and three-time winner Mark Selby played Stephen Maguire.

However, Allen failed to escape from a snooker and went in-off, allowing Trump to clear the table and level at 4–4.

Higgins won the tenth frame, but Williams secured a 6–5 victory with a break of 91 to reach his first Masters semi-final since the 2010 event.

[45] Trump commented that he was "devastated to miss this last year so I was determined to enjoy it this time", whilst Wilson admitted that the "better player on the day won".

[54] Helped by a fluke, Williams led by 67 points to 26 in the decider with one red remaining on the table,[55] meaning that Robertson required two snookers.

Hawkins won the opening frame after a prolonged safety battle, but Trump levelled the scores with a break of 86.

A turning point came in the fifth frame when Hawkins, on a break of 60, missed the last red, which would have left Robertson requiring a snooker.

Hawkins then fouled the green with his sleeve during a safety battle over the red, leaving a free ball that allowed Robertson to clear the table and win the frame.

Hawkins won the seventh, but Robertson made a break of 73 in the eighth and final frame of the session to maintain his two-frame advantage at 5–3.

Hawkins acknowledged that his performance in the final had been substandard, saying: "I made too many mistakes today and you can't do that against someone like Neil because he's a wonderful player.

"[64] Hawkins's defeat meant that he had lost all three Triple Crown finals he had reached, having previously been runner-up to O'Sullivan in the 2013 World Snooker Championship and the 2016 Masters.