1 According to an article in BusinessInsider, membership fees to the Augusta National Golf Club are about $10,000 a year. 2  A Huffington Post article states that the Augusta National Golf Club initiation fee is $10,000 to $30,000. However, this does depend on the type of wine. 2  The cost for guests to play the golf course with a member is said to be approximately $40 per round. 3  Members are required to pay extra for lodging and dining services.