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Masterton is a large town in New Zealand.
Masterton may also refer to:
- Masterton (New Zealand electorate), an electoral district based around Masterton, New Zealand
- Masterton (soccer), a soccer club based in Masterton, New Zealand that merged with Carterton in 1996 to form Wairarapa United
- Masterton Aerodrome, an airfield in Masterton, New Zealand
- Masterton railway station, a railway station in Masterton, New Zealand
- Masterton Trophy, a National Hockey League award named after Bill Masterton