Frank Christian
The UEFA Euro 2024 tournament kicked off on June 14 with a match between Germany and Scotland at Munich’s Allianz Arena.
The event has progressed from the group stage to three knockout rounds, culminating in the final on July 14 at Berlin’s Olympiastadion.
The winning team that conquers all three group matches and emerges victorious in the final will earn a prize fund of nearly €30 million. However, all participating teams will receive a bonus from the UEFA purse just for being part of the finals.
How does the total prize fund compare to other tournaments like the Women’s Euros and the men’s World Cup? Let’s delve into the specifics.
Winners’ Prize at Euro 2024
Teams at Euro 2024 have the opportunity to earn varying amounts of prize money based on their success in the championship.
The maximum prize a team can win is €28.25 million ($30.43 million) for winning all group games, advancing to the final, and claiming the championship.
Euro 2024 Prize Money Distribution
The total prize money pool for Euro 2024 is €331 million ($357 million), identical to the prize fund for Euro 2020.
Here is the breakdown of how the prize money will be distributed:
| Tournament Progress | Prize Money in € ($ approx.) |
| Participating Team | 9.25m ($9.96m) |
| Match Bonus: Win | 1.0m ($1.07m) |
| Match Bonus: Draw | 0.5 ($0.53m) |
| Round of 16 Qualification | 1.5m ($1.62m) |
| Quarterfinals Qualification | 2.5m ($2.69m) |
| Semifinals Qualification | 4m ($4.3m) |
| Runners-up | 5m ($5.4m) |
| Winners | 8m ($8.6m) |
Player Earnings at Euro 2024
National teams will have varying bonus agreements with their players for Euro 2024 based on their performance.
While players in international football do not receive salaries like they do at the club level, they can earn substantial bonuses for successful national team performances in major tournaments.
For instance, England’s players were anticipated to earn over $500,000 each if they had won the 2022 FIFA World Cup in Qatar.
Men’s Euro 2024 Prize Money vs. Women’s Euros
The prize money for the upcoming Women’s Euros in Switzerland in 2025 has not been finalized yet.
However, the prize fund at the 2022 Women’s Euros was notably lower compared to the men’s tournaments.
UEFA doubled the prize money for the Women’s Euros two years ago, allowing the teams to share a total pot of €16 million, which is only a fraction of the men’s prize fund.
Prize Money for 2022 FIFA World Cup Winners
In April 2022, FIFA announced that the champions of the Qatar World Cup would receive a record $42 million in prize money.
This increase continues the trend of escalating prize money for World Cup winners over the past few decades, with teams now earning significantly larger sums than in previous years.
For instance, prior to 2006, World Cup-winning teams never received more than $10 million, with the 1982 champions, Italy, taking home an estimated $2.2 million for their victory.
The most recent World Cup in Qatar saw Argentina emerge victorious after a thrilling final against France.
