The 2024 UEFA European Championship, commonly referred to as the Euros, has officially commenced in Germany, bringing together the crème de la crème of European football teams.
This prestigious tournament features 24 teams vying for the coveted title and a substantial prize pool of $357 million, identical to the 2020 edition. Each participating team is guaranteed a minimum of $9.96 million for their participation, providing a significant incentive to compete at the highest level.
In addition to the participation fee, teams can earn extra prize money based on their performance in the tournament. Winning a match in the group stage yields an additional $1.07 million, while a draw earns $0.53 million.
Reaching the Round of 16 is rewarded with a further $1.62 million, followed by $2.69 million for advancing to the Quarterfinals. Teams that make it to the Semifinals receive $4.3 million, with the Runner-up taking home $5.4 million.
The ultimate champion, however, stands to win a staggering $8.6 million. According to UEFA, a team that wins all three group games and goes on to lift the trophy can potentially pocket a maximum of $30.43 million.
This substantial sum is cumulative, with each round’s prize money added to previous winnings, making the potential earnings truly significant. The Euro 2024 tournament promises to be an exciting and thrilling spectacle, with teams battling it out for not only the coveted title but also a share of the lucrative prize pool.
