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Home » Blog » total prize money at uefa euro 2024 to remain unchanged at e331m

Total prize money at UEFA Euro 2024 to remain unchanged at €331m

Vyom Chaud
Vyom Chaud
Sports journalist
Updated: 27 June 2024
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Euro 2024 is in full flow in Germany, and it has already proved to be a huge hit among the fans. However, despite the 2024 edition bringing in a record number of fans to Germany, there won’t be any increase in the prize money on offer at the tournament. According to the numbers presented by SafeBettingSites.com, the total prize money on offer at Euro 2024 stands at €331m, a 0% increase from the previous edition.

UEFA decides against increasing prize money

euro prize money
Source: UEFA

There will be no increase in prize money on offer at Euro 2024. UEFA has decided against increasing the total amount, €331m, on offer during the previous tournament in 2021. It is a surprising move from UEFA as in previous editions of European Championships, the prize money on offer has seen a consistent growth.

For example, during the 2008 edition, the total prize money stood at €184m. In the next edition, Euro 2012, the total prize money increased to €196m – an increase of 6.5%.

A significant bump in the total prize money came in 2016 as UEFA decided to expand the tournament. In the 2016 edition, the number of teams increased from 16 to 24, and the number of games from 31 to 51. The total prize money on offer increased to €301m as a result. Thus, the total prize money saw a massive increase of almost 54% during the 2016 edition.

During the 2020 edition, which was eventually held in 2021 due to COVID-19, UEFA decided to further increase the prize money to €331m. However, UEFA has decided to dodge the trend in 2024 as they have decided against increasing the prize money on offer. Hence, the total prize money at the ongoing tournament remains unchanged at €331m.

Champions can win a maximum amount of €28.25 million

euro prize money 2

Out of the total haul, an individual team can win a maximum prize money of €28.25m. UEFA has set €9.25m as the participating prize money, which will be awarded to every participating nation.

Furthermore, €1m will be awarded to teams for every win in the tournament, and €0.50 for drawing a game. Qualification to the last-16 will earn €1.5m for teams, while a spot in the quarterfinals will fetch €2.5m.

Semi-finalists are set to earn €4m. The prize money for the runners up is €5m, where as the tournament winner will bag €8m 

Vyom Chaud
Vyom Chaud
Sports journalist

Vyom Chaud left his IT job to follow his love for soccer. He has been writing about the beautiful game for the last 6 years contributing articles to The Daily Mail, Vocal, Fan Sided and many other publications. He can spin stories with numbers and thinks data is beautiful. An avid Arsenal fan, he spends most of his time dissecting the nuances of the game. He has played football, cricket and badminton at an amateur level.

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