UEFA Euro 2024 began on June 14, when host nation Germany demolished Scotland at Munich's Allianz Arena.
The tournament has progressed through a group stage and next comes three knockout rounds, before two teams convene for the final on July 14 at Berlin's Olympiastadion.
For any team good enough to win all three group games and go all the way to the final before lifting the trophy, a prize-fund payout of close to €30 million will be available. However, all participating teams will earn a bonus through the UEFA purse, so nations will earn some sizeable sums just for taking part at the finals.
What's the total prize fund on offer? How does it compare to the Women's Euros and the men's World Cup? The Sporting News breaks down the details.
MORE: The complete list of teams at Euro 2024
Euro 2024 prize money: How much will winners get?
Teams competing at Euro 2024 will earn prize money of different amounts, depending on their success at the tournament.
The maximum amount that a team can win is €28.25 million ($30.43 million). They will earn that sum if they win all three of their group games before progressing all the way to the final, and then winning the trophy.
Euro 2024 prize money breakdown, total fund
The total amount of prize money on offer at Euro 2024 is €331 million ($357 million). This is the same prize fund that was available at Euro 2020.
The distribution of the prize money breaks down as follows:
| Tournament progress | Prize money in € ($ approx.) |
| Participating team | 9.25m ($9.96m) |
| Match bonus: Win | 1.0m ($1.07m) |
| Match bonus: Draw | 0.5 ($0.53m) |
| Qualification to Round of 16 | 1.5m ($1.62m) |
| Qualification to quarterfinals | 2.5m ($2.69m) |
| Qualification to semifinals | 4m ($4.3m) |
| Runners-up | 5m ($5.4m) |
| Winners | 8m ($8.6m) |
MORE: Stadium and host city for Euro 2024 final
How much money do players make at the Euros?
Different national teams will have agreements with their players on how much money is on offer in terms of bonuses at Euro 2024.
While international footballers do not earn wages in the way they do at club level, they can still earn sizeable sums of money should they help their national sides perform to expectations at major tournaments.
As an example, England's players were reportedly set to earn more than $500,000 each had they won the 2022 FIFA World Cup in Qatar. Of course, they were eliminated by eventual runners-up France at the quarterfinal stage.
How does the men's Euro 2024 prize money compare to the Women's Euros?
The prize money on offer at the next Women's Euros — taking place in Switzerland in 2025 — has yet to be confirmed.
However, the prize fund at the 2022 finals was significantly lower than that available at the men's tournaments.
UEFA doubled the prize money for the tournament two years ago, which was won by host nation England, so the teams could share a total pot of €16 million ($17.24 million, as per today's exchange rate). That figure was just 4.3 per cent of the men's prize fund.
How much money did the 2022 FIFA World Cup winners get?
FIFA confirmed in April 2022 that the Qatar World Cup champions were to receive a record $42 million in prize money.
That was an increase of $4m compared to 2018 and continues a trend that has seen the winners' pay packets increase massively over the past 40 years.
Prior to 2006, World Cup-winning teams never pocketed more than $10m, with 1982 champions Italy walking away with an estimated $2.2m for their efforts.
In 2002, there was a big push from national teams for FIFA to increase the prize money on offer, with growing World Cup revenue ensuring such profits have been handed down to successful sides since.
