Euro 2024

Euro 2024 prize money: How much will each nation earn?

By Oliver Thomas, Senior Reporter | 28 June 2024

Euro 2024 is now underway and Sports Mole takes a look at UEFA's prize money distribution system and how much each nation could earn from this summer's tournament.

The 17th edition of the European Championship has now entered the knockout rounds, with the remaining nations who have advanced from the group stage battling it out for continental glory this summer.

England are regarded as one of the favourites for this year's prestigious prize, while the likes of France, Portugal, Spain, the Netherlands and host nation Germany are also in contention to go all the way.

Euro 2024 began on June 14 when Germany thrashed Scotland 5-1 in their Group A opener, and the tournament runs until the final on July 14. Euro 2024 will feature a total of 51 games, including 36 in the group stage and 15 more in the knockout rounds.

While one nation will celebrate a career-defining moment when they lift the Henri Delaunay Cup at Olympiastadion Berlin, every team will be battling for large sums of prize money throughout the tournament.

Here, Sports Mole takes a look at UEFA's prize money distribution system and how much each nation could earn from this summer's prestigious event.

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Following the approval of the UEFA Executive Committee in December last year, the amount for distribution to the participating teams at Euro 2024 has been confirmed at a total of €331m (£282.87m) - the same as Euro 2020.

Before a ball was even kicked, the 24 nations that successfully qualified for Euro 2024 automatically received €9.25m (£7.93m).

Each team who won a group-stage game will receive a match bonus of €1m (£860,000) and €500,000 (£429,000) will be handed out for each draw, while there is no prize money awarded for a defeat.

Scotland, Albania, Poland and Czech Republic have all pocketed the least amount of prize money (€9.75m/£8.36m) at Euro 2024 after they all accumulated just one point in the group stage, losing twice and drawing one. The minimum a nation could have earned is €9.25m (their participation reward) if they had lost all three of their group-stage matches.

Every nation that advanced to the round of 16 will receive €1.5m (£1.29m). Those nations were: Germany, Denmark, Switzerland, Italy, England, Slovakia, Spain, Georgia, France, Belgium, Portugal, Slovenia, Romania, Netherland, Austria and Turkey. All 16 nations knew that the reward for going deeper into the tournament would increase each round.

Teams that have reached the quarter-finals will receive €2.5m (£2.14m). Those nations are: Germany, Spain, Portugal, France, Switzerland, England, Netherlands and Turkey. A €4m (£3.43m) prize will then be awarded to those that progress to the semi-finals, while the champions of Euro 2024 will receive €8m (£6.86m). As for the losing finalist, they will go away with €5m (£4.29m).

At the time of writing, Spain are the only remaining nation who boast a 100% record and they are still on course to earn the maximum of €28.25m (£24.23m) if they win every game en route to winning the tournament.