The 32 teams playing in the World Cup in Russia are competing for more than just international bragging rights.
FIFA, soccer’s international organizing body, will award a total of $400 million in prizes to the various national teams, based on their performance. Each team is guaranteed at least $8 million, even those eliminated after the tournament’s opening group stage.
Teams eliminated from the last 16 will get $12 million. Quarterfinalists will earn $16 million, followed by $22 million for the fourth-place team, $24 million for the third-place team and $28 million for the nation that finishes as runner-up.
The championship country earns a $38 million share of the prize pool, up from the $35 million Germany received for winning the 2014 World Cup in Brazil. The overall prize pool of $400 million increased from $358 million four years ago.
The World Cup’s prize pool is a minor expense for FIFA, which expects to pull in more than $6 billion for the four-year cycle that includes this year’s global tournament. FIFA is projected to net $100 million in profit over the same period.
FIFA’s revenue is largely derived from its deals with various corporate sponsors and lucrative television-rights deals. The Switzerland-based body has mostly recovered from the corruption scandal that marred several top officials and forced the 2015 removal of longtime FIFA president Sepp Blatter.
The 2018 World Cup will take place across 11 Russian cities through mid-July.