How much prize money each team will make at Euro 2020

Martin Macdonald

• Updated: 23 May 2023 08:47 CDT

The 2020 European Championship will take place over June and July of 2021, having been rescheduled from the previous year due to the pandemic.

Though prize money is generally thought to be something that impacts only clubs around the world, nations receive big money for winning tournaments, too.

READ MORE: Euro 2020: Ranking the 24 teams competing at the tournament

Not only that, but the further a nation goes, the more money they will naturally receive, so it is within their best interests to progress through the rounds not just for success on the pitch but also increased financial stability.

For Euro 2020, the overall prize money has increased by 23% to €371 million.

How much will teams receive for qualifying?

All 24 teams who have qualified for the Euros will receive €9.25m.

How much will teams receive for group stage results?

If a team records a victory in the group stage, they will receive €1.5m. If they earn a draw, they will receive €750,000.

How much will teams receive for the last 16?

Each of the 16 teams who qualify for the first knockout stage of the tournament will receive €2m.

How much will teams receive for the quarter-final?

Each of the eight teams who qualify for the quarter-final of the tournament will receive €3.25m.

How much will teams receive for the semi-final?

Each of the four teams who qualify for the semi-final of the tournament will receive €5m

What is the prize money for winning Euro 2020?

The winners of Euro 2020 will receive a prize of €10m, while the runners-up will receive a reward of €7m.

If a team were to win every single game of their European Championship campaign this summer, the maximum prize money they would receive is €34m.

The maximum for the 2016 Euros, won by Portugal, was €27m.