Fifa has announced the FIFA world cup 2022 prize money, FIFA has increased this prize money up to 29% to 1$ billion.
440$ million from this amount will be distributed to the teams based on how they finished the world cup. The other 660$ million will be used for the security of players, low-developed leagues, and the club’s help.
Fifa World Cup 2022 Prize Money
As you know, every year, the budget increases from the previous because sponsors pay more after the 2018 world cup because sponsors’ prize worth will be increased, and it is indeed a highly payable tournament in the world.
FIFA has stated that a total of $1 billion would be assigned to football leagues from across the world that have qualified for the FIFA world cup and those who did not.
Hence, 440$ million are set for the final match which is 40$ million more than the last world cup final match.
Prize Money Distribution System
FIFA also informed how the world cup prize money 2022 will be divided up along with the release of the final prize money pool.
The prize money has divided into 4 payment segments:
|Fifa World Cup Prize Money 2022||440$ Million|
|Payments for preparation||70$ Million|
|Program for Club Benefits||310$ Million|
|Club security and insurance charges||220$ Million|
Prize Money For 2022 World Cup Final
Prize money for the FIFA World Cup is distributed among teams using 2 different payment structures.
2) Performance-Based Payments: The team will receive more prize money the higher their team finishes in the 2022 World Cup.
List of Prize Money for the 2022 World Cup
|Third Place||$26 million|
|Fourth Place||$22 million|
|Quarterfinals Losing Team||$16 million|
|Round of 16||$12 million|
|Group Stage 16 teams||$8 million|
|Participation Fee (All teams)||$2.5 million|
Why FIFA 29% Increase the World Cup Prize Money
World Cup Prize Money in Different Nations Currencies
The table that converts USD million to some of the most used currencies throughout the world is shown below:
|Currency||Million USD Equivalent|
|United States Dollar, $ (USD)||45$ Million|
|Pakistani Rupee (PKR)||10,834,195,500.00|
|British Pound Sterling, £ (GBP)||£41,442,187.50|
|Indonesian Rupiah (IDR)||680,044,500,000.00|
|Japanese Yen, ¥ (JPY)||6,451,942,500.00|
|Bangladeshi Taka (BDT)||4,668,781,500.00|
|Indian Rupee (INR)||3,656,497,500.00|
|Russian Ruble (RUB)||2,623,500,000.00|
|South African Rand (ZAR)||$806,680,800|
|Saudi Riyal (SAR)||169,300,710.00|
|United Arab Emirates Dirham (AED)||165,289,500.00|
|New Zealand Dollar (NZD)||$78,335,820.00|
|Australian Dollar, $ (AUD)||$68,933,835.00|
|Singapore Dollar (SGD)||64,346,625.00|
|Canadian Dollar, $ (CAD)||$61,213,050.00|
|Euro, € (EUR)||€ 46,441,350.00|
|Swiss Franc, Fr (CHF)||44,148,361.50|
|Kuwaiti Dinar (KWD)||13,947,750.00|
$45 million will be paid to the team who wins the final. $32 million for runners-up.
yes. Every squad that makes it to the 2022 World Cup will get a guaranteed payment of $2.5 million.