The Copa America 2024 is in full swing, and with it, the fight for both glory and a hefty financial reward. This year’s edition boasts a significantly increased prize pool, making participation and victory more lucrative than ever before. Here is the breakdown of prizes in the tournament.

Guaranteed Participation Fees

There are two key components to the Copa America’s financial offerings: participation fees and prize money. All 16 participating teams receive a guaranteed R36.4 million ($2 million) simply for taking part in the tournament. This ensures a baseline financial benefit for every nation involved.

Copa America Prize Money Pool

The real fireworks come with the prize money. According to reports, the total prize pool for 2024 is a staggering R1.3 billion ($ 72 million), more than double the amount awarded in 2021. This significant increase reflects the growing stature of Copa America, which this year features a joint hosting by the South American governing body CONMEBOL and their North and Central American counterparts, Concacaf.

Who Gets What? A Breakdown in Record-breaking Prize

So, how is this record-breaking prize money distributed? The biggest slice of the pie goes to the champion. The team that lifts the trophy will take home a cool R291 million ($16 million), a massive jump from the R97.5 million awarded to Argentina in 2021.

Even falling short of glory brings financial rewards. The runner-up will receive a hefty R127 million ($7 million), while the third-place team pockets R91 million ($5 million). Teams that reach the quarter-finals will also see their coffers boosted with an additional R54.6 million each.

Here’s a quick breakdown of the prize money structure:

Champion: R291 million
Runner-up: R127 million
Third Place: R91 million
Fourth Place: R72 million
Quarter-finals: R54.6 million (each team)
Participation Fee: R36.4 million (each team)

This increased prize money incentivizes strong performance throughout the tournament. With significant financial rewards on the line, expect every team to battle fiercely for every point and position. The Copa America 2024 promises not only exciting football but also a significant financial windfall for the top performers.