T20 World Cup vs UEFA Euro: Two of the world’s biggest sporting events overlap, and sports fans can’t stay calm. The T20 World Cup has already reached the middle phase. The Euro 2024 kicks off in Germany on June 14 and will last for a month. Both these events have some high-profile athletes looking to win the silverware. However, along with the trophy, comes a prize money that cannot be overlooked. This begs the question – which tournament has the bigger prize money: T20 World Cup vs UEFA Euro?
Also Read: 2024 T20 World Cup: How much money does the ICC make?
Euro 2024: Prize Money Breakdown
The prize money for Euro 2024 is out. The prize money is a significant aspect of the UEFA European Championship. It acts as a motivation for the players but also displays the importance and scale of the event. Right from the group stage to the final, the stakes are high, making every game significant for the participating teams.
How much is the Euro 2024 Prize Money?
The total prize money for UEFA Euro 2024 is €331 million. There has been no change in the prize money since the 2020 edition. The money is distributed amongst all the participating 24 teams. The winner of the tournament walks away with €8 million. The second-best team in the tournament will end up with €5 million.
| Tournament Stage | Prize Money |
| Group Stage Win | €1 million |
| Group Stage Draw | €500,000 |
| Round of 16 | €1.5 million |
| Quarterfinal | €2.5 million |
| Semifinal | €4 million |
| Runner-up | €5 million |
| Winner | €8 million |
| Participation Fee | €9.25 million |
However, the maximum a team can win at Euro 2024 is €28.25 million. For this to happen, the team will have to win all their group stage matches, the Round of 16 clash, the quarter-final, the semi-final, and the final. In addition to the prize money, the winner also adds a participation fee of €9.25 million.
What about the 2024 T20 World Cup?
Euro 2024 indeed is distributing huge amounts of money. However, the T20 World Cup organizers – the ICC is not far behind. Right before the start of the tournament, the ICC revealed the prize money for the T20 extravaganza. Along with the ICC silverware on June 29 in Barbados, the winning team will also take a huge sum of prize money.
The prize money pool for the 2024 T20 World Cup is US $11.25 million for all the 20 participating teams. The tournament’s winner receives a cheque of US $2.45 million, while the runner-up rakes in $1.28 million. The final of the tournament will be played in Barbados on June 29, 2024.
| Tournament Stage | Prize Money (US $) |
| For every match won (applicable on all teams) | $31,154 |
| Finishing: 13-20 (each team) | $225,000 |
| Finishing: 9-12 (each team) | $247,500 |
| Early Exit – Super 8s (each team) | $382,500 |
| Two Losing Semifinalists – each | $787,500 |
| Runner-up | $1.28 million |
| Winner | $2.45 million |
As depicted in the table, the better you perform, the more prize money you will earn at the 2024 T20 World Cup. There is a significant amount of money on every step. All you need to do is to win matches, and the money will keep rolling into your bank accounts. You may read the full details here.
UEFA Euro or T20 World Cup – The Final Verdict
The European Championships Prize Money of €9.25 million for the winners is far ahead of the €2.25 million for the T20 World Cup champions. This gap is largely due to the popularity of the sport, the accessibility, and of course the sponsors.
Whatever the prize money, one thing is for sure both the T20 World Cup and the Euro Championships will exhilarate, enthrall, and entertain audiences for the next four weeks. May the best team win the competition.
