Monday, October 5, 2026

2026 World Cup: FIFA announces $50 million prize for winner, $10.5 million for each qualified nation

The monetary incentives approved by the FIFA Council are 50 per cent more than the amount shared by the 32 teams that participated in the last World Cup.

• December 17, 2025
2026 FIFA World Cup
2026 FIFA World Cup

Football governing body FIFA has announced a record-breaking $727 million financial reward for participating nations in the 2026 FIFA World Cup in North America.

“The FIFA Council met ahead of the FIFA Intercontinental Cup final in Doha, Qatar, and took key decisions in relation to the development of youth football and governance matters,” the governing body said in a statement on Wednesday.

The statement added, “With excitement mounting following the final draw that took place on 5 December 2025 in Washington, DC, the FIFA Council approved a record-breaking financial contribution of $727 million to be distributed as a result of the FIFA World Cup 2026.”

The monetary incentives approved by the FIFA Council on Wednesday are 50 per cent more than the amount shared by the 32 teams that participated in the last World Cup in Qatar.

Of the total fund, $655 million has been set aside as reward payments for the 48 participating teams, based on their performance in the tournament, with the eventual champions walking away with a whopping $50 million.

The runners-up will receive $33 million, $29 million for third place, $27 million for fourth place, $19 million each for teams that finished fifth to eighth, and $15 million each for the ones that placed ninth to 16th.

Meanwhile, teams that finished between 17th and 32nd place are set to be rewarded with $11 million each, and teams that finished 33rd–48th are set to receive $9 million each.

In addition, each qualified team will receive $1.5 million to cover preparation costs, meaning that all participating member associations are guaranteed at least $10.5 million each.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Nigerian Bar Association

States

Independence: NBA urges Nigerians to expect better future

The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Politics

LG Elections: OYSIEC opens registration portal for ad hoc staff recruitment

Registration for the required positions will run from October 5 to October 20, 2026.

United States President Donald Trump

Diaspora

Trump moves to revoke U.S. citizenship of two Nigerians, 38 others

The prosecutors accused the 58-year-old of applying for immigration benefits under two different identities.

PRESIDENT BOLA AHMED TINUBU

Economy

Nigeria rises four places to eighth in 2026 Bloomberg Economics Investment Risk-O-Meter

The growth was attributed to the economic policies of the Tinubu administration.

Heading 4

Longest-serving Republican speaker Dennis Hastert, soiled by allegations of molesting high school athletes, dies at 84

The deceased, who was speaker from 1999 until 2007, was sentenced in 2016 to more than a year behind bars.

Taraba state governor, Darius Dickson Ishaku

Anti-Corruption

Witness reveals how funds were moved to private accounts in ex-Taraba governor’s trial

The judge adjourned the matter till October 6, 2026, for continuation of the evidence of PW3.

JAMB

Education

JAMB moves to adopt UTME centre in Canada for 2027

The board said the centre would enable eligible Nigerians living in Canada to take the UTME without travelling to Nigeria.