FIFA World Cup 2018 prize money (Record 40% increase confirmed by FIFA)

FIFA has announced the 2018 FIFA World Cup prize money pool where they have allocated a record $791M for prize money, payments to clubs and player insurance fees. That’s 40% increase in the total contribution compared to 2014 World Cup where total contribution was $564M.

($400M will be purely awarded to 32 national federations according to how they finish in the tournament where eventual FIFA World Cup 2018 winners will pocket $38M.
While $209M will be used for the Club Benefit Programme (for clubs who release their players for world cup), the remaining $134M will be insurance fee for clubs whose players get injured during world cup.

Teams eliminated from the group stage will pocket $8M each. First knockout stage losing teams will get $12M each while quarterfinal losers get $16M. Fourth-placed team will get $22M, third place $24M, losing finalists pocket $28M and the winners will take home as much as $38M.

FIFA WORLD CUP PRIZE MONEY HISTORY
Over the last five World Cups, FIFA has increased the prize money with every tournament. Back in 2002, total prize money pool for World Cup was $154M, followed by $262M in 2006 World Cup. $420M in World Cup 2010, followed by biggest increase in 2014 World Cup when FIFA handed out $564M in prize money, insurance and payments to clubs.

The World Cup is FIFA’s flagship event and 85% of the organisation’s revenue comes from World Cup taking place every four years. FIFA announced that depending on the revenues, they expect to increase prize money pool for each of the next four world cups.

FIFA Revenue details
FIFA made $4.8B during the 2014 World Cup while the total expenses were around $2.7B resulting in $2.1B profit.

FIFA World Cup 2014 total revenue included $2.4B in TV rights, $1.5B in sponsorship and commercial activities around 2014 World Cup while ticket sales generated another $550M for FIFA.

While costs included $576M in prize money and insurance payments for clubs, another $370M in TV production, $470M was invested to help organise the 2014 World Cup and another $100M was handed to the Brazilian FA as ‘Legacy’ payment.