A lot has been said in the build up to this year’s FIFA World Cup, with many citing a number of different aspects as a point of discussion. Naturally, the cost of the event is another that has been talked about a lot.
Indeed, it is perhaps unavoidable, as with a price tag of $220 billion, more than 20 times what Russia spent in 2018, the 2022 FIFA World Cup will be the most costly FIFA event ever.
Following the 2010 World Cup bid victory, Qatar has been erecting monuments to accommodate the region’s first World Cup, which is expected to draw 1.5 million people.
The massive cost rise can be attributed partly to new World Cup stadiums and infrastructure. On the contrary, the $4.3 billion cost of the 2006 World Cup in Germany seemed almost modest. Brazil had previously invested $15 billion in 2014, while South Africa had spent $3.6 billion four years ago.
Why is the 2022 World Cup Different in Qatar?
The stadiums cost between $6.5 billion and $10 billion to build, with the remainder of the $220 billion going toward infrastructure development, including creating an innovation center with hotels, a sophisticated metro network, and airports. Many of these, though, had been planned long before the country had been given the right to host of the event.
Nonetheless, with so many set to descend on the country, there is no denying that it is needed and are unavoidable. It is thought around 1.5 million people could be about to travel to the region for the tournament.
Indeed, while there are millions set to experience the competition in person, many will be enjoying the 2022 FIFA World Cup back at home, where they are able to enhance viewing in a variety of different ways.
Many will host viewing parties or go to local bars and pubs, while so many more will likely place bets on the competition. Indeed, the top Sport betting Canada platforms are already providing punters with a range of competitive odds and markets that they can utilize, to ensure they get the best experiences possible in a tournament that is fairly unique.
Due to its uniqueness in regard to the fact that it is being held in the winter, this could present a number of betting opportunities that punters may recognize and want to take advantage of.
Total Prize Money at World Cup 2022
In previous years, FIFA hasn’t shied away from awarding record-breaking prize money for the World Cup, and 2022 is no exception.
For this year’s edition of the major competition, $440 million has been set aside by FIFA as prize money, resulting in a $40 million boost from the last edition to have taken place. However, it is almost $100 million more than the $358 million that was made available in the prize pool in Brazil in 2014.
How much money will the 2022 World Cup winners receive?
In April 2022, FIFA announced that the Qatar World Cup victors would receive $42 million in prize money; thus setting a new record in the process.
This is a $4 million increase over the last tournament and maintains a 40-year trend of winners’ compensation envelopes increasing significantly, perhaps due to the commercial success that the competition has been able to continue to achieve.
Prize money at the World Cup 2022: How much will each team earn?
With so much money on the line, every team will leave Qatar much richer.
For simply turning up and playing, $1.5 million will be handed out, although this sum of money will be increased the further in the competition they get. Given the amount of money in the sport, the four teams that reach the semifinal will earn more than Italy did for winning the competition in 2006 when they beat France in a penalty shootout and Zinedine Zidane was sent off for his infamous headbutt.
How much money do World Cup players make?
Players benefit financially from participating in a World Cup as they are an important part of any winning team.
While base pay varies between national teams and between players, they do receive a portion of whatever prize money their team wins.
FIFA enables each team to determine how much each player receives. For instance, Germany offered to pay each of their players around $400,000 if they won the World Cup on home soil in 2006.
According to reports, Australia will pay each of its players AU$226,000 in 2022, with an additional $290,000 paid if they advance to the knockout stages.
Other countries are anticipated to provide their players with a little bit more or less than this sum, based on the financial position of each federation.
With the 2022 FIFA World Cup just around the corner, excitement is building for what is sure to be an incredible event. This year’s World Cup will be especially noteworthy, not only because it will be held in Qatar, but also because it will come with the biggest prizes in sporting history. With a total prize pool of $440 million, there is sure to be plenty of drama and excitement on and off the pitch.