Esports World Cup to feature over $60 million Prize Pool

Published: Apr 16, 2024

The Esports World Cup Foundation has today (Tuesday, Apr. 16) announced that the total prize pool for the inaugural Esports World Cup in Riyadh, Saudi Arabia, will be over 60 million dollars. In a release distributed to the press, the Esports World Cup revealed the enormous sum, stating that it had broken the record for the largest prize pool ever awarded at an esports tournament.

As part of what the official announcement dubbed “life-changing prize money,” $30 million+ will be earmarked for tournament winners specifically. Additionally, $50,000 will be awarded to MVPs in each competition. And over $7 million will form prize pools for the qualifier tournaments. This reportedly makes up a total of $20 million to the top 16 clubs based on their overall performance.

The event, which is organized and funded by the Saudi Arabian government, will feature 19 games, including, Apex Legends, Counter-Strike 2, Dota 2, EA Sports FC 24, Fortnite, Free Fire, Honor of Kings, League of Legends, Mobile Legends: Bang Bang, Overwatch 2, PUBG Battleground, PUBG MOBILE, Tom Clancy’s Rainbow 6 Siege, ESL R1, Rocket League, StarCraft II, Street Fighter 6, Teamfight Tactics and TEKKEN 8.

esports world cup prize pool
Image: Esports World Cup Foundation

The sum falls short of the record for an individual esports tournament with a single game title, a record still held by Dota 2’s The International 21 with its over $40 million prize. However, across multiple events, the EWC easily surpasses the record of $45 million set by last year’s Gamers8

In a statement posted on LinkedIn, Ralf Reichert, CEO of the Esports World Cup Foundation talked up the magnitude of this announcement:

“A truly life-changing number. It’s about uniting the world’s best athletes across the best games giving fans the incredible competitions they deserve under one umbrella that uplifts the meaning of esports competition. Above all, it’s a true testament to our commitment to helping leapfrog the industry, provide sustainable career options for athletes, and support Clubs worldwide.”

This enormous number further puts the Esports World Cup on the map. Already a dramatic statement about Saudi Arabia’s intentions in the esports space, now the EWC seems set on cementing itself in the annals of history as well.

Closing out their release, the Esports World Cup Foundation stated it has “activated in Las Vegas to highlight the tournament’s confirmed games, marquee athletes and the world’s best Clubs.” This activation included taking over Las Vegas’ iconic Sphere with an advertisement for the Esports World Cup.

The Esports World Cup is a multi-week gaming tournament and festival in Riyadh, Saudi Arabia. Set to run from July 4 to August 24, the event will be organized by elements of the Savvy Gaming Group, a subsidiary of the Saudi Arabian Public Investment Fund.

Michael Hassall

Since: January 31, 2024

Michael has worked in the esports industry for five years after a brief career in marketing. A professional writer for almost a decade, and a lifelong gamer, writing about esports is his one true passion, when he’s not glued to a screen playing the games he writes about.

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