FIFA is planning a significant increase in prize money for countries participating in the FIFA World Cup, according to a new report by The New York Times.

Under the current structure, each of the 48 participating teams receives a minimum of $10.5 million, while the tournament winner takes home $50 million.

However, these figures are now expected to rise as FIFA anticipates generating more than $11 billion in revenue from the competition.The proposed increase reflects the growing commercial power of the World Cup, especially with the expanded 48-team format set to debut.

Higher revenues from broadcasting rights, sponsorship deals, and global fan engagement are driving FIFA’s move to boost financial rewards for participating nations.