Fifa confirmed in October 2017 that £302m would be shared between the 32 teams in Russia. The tournament winners will take home around £29m, while the runners-up will earn £21m.
But every team in the competition will receive a bonus just for reaching the finals. Each side is expected to rake in around £6m just for taking part.
Prize money per team at 2018 World Cup
Group stage – £6m
Last 16 – £9m
Quarter-finals – £12.1m
Fourth place – £16.6m
Third place – £18m
Runners up – £21m
Winners – £29m
Each player at the World Cup will get paid a match fee and a winning bonus system.
England will benefit from £5 million in bonuses if they win the World Cup – £215,000 per man.
But each team will pay a different bonus to their players.