Denmark's players will receive a bonus of 3 million kroner ($504,000) each if they win the European Championship.
That's a more generous sum than that offered by Group B rival Germany, whose players have been promised a €300,000 (less than $400,000) bonus if they end up lifting the trophy.
The Danes are guaranteed 802,000 kroner each for qualifying for the tournament. The amount would nearly double if they reach the quarterfinals and rise to 1.9 million kroner if Denmark makes it to the semifinals.
A second-place finish would grant each player a bonus of up to 2.6 million kroner.
The amounts were announced by the Danish Football Federation as the team prepares for its opening match against the Netherlands on Saturday.