Nyon: UEFA says the winner of the 2012 European Championship will receive up to €23.5 million ($33.5 million).
European football's governing body agreed at its executive committee meeting to put aside €196 million to split between the 16 finalists, an increase of €12 million from Euro 2008.
Each team will receive €8 million for qualifying.
In the group stage, UEFA will give teams €1 million for wins and €500,000 for draws, while the third-place team picks up a €1 million bonus.
The quarterfinalists will receive €2 million, the semifinalists €3 million, the runners-up €4.5 million and the winner €7.5 million.
UEFA also announced Friday that players who have made 100 appearances for their countries will receive a commemorative cap and medal.