The prize pool for this year's inaugural Club World Cup will be $1 billion, FIFA announced on Wednesday.
The 32-team tournament, set to take place in the U.S. from June 14 to July 13, is expected to generate $2 billion in revenue.
"The FIFA Club World Cup will not only be the pinnacle of club football, but also a vivid demonstration of solidarity that will benefit clubs at large to a scale that no other competition has ever done," said FIFA President Gianni Infantino in a statement.
"All revenue generated by the tournament will be distributed to the participating clubs and via club solidarity across the world as FIFA will not keep a single dollar. FIFA's reserves, which are there for global football development, will remain untouched."
The total prize pool for the 2022 Men's World Cup in Qatar was $440 million, while the 2023 Women's World Cup in New Zealand and Australia featured a prize pool of $110 million.
The Club World Cup will feature 12 teams from Europe, six from South America, and four each from Asia, Africa, and North and Central America, with Auckland City and Lionel Messi's Inter Miami completing the lineup.
Miami will kick off the tournament against Al Ahly at Hard Rock Stadium on June 14.
