Georgia qualified for Euro 2024 thanks to a 4-2 shootout win over Greece after a tense playoff final ended 0-0 following extra time on Tuesday as they made history by reaching their first major tournament.

The team will be paid 9.25 million euros from UEFA for playing in the championship. This amount will be paid for all participants of the European Championship.

UEFA said Saturday it will pay 331 million euros (USD 360 million) in total prize money to the 24 national teams at the men's European Championship that is expected to earn about 2.4 billion euros (USD 2.61 billion) in commercial revenue. 

The team prize fund is in line with the pandemic-delayed Euro 2020 and 20 times more than UEFA's prize fund for the women's Euro 2022.

The national federation of the Euro 2024 title winner can get a maximum of 28.25 million euros if the team wins all three games in the opening group stage, the European soccer body said ahead of the tournament draw.

Each of the 24 teams gets a minimum of 9.25 million euros for playing at the month-long tournament in Germany that starts June 14.

Clubs will share in a further 240 million euros from UEFA for releasing their players to national-team duty. They get a daily rate of several thousand euros per player while they are with national teams for qualifying games and at Euro 2024 itself.