The most anticipated sporting event of the year - The FIFA World Cup 2022 commences in Qatar on November 20. Over the course of a month, 32 teams will participate, with the final game scheduled for December 18. France, who won 4-2 over Croatia in the 2018 FIFA World Cup final, is the current World Cup champion.

The FIFA World Cup trophy, which costs an astounding €17 million, is the most expensive sports trophy in the entire world. Given how prestigious the competition is, that shouldn't be too shocking. The trophy is crafted of 18-carat gold and weighs 6.1 kilos.

Along with the trophy, the champion of the 2022 World Cup in Qatar will not only receive football's most coveted trophy, but also a huge sum of money, the champion would earn 42 million dollars in cash prizes, while the runner-up will take home $30 million. While this is going on, the teams that finished third and fourth will receive payouts of $27 million and $25 million, respectively. The sum is the most in the history of the event and is an increase of $4 million from the World Cup in Russia four years ago.

The prize money has increased in each of the previous competitions. France received $38 million for winning the 2018 World Cup, while Croatia came in second place and received $28 million. The winning team in 2014, 2010, and 2006 won $35 million, $30 million, and $20 million in prize money, respectively. The amount awarded to the winner has increased significantly, going from $8 million at the 2002 World Cup in Korea and Japan to more than $5 million now, and from $4 million at the 1994 World Cup in the United States to more than $10 million now.

The 32 nations that have advanced to the World Cup finals in Qatar will get compensation from FIFA totaling 440 million dollars, including prizes and participation bonuses. The amount has increased by 10% from 400 million dollars in Russia four years ago. The 16 nations that do not advance from the group stage will each receive $9 million. In addition to the prize money, each team will receive a 1.5-million-dollar allowance for making it to the World Cup finals.

Aside from the lucrative amount the participating countries would earn, the clubs who released their players in the middle of the season would not be left out, FIFA has announced that they will offer more than $200 million to the clubs that allow their players to compete in the competition. FIFA will distribute a total of 440 million dollars, with a maximum of 370,000 dollars will be paid per player.

Additionally, they made it known that any clubs where participants had made appearances in the two years prior to the competition would receive payment. According to FIFA, the FIFA initiative helped 416 clubs from 63 different nations after the previous World Cup.

FIFA is able to provide such "lavish payouts" of cash prizes and participation fees because the World Cup competitions brought in enormous sums of money from the sale of broadcast rights and ads, among other sources. Four years ago, the Russian World Cup brought in 5.5 billion dollars for FIFA. The organization's revenue greatly exceeds the sums paid out in prizes and allowances.

The opening ceremony for the Qatar World Cup will take place at Al Bayt Stadium in Al Khor on November 20. The opening match of the competition between hosts Qatar and Ecuador will be played after the ceremony, which will feature performances by BTS vocalist Jung Kook, Colombian artist Shakira, and American pop trio Black Eyed Peas.