The winner of the 2024 Africa Cup of Nations will receive a record seven million dollars (6.4 million euros), according to a statement released by the Confederation of African Football (CAF) on Thursday.
It is 40% more than Senegal received for winning the previous tournament in Cameroon two years ago.
The runners-up in Ivory Coast, which will host the best African football competition from January 13 to February 11, will receive $4 million.
According to the announcement, losing semi-finalists receive $2.5 million apiece, and quarter-finalists receive 1.3 million each.
The Ivory Coast, together with 23 other countries, including Egypt, will compete for glory in the West African country.
Two-time champions Ivory Coast play Guinea-Bissau, without a win in three previous appearances, on January 13 in the tournament opener at the 60,000-seat Alassane Ouattara Stadium in Abidjan.