The Esports World Cup, which will take place in Saudi Arabia this summer, will be the biggest esports event of the year, at least in terms of money paid to players and clubs. The organization behind the event, the Esports World Cup Foundation, announced that it will have a prize pool of more than 60 million US dollars.

What's important in this announcement? First of all, of course, the number. While the esports industry has not been feeling well recently, such a cash injection can give a big boost. Secondly, the money will not go to the players alone. A third part of the prize pool will be allocated to the so-called Club Championship, a competition between the organizations across all nineteen titles. That's why we've recently seen some seemingly strange signings.

The Esports World Cup might be one of the most important initiatives when it comes to moving the balance of power between tournament organizers, clubs and players. However, players will have money as well, as 30 million dollars will go to the participants of 19 different tournaments, and more than 7.5 million will go to qualifiers, so everyone will be able to earn something. Finally, the battle for tournament MVP title will be fiercer than ever, as the best player of each of the 19 games will receive a $50,000 prize.

This announcement is huge, and its impact should not be underestimated. However, it will not fix the problems in esports alone. Yet it is an excellent step one.

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