Example: EURO 2024 Bonus Pool Payouts

Payout Per Key Scenario for EURO 2024 with France Winning

Given the assumptions:

• France wins

• France and Germany are the final 2

• France, Germany, Netherlands, and Spain are the final 4

• Final 8 teams include France, Germany, Netherlands, Spain, England, Portugal, Belgium

Breakdown of Payouts

Current Bonus Pool

• Initial Bonus Pool: $100,000

• Current Bonus Pool: $111,000

Payout Structure

1. Final 8 Teams: 20% of the bonus pool when final 8 are known.

2. Final 4 Teams: 25% of the remaining bonus pool when final 4 are known.

3. Final 2 Teams: 40% of the remaining bonus pool when final 2 are known.

4. Winning Team: 100% of the remaining pool when the winner is known.

Teams and Key Counts

• England: 11,000 keys

• France: 11,400 keys (Winner)

• Germany: 10,300 keys

• Spain: 8,000 keys

• Portugal: 7,700 keys

• Netherlands: 6,000 keys

• Belgium: 4,700 keys

Payout Calculations

Final 8 Teams Payout

• Total Payout: 20% of $111,000 = $22,200

• Remaining Pool: $111,000 - $22,200 = $88,800

Payout Per Key:

Country	Keys	Payout Per Key
England	11,000	$2.02
France	11,400	$1.95
Germany	10,300	$2.16
Spain	8,000	$2.78
Portugal	7,700	$2.88
Netherlands	6,000	$3.70
Belgium	4,700	$4.72

Final 4 Teams Payout

• Remaining Pool: $88,800

• Total Payout: 25% of $88,800 = $22,200

• Remaining Pool: $88,800 - $22,200 = $66,600

Payout Per Key:

Country	Keys	Payout Per Key
France	11,400	$1.95
Germany	10,300	$2.16
Netherlands	6,000	$3.70
Spain	8,000	$2.78

Final 2 Teams Payout

• Remaining Pool: $66,600

• Total Payout: 40% of $66,600 = $26,640

• Remaining Pool: $66,600 - $26,640 = $39,960

Payout Per Key:

Country	Keys	Payout Per Key
France	11,400	$2.34
Germany	10,300	$2.59

Winning Team Payout

• Remaining Pool: $39,960

• Total Payout: 100% of $39,960

Payout Per Key:

Country	Keys	Payout Per Key
France	11,400	$3.51

Total Payout Per Key for France (Winner)

• Final 8: $1.95

• Final 4: $1.95

• Final 2: $2.34

• Winner: $3.51

Total Payout Per Key for France:

1.95+1.95+2.34+3.51=$9.75 per key1.95 + 1.95 + 2.34 + 3.51 = \$9.75 \text{ per key}1.95+1.95+2.34+3.51=$9.75 per key

Summary Table

Country	Final 8 Payout	Final 4 Payout	Final 2 Payout	Winner Payout	Total Payout Per Key
England	$2.02				$2.02
France	$1.95	$1.95	$2.34	$3.51	$9.75
Germany	$2.16	$2.16	$2.59		$6.91
Spain	$2.78	$2.78			$5.56
Portugal	$2.88				$2.88
Netherlands	$3.70	$3.70			$7.40
Belgium	$4.72				$4.72

This table shows the payout per key at each stage of the competition for the fictional final 8 teams in our scenario, with France ultimately winning EURO 2024.