Euro Cup 2016 France - Prize Money

Even though the prestigious European football tournament is mostly about national pride and sporting glory, the UEFA Euro Cup is also a big money making machinery. The interest on the old continent (and world-wide) for Euro Cup action is at record levels and, naturally, so is the tournament purse.
A total of €301m will be shared among the teams participating in the 2016 edition of the Euro Cup. This is a substantial increase from Euro 2012, which had a total purse of €196m and Euro 2008, which saw the participating nations share €184m in winnings. The Euro 2016 for the first time has 24 teams competing instead of 16, but the average earning potential for a team has still increased and we must assume the UEFA's portion of the cake has as well.
Here is the money breakdown for the Euro Cup 2016 in France:
All 24 participating teams will receive €8m.
During the group phase of the competition there is a €1m bonus for a win and €500k bonus for a draw.
The teams qualifying to the Round of 16 will receive €1.5m each.
The teams that make it to the quarter-finals will receive €2.5m each.
The four teams that qualify for the semi-finals will receive €4m each.
The winner will receive €8m, while the runner-up will receive €5m.

The earning potential for the winning team (if they win all their games) is €27m. Four years ago this figure totaled €23.5m.
What portion of the proceeds stays with the football associations and what portion gets funneled down to the players is different in every country.
Let the games begin!