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Organized by the Esports World Cup Foundation – and with the latest details announced on Tuesday – the EWC will bring together gamers, publishers and fans from across the world under one roof for an eight-week competitive gaming bonanza in Riyadh, Saudi Arabia.

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Clubs will be able to choose which games they participate in before the best performing team across the various championships will be crowned the ultimate Esports World Cup champion for the very first time.

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It also comes after a difficult period in which the industry saw large-scale layoffs, which included game developer and publisher Riot Games letting11% of its workforce goat the start of the year.

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“Setting the record for largest esports prize pool is a remarkable achievement, but what I’m most proud of is the positive message this sends to the wider esports and gaming community,” Reichert said in a statement.

“More than $60 million is a testament to our investment in the future of global esports, a commitment to esports fans who deserve exceptional events and an extension of our mission to create meaningful competitive opportunities with life-changing prize pools for esports players everywhere.”

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Organizers say the EWC will not be funded by Saudi Arabia’s Public Investment Fund (PIF) but instead be made up of a combination of the host nation’s funding and sponsorship deals.

In 2023, Saudi launched ‘The National Gaming and Esports Strategy’ (NGES) which hopes to make the country the center of the competitive gaming world by 2030.

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