VALORANT Champions 2021 and 2022 both featured $1 million prize money.
The third placer will be awarded $250,000 while the fourth placer will get $130,000.
The rest will be spread out to the remaining teams.
There are 16 teams vying for the VALORANT Champions 2023 title.
It took a while for the prize pool of the biggest tournament of the year to be revealed.
Before VCT Masters Tokyo, its iterations had prize pools that varied from $600,000 to $690,000.