Italy’s top-flight football federation said it had handed out €25.7 million to the winners of the 100th Women’s Eurovision Song Contest.
It was the second highest payout in the history of the contest, with the winner of the 2014 contest, the Swedish band Aftonbladet, receiving €17.7m.
Italy’s football federation announced the news after receiving €5 million from Lotto in the form of a grant.
The winner will be awarded €20,000.
The prize money was earmarked for scholarships and prizes for the winners and their families, as well as a prize for a top student.
The winning songwriter of the competition will receive €2,000 for the prize, while the songwriter who sang the most songs of the 20 songs will receive another €2.5 million.
The other winner of Eurovision, the Norwegian group Jorma, will also receive a prize of €1 million.
The two winners will then compete in a grand final in 2017.
The Eurovision song contest has been held every four years since it began in 1967, with Sweden winning in 2010 and Italy in 2013.
Italy has been the host country for Eurovision since 1997.