The biggest slice of FIFA's funding package for the North American showpiece - $655 million (£490m) - will be performance-based payments to 48 participating nations, with the champions taking $50 million (£37m) and the runners-up $33million.
"The FIFA World Cup 2026 will also be groundbreaking in terms of its financial contribution to the global football community," FIFA President Gianni Infantino said in a statement.
The 16 nations that fail to survive beyond the initial group phase will earn $9 million (£6.75m), while in addition, each qualified nation is entitled to $1.5 million (£1.1m) to cover preparation costs.
FIFA's Council also confirmed festival-style youth tournaments for under-15s open to all member associations to commence in 2026, with a boys' event followed by a girls' competition in 2027.
"In recent years, FIFA has stepped up its efforts to boost youth football," Infantino said. "This is a natural next step."
FIFA Council also confirmed that the 2028 Women's Club World Cup will be held from January 5th to January 30th.