Nodwin Gaming has revealed the prize pool distribution of the BGMI Masters Series (BGMS) Season 3. This third-party tournament has a total prize money of ₹1 crore and is being hosted in Delhi. The winning club will go home with a cash prize of ₹55 lakh, while the second-ranked team will walk away with ₹15 lakhs in prize money.The Playoffs are currently underway, where 16 teams are contesting against each other for 12 spots in the Masters Finals. The initial two stages, Opening Week and League Stage, have already been completed. Reckoning, Global Esports, CarpeDiem, and Gods Reign have captured their spot in the Finale through the League Stage..Prize pool distribution of BGMS Season 3Prize pool distribution of BGMI Masters Series Season 3 (Image via YouTube/Nodwin Gaming)Out of the total prize pool of ₹1 crore, ₹99 lakh will be distributed among 20 teams based on their rankings in the Masters Series. While the remaining ₹1 lakh will be awarded to the most valuable player in the tournament.First Place - ₹55 lakhSecond Place - ₹15 lakhThird Place - ₹7.5 lakhFourth Place - ₹3.5 lakhFifth Place - ₹2.5 lakhSixth Place - ₹2 lakhSeventh Place - ₹1.75 lakhEighth Place - ₹1.75 lakhNinth Place - ₹1.5 lakh10th Place - ₹1.5 lakh11th Place - ₹1.25 lakh12th Place - ₹1.25 lakh13th Place - ₹1 lakh14th Place - ₹1 lakh15th Place - ₹75,00016th Place - ₹75,00017th Place - ₹25,00018th Place - ₹25,00019th Place - ₹25,00020th Place - ₹25,000The bottom four teams of the Opening Week, who were eliminated from the BGMS S3, didn't get a share of the prize money. The bottom four teams of the ongoing Playoffs Stage, who will be knocked out of the event, will receive ₹25,000 each.The total prize pool of the BGMS Season 1 was around ₹1.52 crore, out of which the winner, Global Esports, earned approximately ₹26 lakh. GodLike and Orangutan secured ₹15 lakhs and ₹10.5 lakhs, respectively. The inaugural edition had many additional awards, including MVP, Hunger Cure, Eliminator, and Damager.The BGMS Season 2 had a total prize money of ₹2.1 crore. Gladiator Esports emerged as champions, winning a massive ₹1 crore cash prize. Orangutan and Velocity Gaming achieved second and third positions, earning ₹35 lakhs and ₹12.5 lakhs, respectively. View this post on Instagram Instagram PostThe Grand Finale of the BGMS Season 3 will be hosted from August 9 to 11, where the top 16 teams will battle it out for the prestigious title and a share of the total prize money.