https://www.gameinformer.com/the-game-awards-2018/2018/12/06/wizards-of-the-coast-announces-10-million-dollar-prize-pool-for

Announced at The Game Awards 2018, Hasbro and Wizards of the Coast are dedicating a 10 million dollar prize pool that will span both digital and physical Magic: The Gathering, including Magic: The Gathering Arena.

The Magic Pro League includes contracts worth $75,000 for players/streamers and will feature them in a variety of events. The first $1 million dollar tournament kicks off at PAX East in 2019.