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Riot Games and the League of Legends team have announced that the total prize purse for the Season 2 World Championship and Regional Finals totals $3,000,000, with over $5,000,000 in prizes leading up to the finals.
The next phase will be a series of regional championships to determine the twelve teams which will compete in the World Championship at the University of Southern California’s 250,000 square foot arena:
Mainland China: July 26 - Shanghai, China at China Joy - 2 teams
Europe: August 16 - Cologne, Germany at Gamescom - 3 teams
North America: August 31 - Seattle, United States at PAX Prime - 3 teams
Korea: September 21 - Seoul, Korea at the OGN eSports Stadium - 2 teams
Taiwan/Hong Kong/Macau: September 22 - Taipei, Taiwan at G1 - 1 team
Southeast Asia: September - Singapore at Garena Carnival - 1 team
Read more on the League of Legends site.