The Betfred Cup winners will receive a record £250,000 in prize money in the coming season after the Scottish Professional Football League announced a 15% increase in funding for the competition.
Prize money will range from £17,000 for the teams who finished bottom of their groups, up to £115,000 for the runners-up and the record total for the winners of the League Cup.
The total sum being paid out to clubs will be almost £2.1 million, of which £1.6m will be prize money with the rest being television revenue.
Clubs who have games televised live by BT Sport will share £25,000 per match in the group stages, rising to £43,000 in the knockout rounds and £64,000 in the final.
SPFL chief executive Neil Doncaster said: “Thanks to the support of all clubs, the Betfred Cup has been transformed into a truly exciting and innovative competition.
“We’re thrilled it has been further boosted by this significant increase in prize and television money, firmly cementing the Betfred Cup as a key competition in Scottish football.”