The 2025 prize payout, based on 40 teams. Prize payout will be adjusted based on total number of teams competing. The Emo Walleye Classic pays out 100% of all prizes from the entry fees and all awards are paid out by their respective sponsors.
| 1st Place | $10,000 |
| 2nd Place | $5,000 |
| Third Place | $2,500 |
| Fourth Place | $1,500 |
| Fifth Place | $1000 |
| Hot Seats The team in first place before the top ten teams weigh-in sit in the hot seat chairs. They will receive $50 each time they remain in first place after a top ten team weighs-in. If a team takes first place they replace the current hot seat team until the final team weighs in or the weigh-ins are completed. | $550 |
| Nevin Bonot Early Bird Draw – Deadline was February 28th – Emo Walleye Classic This award is randomly drawn from teams that pay their entry fee in full by February 28th. The winner of this award is drawn Thursday night at the rules meeting. | $500 |
| Rick Thompson Award – Vernon and Darwin Thompson Awarded to a randomly drawn team that is still present after all other awards have been given out. Both team members must be present to receive this award. Rick loved this tournament and loved to socialize. | $500 |
| Junior Angler Award – Barker Logging Awarded to the top finisher in the tournament that has a combined age of less than 50. | $500 |
| Most Improved Award – Pro-R Plumbing Awarded to the team that has the greatest position improvement between day one and day two of the tournament. | $500 |
| Elmer Haglin Family Award – Keith Smith Awarded to the top finishing team whose two members are grandparent/grandchild or parent/child. | $250 |
| Rookie Award – Emo Walleye Classic Awarded to a randomly drawn team that has a member that has never fished in the tournament before. | $250 |
| Hidden Weight Day One – Fort Frances Times A weight is randomly chosen by the Fort Frances Times before the tournament and whichever team gets the closest weight on day one are awarded the prize. | $250 |
| Hidden Weight Day Two – Fort Frances Times A weight is randomly chosen by the Fort Frances Times before the tournament and whichever team gets the closest weight on day two are awarded the prize. | $250 |
