But that sum pales in comparison to the cost of even getting nominated: as entertainment awards site Gold Derby editor Tom O'Neil told The Daily Beast , it's big business.
"It's odd to think that Hollywood would spend more than $US30 million a year to win a fake gold statuette that costs $400 to manufacture ... But it's a place in the history books, the approval of your peers. It's a pat on the back they crave."
THE AWARD FOR THE MOST EMMYS GOES TO ...
Unsurprisingly, the incredibly popular Saturday Night Live has won the most Emmys of any individual TV show.
Over its 42-year history, the show has racked up a total of 231 nominations and 52 wins.
But coming in close behind is the Academy Awards, racking up 46 wins out of 220 nominations (as of 2014.)
The Oscars broadcast usually averages nine Emmy nominations per year in various technical categories, as well as nods for the host and the program itself.
THE CHARACTER OF DR FRASIER CRANE MADE EMMYS HISTORY
Actor Kelsey Grammer managed to snag Emmys nods for the same character across three shows - making him the only actor to ever do so.
The insanely popular Dr Frasier Crane was nominated for Cheers, Wings and Frasier.
(In fact, Frasier was such a hit that the show won 37 times from 108 nominations across its 11-year run.)
THE EMMYS ARE NAMED AFTER A CAMERA TUBE
The word Emmy refers to the statuette handed out to TV's big winners, but the actual name comes from a camera tube called an image orthicon - known to those in the industry as Immy.
Once the Academy of Television Arts and Sciences settled on the design of the statuette (a winged woman holding an atom), they modified Immy to the more feminine Emmy.
The Emmy's will be on Sky's Vibe channel from 2pm this afternoon.