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Has the highest per capita chess population in the world. A government-run lottery helps finance chess and handball tournaments. Iceland had 9 Grandmasters, 7 International Masters, and 16 FIDE masters in a country of only 250,000 inhabitants. It is the only country that has more grandmasters than international masters. Professional chess players receive a government state pension to support their chess playing. In 1997, Iceland staged the first national Internet championship in the world.