If you finished the season 3 finale and you’re still asking who wins Squid Game season 3, the answer is unusual: the winner isn’t one of the main players you followed all series. It’s a newborn baby. Here’s how the final game gets there and what happens to Gi-hun.
Spoiler warning: this article reveals the full ending of Squid Game season 3.
📌 Key Takeaways
- The official winner of season 3 is Player 222, the baby born to Jun-hee during the games.
- Gi-hun (Player 456) sacrifices himself in the final round so the baby can live, and he dies.
- The 45.6 billion won prize goes to the baby, delivered by the Front Man to detective Jun-ho.
This article is for: anyone who wants a clear answer on who actually wins season 3 and how the last game plays out.
For the rest of our Squid Game coverage, the hub page orders all five guides by spoiler level.
The Final Three
The last game, played on tall platforms high above the ground, comes down to three: Gi-hun (Player 456), Myung-gi (Player 333), and the baby now entered as Player 222. The rules leave room for only one survivor.
Myung-gi, the baby’s father, tries to kill his own child to take the win. Gi-hun stops him, and the two fight on the platforms. Myung-gi falls to his death, which leaves just Gi-hun and the infant.
Who Actually Wins
With only Gi-hun and the baby left, someone still has to be the sole survivor for the game to end. Gi-hun refuses to let the child be killed. He chooses to sacrifice himself instead, and his last words to the watching VIPs are a version of “We are not horses. We are humans,” before he falls.
That makes the baby, Player 222, the official winner of the game. The prize is 45.6 billion won, the same jackpot size as the very first season.
What Happens to the Prize Money
After the games, the Front Man (Hwang In-ho) takes the baby and the winnings. Detective Hwang Jun-ho later comes home to find the infant left in his apartment with a note marking her as “Player 222. Winner,” along with a card holding the full prize. Jun-ho becomes her guardian and the adult managing the money on her behalf.
And Gi-hun’s Original Winnings
The finale also closes the loop on Gi-hun’s money from season 1. The Front Man quietly takes that cash, converts it, and flies to Los Angeles to find Gi-hun’s daughter, Ga-yeong. He tells her that her father is dead and hands her a box with Gi-hun’s bloodstained Player 456 tracksuit and a card carrying his remaining winnings.
So the season splits the money two ways: the baby is the legal winner of the new prize, and Ga-yeong ends up with what was left of Gi-hun’s original fortune.
One More Thing: The Game Isn’t Over
The finale doesn’t end on the winner. It closes with a scene in Los Angeles that hints the games exist beyond Korea, run by the same kind of organization. That coda reframes the whole “winner” question: no single champion ends the system, and the season makes a point of showing it carrying on somewhere else. If you want that final scene and its cameo unpacked, the full ending guide below goes into it.
The Short Version
Who wins Squid Game season 3? Player 222, the baby. Gi-hun doesn’t win and doesn’t survive. He ends the game by ending himself, so the child lives, and the show closes on that choice rather than a triumphant champion. If you want the full breakdown of the finale beyond the winner, the ending guide below covers it.
Sources
- Netflix Tudum — Squid Game season 3 ending explained
- Variety — Squid Game 3 ending explained
- People — Squid Game season 3 finale explained
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