The International Cricket Council (ICC) has unveiled an unprecedented prize pool of USD 11.25 million (approximately INR 93.5 crore) for the 2024 T20 World Cup. The International Cricket Council on Monday announced that winners of the ICC Men’s T20 World Cup will receive $2.45 million (around INR 20.36 crore) — record prize money for the tournament — from the overall $11.25m while the runner-up will receive $1.28m (approximately INR 10.36 crore). This marks a significant increase from previous tournaments, reflecting the ICC’s dedication to enhancing the financial rewards and prestige of the event.
Substantial Rewards for Winners
The 55-match event will be played over 28 days, across nine venues in the West Indies and USA, making this the biggest ICC T20 World Cup ever, ICC said that all participating teams will receive a minimum amount of $225,000.
Prize Distribution for All Teams
- Teams exiting after the Super 8s: USD 382,500 each
- Teams placed 9th to 12th: USD 247,500 each
- Teams finishing 13th to 20th: USD 225,000 each
- Additional match victory bonus: USD 31,154 for each win, excluding semi-finals and final
Tournament Scale and Format
This edition features a record 20 teams, including debutants USA, Canada, and Uganda. The format includes 40 first-round matches, leading to the Super 8s, followed by the semi-finals in Trinidad and Tobago and Guyana, and concluding with the final at Kensington Oval in Barbados on June 29.
Significant Milestone for Cricket
“This event is historic in so many ways so it is fitting that the prize money for players reflects that. Hundreds of millions of fans around the world will be entertained by the players in what we’re hoping to be an Out of This World event,” stated ICC Chief Executive Geoff Allardice.
