The International Cricket Council on Monday, announced a record prize pool of USD 11.25 million (approx INR 93.5 crore) for the 2024 T20 World Cup. The champions will take home at least USD 2.45 million (approx INR 20.36 crore), while the runners-up will receive at least USD 1.28 million (approx INR 10.36 crore). The semi-finalists who do not advance will each receive USD 787,500. In contrast, the previous edition in 2022 had a total prize money of USD 5.6 million, with the winners, England, receiving USD 1.6 million.
“The ninth edition of the ICC Men’s T20 World Cup will see the winners of the 20-team tournament earn at least $2.45 million, the highest prize money in the history of the tournament, along with the trophy that they will lift at Kensington Oval in Barbados on 29 June,” said the ICC in a statement.
The four teams that do not advance from the Super 8s will each earn USD 382,500. The teams finishing in the ninth, tenth, eleventh, and twelfth positions will receive USD 247,500 each. Participants finishing in the 13th to 20th places will each receive USD 225,000.
“And every team receives an additional $31,154 for each match they win barring the semi-finals and final,” the sport’s governing body added.
The 55-match event is scheduled to span 28 days, taking place across nine venues in the West Indies and USA, making it the largest T20 World Cup to date. A record-breaking 20 teams are participating in the competition, including debutants USA, Canada, and Uganda.
The tournament’s format will involve 40 first-round matches, with the top eight teams advancing to the Super 8s. Subsequently, four teams will qualify for the semi-finals, which will be held in Trinidad and Tobago and Guyana, culminating in the final match in Barbados.
“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,” said ICC Chief Executive Geoff Allardice.
