The 2024 T20 World Cup is underway in the USA and the West Indies. The fans are expected to receive some solid entertainment. What will the teams and the players get? Apart from the ICC silverware, the competition winner is expected to bag a big fat paycheque.
The prize money for the 2024 edition is out. A record prize money has been declared by the ICC for the champions.
- ICC has announced a record-breaking prize pool of US $11.25 million
- The winner is set to receive at least US $2.45 million
- The runners-up earn US $1.28 million
- The two losing semifinalists earn US $787,500 each
- An early exit in the second round fetches each team US $382,500
- Finishing between 9th and 12th spot will get $247,500 each
- For ranks between 13th and 20th will earn US $225,000
- For every match won, the team receives an additional US $31,154
Read the details here.
The winners are surely taking in a big chunk from the ICC pocket on June 29th in Barbados.
ICC Chief Executive Geoff Allardice said:
“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.”
The tournament kicks off with 40 matches in the first round, followed by Super8s. In the last comes the semifinal and the final, to be played in Trinidad, Guyana and Barbados.
A total of 20 teams divided into four groups are set to take on each other for the prestigious silverware. The ninth edition of the T20 World Cup promises fans some high-octane competition.
From Team India to West Indies to Australia to England, the ICC Prize money for the winners has constantly changed over the years. Here’s a quick look at how much the winners of the last eight editions of the ICC Men’s T20 World Cup have won since 2007.
ALSO READ: How does the ICC make money?
Team India Squad for ICC Men’s T20 World Cup 2024
Here’s the list of prize money won by the Champions over the years.
| ICC MEN’S T20 WORLD CUP PRIZE MONEY | ||||
| YEAR | WINNER | PRIZE MONEY | RUNNER-UP | PRIZE MONEY |
| 2007 | India | $1.2 million | Pakistan | $600,000 |
| 2009 | Pakistan | $800,000 | Sri Lanka | $400,000 |
| 2010 | England | $800,000 | Australia | $400,000 |
| 2012 | West Indies | $1.1 million | Sri Lanka | $550,000 |
| 2014 | Sri Lanka | $1.1 million | India | $550,000 |
| 2016 | West Indies | $1.6 million | England | $800,000 |
| 2021 | Australia | $1.6 million | New Zealand | $800,000 |
| 2022 | England | $1.6 million | Pakistan | $800,000 |
The last edition of the ICC Men’s T20 World Cup, held in Australia in 2022, saw England lift its title and walk away with a prize of $1.6 million.
Since the tournament’s commencement in 2007, the ICC T20 World Cup has become one of the most-watched competitions worldwide. The way it’s set up, who gets to play, and how much money is awarded has evolved over the years, showing how popular T20 cricket has become worldwide.
The ICC Men’s T20 World Cup 2024 will be a big party for cricket fans everywhere. The prize money for it will be $11.25 million, the highest ever. This means cricket is getting more popular and making more money. More spectators are expected to convert into fans when the event gets underway in the USA and the Caribbean.
The Sportz Planet Desk,
Atharva Shetye.
