The International Cricket Council (ICC) on Monday announced a record-breaking prize money for the T20 World Cup of $11.25m. The T20 World Cup began on June 2.
The ninth edition of the T20 World Cup is being hosted by West Indies and USA across 28 days where 20 teams are participating, making it one of the largest Cricket tournaments in recent times.
This year the winners of the T20 World Cup will receive a prize money of $2.45m which is the highest amount in the history of the tournament. the ICC stated in a media release.
Record Prize Money Declared for T20 World Cup 2024
— Pankaj Srivastava (@ipankajsri) June 3, 2024
The ICC has announced a record-breaking prize fund of $11.25 million USD for the Men’s T20 World Cup 2024, with the winners set to receive at least $2.45 million. This is the highest amount ever awarded in the tournament's… pic.twitter.com/bRXlJgSitA
The runners-up will get at least $1.28 million, while the losing semi-finalists will get $787,500 each. Teams failing to progress past the second round will receive $382,500 each, and those finishing between ninth and 12th place will earn $247,500 each.
Teams ranked from 13th to 20th place will each get $225,000. Further, every team will be awarded an additional $31,154 for each match won during the tournament, excluding the semi-finals and finals.
The tournament will begin with 40 matches in the first round, followed by the Super 8s and finishing in the semi-finals, which will be held in Trinidad and Tobago and Guyana.
The final match will be held at the Kensington Oval in Barbados, where the champions of the 2024 men’s edition will be decided.
this is one of the most historic events in Cricketing history, so we thought of why not increase the prize money for the teams and the winners, for our fans all over the World, will get a lot of entertainment from the players in what we are expecting the best event in Cricketing history of all times. Chief Executive Geoff Allardice said in a media statement.
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