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ICC announces $2.45 million cash prize for winner, largest in tournament history – Firstpost

Captains Gerhard Erasmus, Jos Buttler and Mitchell Marsh of Namibia, England and Australia respectively pose with the T20 World Cup trophy. Image credit: X/@T20WorldCup

The winner of this year’s T20 World Cup will take home the biggest prize money in the tournament’s history, the ICC announced on Monday.

According to figures released by the sport’s global governing body on Monday, the winner of the ninth edition of ICC’s premier T20 event will take home a whopping $2,450,000, while the runners-up will take home $1,280,000 to go.

That makes for a huge increase of $850,000, with England receiving $1.6 million after winning the 2022 edition in Australia. The walk also extends to the runners-up; Pakistan had received $800,000 in 2022, while the team that loses the final later this month will pocket another $480,000.

In addition, the losing semi-finalists will receive $787,500, compared to the $400,000 received by India and New Zealand, who lost to England and Pakistan respectively, two years ago. That doesn’t include a $31,154 bonus for each first-round and Super Eights match won.

The total prize money on offer for the T20 World Cup has doubled from $5.6 million in 2022 to $11.25 million this year, resulting in each team becoming a significant amount richer.

“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 hope will be an Out of This World event,” ICC chief executive Geoff Allardice said in a statement following the announcement.

However, the prize money for the 2024 T20 World Cup winner is less than the $4 million Australia had received after winning last year’s ODI World Cup in India. Australia had also won $1.6 million for winning the World Test Championship final at The Oval last year. In both the finals, the Pat Cummins-led Australians had defeated India.

The 2024 T20 World Cup got underway on Sunday with the US beating Canada by seven wickets in Dallas, Texas and co-hosts West Indies, handing Papua New Guinea a five-wicket loss in Guyana the next day.

While the US and West Indies will co-host the tournament during the group stage, marking the first time a global cricket event involving the top sides will take place on US soil, the Caribbean will host both the Super Eights and the knockouts, including the final on June 29.

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