At Rs 20 cr, ICC announces highest ever prize money for T20 World Cup 2024 winners

This ninth edition will see 20 teams competing over 28 days across nine venues in the West Indies and USA, making it the largest event of its kind

The ICC Men's T20 World Cup 2024 winners will receive the highest amount in the tournament's history, according to a statement by International Cricket Council(ICC).  The ICC announced a record prize purse of $11.25 million for the 2024 T20 World Cup with the winners pocketing at least $ 2.45 million. The previous edition in 2022 had a total prize pool of $5.6 million with winners England receiving $1.6 million.

The ninth edition is witnessing 20 teams competing over 28 days across nine venues in the West Indies and USA, making it the largest event of its kind.

"ICC announces a record-breaking prize fund of $11.25 million for the Men’s T20 World Cup 2024, with the winners set to receive at least $2.45 million.The runners-up will earn at least $1.28 million, while the losing semi-finalists will take home $787,500 each. Teams that do not advance past the second round will receive $382,500 each, and those finishing between ninth and 12th place will get $247,500 each," ICC said in a statement.

Teams ranking from 13th to 20th place will each earn $225,000. Additionally, every team will receive an extra $31,154 for each match won, excluding the semi-finals and finals.

ICC Chief Executive Geoff Allardice remarked on the event's historic significance, “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 format of this year's tournament will see 40 first round matches played before the top eight progress to the Super 8s. Four teams will then qualify for the semi-finals, which will be staged in Trinidad and Tobago and Guyana, ending with the final in Barbados.

*With Agency Inputs