ICC announce record cash prize for T20 World Cup 2024 winners

The International Cricket Council (ICC) has announced a record prize money for the winners of the Men’s T20 World Cup 2024. The ninth edition of the tournament will witness the winning side clinch a prize of at least $2.45 million USD, the highest-ever cash prize in the tournament’s history. 

The runners-up will receive at least $1.28 million USD, while the losing semi-finalists will earn $787,500 USD. The four teams that fail to make it out of the Super 8s will earn $382,500 each, while the teams placed ninth, 10th, 11th and 12th receive $247,500 each. Participants who finish 13th to 20th place will return $225,000. The total prize money to be handed out is $11.25 million USD. 

And every team receives an additional $31,154 for each match they win barring the semi-finals and final.

The 55-match event will be played over 28 days across nine West Indies and USA venues, making this the biggest ICC T20 World Cup ever. 

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 worldwide 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 where the 2024 men’s champions will be crowned.

(with inputs from ICC)