ICC announce record-breaking prize money for T20 World Cup 2024

In a historic move, ICC has announced a record-shattering prize fund for the winners of the tournament. As per the report published on the official website of cricket’s apex body in the world, the winners of the 2024 ICC Men’s T20 World Cup will be racking up the highest amount in the glistening antiquity of the tournament.

The ninth edition of the tournament will feature 20 teams. The prized fray will be held over 28 days across nine venues in the West Indies and USA combined. The tournament has been allotted a total prize fund of $11.25 million USD while the winners are all set to receive at least $2.45 million.

As quoted by ICC, the statement says, “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.”

It further added, “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. 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.”

The tournament will have 40 matches in the first round which will lead to the Super 8s followed by the semi-finals in Trinidad and Tobago and Guyana. The grand finale will be played in Kensington Oval in Barbados where the champions will be eventually crowned.

Speaking on the event’s historic salience, 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."