ICC Announces Historic Cash Prize for T20 World Cup Winner

Cash Prize for T20 World Cup

In a major financial boost for international cricket, the International Cricket Council (ICC) has announced that the winner of the T20 World Cup will receive a substantial prize of 2.45 million USD, equivalent to 682,864,000 Pakistani Rupees (PKR).

This significant increase in prize money reflects the sport’s growing popularity and commercial success globally. To compare, the 2022 winners, England, received $1.6 million, which is $850,000 less than this year’s sum. Additionally, the total prize money for the tournament has doubled, rising from $5.6 million in 2022 to $11.25 million for this year’s event.

The runner-up will also receive a considerable reward, amounting to approximately 341,432,000 PKR (34 million).

This is the highest prize money in the tournament’s history, showcasing the ICC’s commitment to rewarding excellence and promoting a competitive spirit among the participating teams.

Known for its thrilling and fast-paced format, the T20 World Cup attracts millions of viewers worldwide, making it one of the most anticipated events on the cricket calendar.

This year’s edition promises to be more exciting than ever, with 20 teams divided into four groups of five, competing for the coveted trophy and the lucrative prize that comes with it.

Cricket boards and players have welcomed the announcement, viewing it as an incentive to elevate their performance on the grandest stage of the shortest format.

The significant prize money is expected to boost players’ motivation and contribute to the overall growth and development of cricket, particularly in associate cricketing nations.