ICC T20 World Cup 2024 Prize Money

The 2024 ICC T20 World Cup will be held in USA and West Indies. 20 teams will be participating in the tournament this year. T20 world cup prize money was increased for the 2024 tournament by the International Cricket Council.

The prize money for the t20 world cup is officially announced approximately 2-3 months before the start of the tournament. It is also important to know how much money qualified teams received. Both the men’s and women’s tournament prize money increased from the previous season. In 2016, $3.5 million was shared by the winning team. The tournament’s prize money may increase.

ICC Men’s T20 World Cup winners will receive US $1.6 million in prize money, while runners-up will receive US $800,000.

Prize money of $400,000 each will be awarded to the losing semi-finalists. 

There will be a total of $5.6 million allocated to this tournament, which will be divided among 16 teams that will be participating in it.

A bonus amount will also be awarded to every team that wins during the Super 12 stage of the tournament, as was the case during the 2016 edition. During the Super 12 stage, each of the 30 winners will be awarded an amount of $40,000 – adding up to a grand total of $1,200,000. 

Teams that are knocked out in the Super 12 will receive $70,000 each, for a total sum of $560,000. 

In addition, teams will be rewarded with $40,000 during their 12 matches during the Round 1 stage, totaling $480,000. From a total prize pool of $160,000, the four teams eliminated during round one will receive $40,000 each.

PRIZE MONEY OF ICC T20 MEN’S WORLD CUP 2024

Prize Money table:

Winners – $ 1,600,000

Runners-Up – $ 800,000

Losing Semi-finalists – $ 400,000 each

Round 2 Wins – 3x 40,000 = $ 1,200,000

Round 2 Exit – 8×70,000 = $ 560,000

Cricket development players will not receive any prize money from the winning team. The sponsor of the tournament gives them only the man of the match and cash awards. A $1 million prize was awarded to Sri Lanka in last year’s tournament. A $6 million profit was earned by West Indies in 2016.

According to trusted cricket sources, below is the prize money for the event. Broadcasters have been confirmed to broadcast the matches from the T20 world cup in 2024.