ICC has announced a record-breaking prize of $11.25 million USD for the Men’s T20 World Cup 2024, with the winners set to receive at least $2.45 million.
The ninth edition of the T20 World Cup is historic for numerous reasons. It will see 20 teams competing over 28 days across nine venues in the West Indies and USA. Another notable aspect that sets this tournament apart is the record prize money allocated for teams, making it the largest event of its kind.
The runners-up will receive a minimum of $1.28 million, with losing semi-finalists taking home $787,500 each.
Teams eliminated in the second round will get $382,500 each, and those finishing between ninth and 12th place will earn $247,500 each. Teams ranking from 13th to 20th place will each earn $225,000.
Additionally, teams will receive an extra $31,154 for each match won, excluding the semi-finals and finals.
The tournament will kick off with 40 matches in the first round, leading to the Super 8s, followed by the semi-finals in Trinidad and Tobago and Guyana.
The final showdown will be held at the Kensington Oval in Barbados, where the 2024 men’s champions will be crowned. ICC Chief Executive Geoff Allardice noted the event’s historic significance, stating, “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.”