T20 World Cup 2024 Prize Money : In a thrilling finale to the ICC T20 World Cup 2024, Team India emerged victorious, edging past South Africa by seven runs to clinch the coveted trophy. Not only did this triumph mark a significant moment in Indian cricket, but it also came with a historic financial reward. The prize money awarded in this edition of the T20 World Cup was the highest ever, setting new records and rewarding the winners handsomely.
Let’s have a look into more details: T20 World Cup 2024 Prize Money
India’s Record Breaking Prize Money
Rohit Sharma’s men didn’t just take home the T20 World Cup trophy; they also pocketed a whopping $2.45 million (INR 20.42 crores) as the winners of the tournament. This prize is the largest ever awarded by the ICC for a T20 World Cup, reflecting the tournament’s growing prestige and financial stakes. In addition to the ICC’s prize, the Board of Control for Cricket in India (BCCI) announced an unprecedented bonus of INR 125 crores for the team, celebrating their outstanding performance and breaking India’s ICC trophy drought.
How Does This Compare to Previous Winners?
| Year | Winner | Prize Money | Runner-Up | Prize Money |
|---|---|---|---|---|
| 2007 | India | $1.2 million | Pakistan | $600,000 |
| 2009 | Pakistan | $800,000 | Sri Lanka | $400,000 |
| 2010 | England | $800,000 | Australia | $400,000 |
| 2012 | West Indies | $1.1 million | Sri Lanka | $550,000 |
| 2014 | Sri Lanka | $1.1 million | India | $550,000 |
| 2016 | West Indies | $1.6 million | England | $800,000 |
| 2021 | Australia | $1.6 million | New Zealand | $800,000 |
| 2022 | England | $1.6 million | Pakistan | $800,000 |
| 2024 | India | $2.45 million | South Africa | $1.28 million |
India 2024 vs India 2007
When India won the inaugural T20 World Cup in 2007, they were awarded $1.2 million. Fast forward to 2024, the prize money has more than doubled to $2.45 million, highlighting the rapid increase in the financial stakes of the tournament.
The prize money for winners has seen a consistent increase over the years. The 2024 prize fund for the champions is notably higher than previous years, where the amounts remained around $1.6 million for a few editions. This significant jump underscores the ICC’s commitment to rewarding excellence and the escalating commercial value of the tournament.
Prize Distribution Beyond the Winners
The 2024 T20 World Cup wasn’t just about the winners. The ICC distributed a record total of $11.25 million among participating teams, making it the most lucrative T20 World Cup in history.
Here’s a breakdown of the prize money for different stages of the competition:
- Runners Up: South Africa received $1.28 million (INR 10.6 crores) for their stellar performance in reaching the final.
- Losing Semi Finalists: England and Afghanistan each took home $787,500 (INR 6.56 crores).
- Teams in the Super 12s: Each team exiting in the second round earned $382,500 (INR 3.19 crores).
- Teams Finishing 9th-12th: These teams received $247,500 (INR 2.06 crores).
- Teams Finishing 13th-20th: Each of these teams earned $225,000 (INR 1.87 crores).
Additionally, teams were awarded $31,154 (INR 2.59 crores) for each match won during the tournament’s group stages, adding an extra incentive to perform well throughout the competition.
The T20 World Cup 2024 has set new benchmarks not only in terms of competitive cricket but also in financial rewards. India’s monumental win has brought in the highest prize money ever seen in the T20 World Cup history, reflecting the event’s growing stature and the immense effort required to triumph on such a global stage. As the financial stakes continue to rise, the allure of T20 cricket and the prestige of winning the World Cup will only grow stronger, promising even more exciting tournaments in the future.
FAQ
How much prize money did BCCI announce for Team India’s T20 World Cup 2024 win?
The BCCI announced Rs 125 crore as prize money
