ICC announces record prize purse of $11.25 million for T20 World Cup

ICC announces record $11.25 million prize purse for 2024 T20 World Cup, with winners taking home $2.45 million.

The International Cricket Council on June 3 announced a record prize purse of $11.25 million for the 2024 T20 World Cup with the winners pocketing at least $2.45 million.

The runners-up will receive at least $1.28 million, while the losing semifinalists walk away with $787,500 each.

The previous edition in 2022 had a total prize pool of $5.6 million with winners England receiving $1.6 million.

"The ninth edition of the ICC Men’s T20 World Cup will see the winners of the 20-team tournament earn at least $2.45 million, the highest prize money in the history of the tournament, along with the trophy that they will lift at Kensington Oval in Barbados on 29 June," said the ICC in a statement.

The four teams that fail to make it out of the Super 8s will earn $382,500 each, while the teams placed ninth, 10th, 11th and 12th receive $247,500 each. Participants who finish 13th to 20th place will return $225,000 each.

"And every team receives an additional $31,154 for each match they win barring the semifinals and final," the sport's governing body added.

The 55-match event will be played over 28 days, across nine venues in the West Indies and USA, making it the biggest T20 World Cup ever. A record 20 teams are taking part in the competition including first timers USA, Canada and Uganda.