Record-Breaking Cash Prizes: ICC Announces Highest T20 World Cup Prize Money Ever

The T20 World Cup winners will be awarded a cash prize of USD 2.45 million, announced the ICC. Additionally, the BCCI will give the winning India squad a bonus of INR 125 crore (USD 15 million approx.), Board secretary Jay Shah announced on X following India’s thrilling final victory against South Africa in Barbados.

Shah praised Team India for their exceptional talent, determination, and sportsmanship throughout the tournament. He congratulated the players, coaches, and support staff for their outstanding achievement. The ICC’s cash prize is the highest in the history of men’s T20 World Cup, with each match won by a team earning them an additional $31,154, excluding semi-finals and finals.

The total prize money for the tournament has more than doubled from USD 5.6 million in 2022 to USD 11.25 million this year, resulting in increased awards for all 20 participating teams. As runners-up, South Africa won USD 1.28 million, while losing semi-finalists Afghanistan and England received USD 787,500 each.

All teams participating in the tournament will receive more prize money than in previous years due to this positive development. The increase in prize money provides additional rewards for their efforts on the field and motivates players to perform at their best during tournaments like these.

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In conclusion, with this announcement made by Board secretary Jay Shah on X following India’s thrilling final victory against South Africa in Barbados; The T20 World Cup has been recognized as one of the most lucrative international cricket tournaments worldwide with substantial increases in its total prize money from previous years.