T20 World Cup 2024 Announces Record Prize Money For Teams
The International Cricket Council (ICC) announced on June 3 a record prize purse of USD 11.25 million for the T20 World Cup 2024. The winners will take home at least USD 2.45 million, while the runners-up will receive at least USD 1.28 million. Losing semi-finalists will earn USD 787,500 each.
In comparison, the previous edition in 2022 had a total prize pool of USD 5.6 million, with winners England receiving USD 1.6 million. The four teams that do not advance from the Super 8s in the 2024 edition will earn USD 382,500 each.
Teams placed ninth to twelfth will receive USD 247,500 each, while participants finishing thirteenth to twentieth will return with USD 225,000 each. This ensures that every team, including those exiting from the group stages, will take home some prize money.
The total prize pool for the 2024 edition in Indian Rupees is approximately Rs 93 Crores when converted. Below is a detailed breakdown of the prize money in both Indian Rupees (INR) and United States Dollars (USD):
| Position | Prize Money in USD | Prize Money in INR |
| Champions | $2.45 million | Rs 20.36 Crore (approximately) |
| Runners Up | $1.28 million | Rs 10.64 Crore (approximately) |
| Losing Semifinalists | $787,500 each | Rs 6.54 Crore each (approximately) |
| Super 8 Losers | $382,500 each | Rs 3.17 Crore each (approximately) |
| Teams finishing 9th to 12th | $247,500 each | Rs 2 Crore each (approximately) |
| Teams finishing 13th to 20th | $225,000 each | Rs 1.87 Crore each (approximately) |
The prize money mentioned in Indian Rupees (INR) is based on the rate at the time of writing this article. For current conversion rates from INR to USD, please check the latest rates.
The T20 World Cup 2024 will feature a record number of teams and matches. The event will span over 28 days and include nine venues across the West Indies and USA. A total of twenty teams are participating, including first-timers USA, Canada, and Uganda.
This year's tournament format includes forty first-round matches before the top eight teams advance to the Super 8s. Four teams will then qualify for the semi-finals, which will be held in Trinidad and Tobago and Guyana, culminating in the final in Barbados.
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