Record-Breaking Prize Money Announced for ICC Men's T20 World Cup 2024

The International Cricket Council (ICC) has unveiled a historic prize fund of $11.25 million USD for the upcoming Men's T20 World Cup 2024, marking the highest prize money in the tournament's history. The winners will receive an unprecedented $2.45 million, significantly higher than the $1.6 million awarded to the victorious England team in the 2022 edition. This increase underscores the growing global popularity and significance of the T20 format.

The runners-up will earn at least $1.28 million, while the losing semi-finalists will take home $787,500 each. Teams that fail to advance past the second round will receive $382,500 each, and those finishing between ninth and 12th place will get $247,500 each. Teams ranking from 13th to 20th place will earn $225,000 each. Additionally, every team will receive an extra $31,154 for each match won, excluding the semi-finals and final, further incentivizing high performance throughout the tournament.

The ninth edition of the Men's T20 World Cup will feature a record-breaking 20 teams competing over 28 days across nine venues in the West Indies and the USA, making it the largest event of its kind. The tournament will start with 40 matches in the first round, leading to the Super 8s. Four teams will then qualify for the semi-finals, to be staged in Trinidad and Tobago and Guyana, culminating in the final at the Kensington Oval in Barbados, where the 2024 men's champions will be crowned.

ICC Chief Executive Geoff Allardice expressed his enthusiasm, 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."

The significant increase in prize money for the ICC Men's T20 World Cup 2024 is a testament to the ICC's commitment to rewarding the players and teams that participate in this prestigious tournament. With the highest prize amount in the tournament's history, the 2024 edition is poised to be a truly unforgettable event that will captivate cricket fans worldwide.