In a historic financial boost for international cricket, the winner of the T20 World Cup will be awarded a substantial prize of 2.45 million USD, which is worth 682,864,000 (68 million) Pakistani Rupees (PKR).
This announcement by the International Cricket Council (ICC) marks a significant increase in the tournament’s prize money, reflecting the sport’s growing popularity and commercial success globally.
In 2022, the winner, England pocketed $1.6 million which was $850.000 less than the sum this year. The total prize money for teams that will finish in their respective positions has doubled, from $5.6 million in 2022 to $11.25 million that will be distributed in this year’s showpiece event.
The runner-up of the tournament will get a hefty amount as well, receiving a considerable sum of around 341,432,000 PKR (34 million).
This is the highest prize money in the tournament’s history which showcases the ICC’s commitment to rewarding excellence and promoting competitive spirit among the participating teams.
The T20 World Cup, known for its thrilling and fast-paced format, attracts millions of viewers worldwide, making it one of the most anticipated events on the cricketing calendar.
This year’s edition promises to be more exciting than ever, with 20 teams divided into four groups of five teams from across the globe vying for the coveted trophy and the lucrative prize that comes with it.
Cricket boards and players have welcomed the announcement, seeing it as an incentive to elevate their performance on the biggest cricketing stage in the shortest format.
The significant prize money is expected to not only enhance the players’ motivation but also contribute to the overall growth and development of cricket, especially in associate cricketing nations.
Check out the latest updates regarding the T20 World Cup 2024 here!
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