Record-Breaking Prize of 2.45 Million USD for Winners as ICC Announces Historic Payout for Ninth Men’s T20 World Cup

The ninth edition of the ICC Men’s T20 World Cup will award the tournament winner at least 2.45 million USD, marking the highest prize money ever in the event’s history, according to the International Cricket Council (ICC). The winning team will receive this prize along with the trophy, to be presented at Kensington Oval in Barbados on June 29. This comes from an overall prize pool of 11.25 million USD sanctioned by the ICC. Each participating team will receive a minimum of 225,000 USD.

The runners-up are set to receive at least 1.28 million USD, while the losing semifinalists will earn 787,500 USD each. Teams that do not advance past the Super 8 stage will each get 382,500 USD. Teams finishing ninth, tenth, eleventh, and twelfth will each receive 247,500 USD.

Teams placed between thirteenth and twentieth positions will pocket 225,000 USD each. Additionally, every team will earn an extra 31,154 USD for each match victory, excluding the semifinals and final. “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,” said ICC CEO Geoff Allardice.

The tournament, spanning 55 matches and involving 20 teams, will be played over 28 days across nine venues in the West Indies and USA, making it the largest ICC Men’s T20 World Cup ever. The 20 teams will be divided into four groups of five for the first round.

The top two teams from each group will progress to the Super 8 stage, where they will be divided into two groups of four. The first and second seed teams from each initial group will retain their seeding in the Super 8, provided they qualify. Specifically, finishers A1, B2, C1, and D2 will be in one Super 8 group, while A2, B1, C2, and D1 will be in the other group.

The top two teams from each Super 8 group will move on to the semifinals, scheduled in Guyana and Trinidad and Tobago on June 26 and 27 respectively. The final will take place in Barbados on June 29.