Virat Kohli declared his retirement after India’s victory in the T20 World Cup 2024. Thanks to Kohli’s half-century, India scored 176 and overcame South Africa by 7 runs. South Africa receives $1.28 million (about Rs. 10.67 crore), whereas India earns $2.45 million (about Rs. 20.42 crore). This blog is about the ICC World Cup prize money.
If you’re someone who engages a lot in online cricket betting, make sure you give this blog a read just to find out if it can impact your betting activity.
Rewards for the Winner and Runner-Up (ICC World Cup Prize Money 2024)
In the ICC T20 World Cup 2024, India won a handsome $2.45 million (around Rs. 20.42 crore) prize, which was appropriate given their superior performance. India’s amazing performance also boosted the Online Betting in India enterprise.
In the meantime, South Africa will be rewarded for their outstanding achievement of reaching the finals with a commendable World Cup prize money of $1.28 million (around Rs. 10.67 crore), or half of the champion’s prize.
Position | Prize (USD) | Prize (INR) | Team |
Winner | $2.45 million | Rs. 20.42 crore | India |
Runner-up | $1.28 million | Rs. 10.67 crore | South-Africa |
Semi-finalists (each) | $787,500 | Rs. 6.56 crore | England and Afghanistan |
Eliminated in 2nd round (each) | $382,500 | Rs. 3.18 crore | USA, West Indies, Australia, Bangladesh |
9th to 12th place (each) | $247,500 | Rs. 2.06 crore | Pakistan, Scotland, New Zealand, Sri Lanka |
13th to 20th place (each) | $225,000 | Rs. 1.87 crore | Netherlands, Nepal, Uganda, Papua New Guinea, Namibia, Oman, Ireland, Canada |
Additional prize per match win (excluding semi-finals and finals) | $31,154 | Rs. 26 lakh | – |
Total Prize Pool | $11.25 million | Rs. 93.80 crore | – |
Despite their heroic efforts in the semifinals, Afghanistan and England will each get a consolation award of $787,500 (Rs 6.56 crore). A tribute to the T20 World Cup’s increasing status and appeal, the International Cricket Council (ICC) has announced a record-breaking total prize pool of $11.25 million (Rs 93.80 crore). The performance of these 4 semi-finalists created some very exciting cricket betting odds for gamblers!
Read More about – Cricket World Cup Trophy Price- Cost of World Cup Trophy
Prize Money Comparison of different editions of the T20 World Cups
The biggest World Cup Prize Money in the history of the competition will be awarded in the T20 World Cup 2024. Below is a comprehensive overview of the T20 World Cup Winning Prize. Take a look at the table below to see and compare the historic change in prize money:
YEAR | WINNER | PRIZE MONEY | RUNNER-UP | PRIZE MONEY |
2007 | India | Rs 9.84 crore | Pakistan | Rs 4.92 crore |
2009 | Pakistan | Rs 6.56 crore | Sri Lanka | Rs 3.28 crore |
2010 | England | Rs 6.56 crore | Australia | Rs 3.28 crore |
2012 | West Indies | Rs 9.02 crore | Sri Lanka | Rs 4.51 crore |
2014 | Sri Lanka | Rs 9.02 crore | India | Rs 4.51 crore |
2016 | West Indies | Rs 13.12 crore | England | Rs 6.56 crore |
2021 | Australia | Rs 13.12 crore | New Zealand | Rs 6.56 crore |
2022 | England | Rs 13.12 crore | Pakistan | Rs 6.56 crore |
2024 | India | Rs. 20.42 crore | South Africa | Rs. 10.67 crore |
We used an approximate conversion rate of $1 = Rs 82 to convert the prize money to rupees to contextualize the numbers for Indian readers.
ICC World Cup (ODI) Prize Money
Ten teams were participating in the 13th ICC Cricket World Cup, and they all faced off in a round-robin style. There will be two semifinals, one championship game, and forty-five league games.
Along with taking home the much-coveted World Cup trophy, the victorious side will also pocket a sizable financial reward. Today, we examine the prize money for the winner, runner-up, semifinalist, and other teams in the ICC World Cup 2023. The whole breakdown of the $10 million pool is available here:
- Each match’s winners will take home $40,000.
- Each of the teams who are eliminated after the group stage will get $100,000.
- Each of the eliminated semifinalists will get $8,000,000.
- $2,000,000 will be awarded to the losing finalist or runner-up.
- The victorious group will take home $4,000,000.
Read More about –Highest Partnerships in T20 World Cup
Below you can find the ICC World Cup Prize Money List:
Complete Dissection of the Award Money
Stage | Rate US$ | INR | Total US$ | INR |
Winner (1) | 4,000,000 | 33.2 crore | 4,000,000 | 33.2 crore |
Runner-up (1) | 2,000,000 | 16.6 crore | 2,000,000 | 16.6 crore |
Losing Semi-Finalist (2) | 800,000 | 6.6 crore | 1,600,000 | 13.2 crore |
Teams eliminated after group stage (6) | 100,000 | 83 lacs | 600,000 | 5 crores |
Winner of each group stage match (45) | 40,000 | 33 lacs | 1,800,000 | 15 crores |
The 2023 ODI World Cup Prize Money in Indian Rupees was distributed like this: Australia took home a sizable ₹ 33 crore in prize money, while India only received ₹ 16 crore.
From this article, we’ve learned that the prize money of the World Cup in both ODI & T20 formats does impact the cricket World Cup betting odds for those involved in gambling.
Disclaimer Notice
If you like reading this article on the Cricket World Cup Prize Money, check out the IPL Orange Cap 2024 website for more intriguing content.
Frequently Asked Questions (FAQs)
1) How much is the ICC World Cup Prize Money?
For this edition of the T20 World Cup, the ICC has set aside an unprecedented total prize fund of $11.25 million, or Rs. 93.80 crore. those who finish between tenth and twelve will receive $247,500, or Rs. 207330, while those who are eliminated in the second round will receive $382,500, or Rs. 3.18 crore.
2) How much will be awarded as prizes for the 2024 ICC T20 World Cup?
Winner: 20.42 crore rupees ($2.45 million).
Runner-up: Rs. 10.67 crore, $1.28 million
3) How is the Indian team’s 125 crore prize money divided?
Following India’s victory in the T20 World Cup, the BCCI has announced a reward of ₹125 crore. Coaches will receive ₹2.5 crore, players ₹5 crore, and reserves ₹1 crore.
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