India and South Africa are gearing up to face off in the final of the T20 World Cup 2024 in Barbados this Saturday, June 29. As the excitement builds many are curious about the prize money the teams will take home from this prestigious tournament.

India is vying for their second T20 World Cup title while South Africa hopes to secure their first-ever World Cup win in cricket history. Beyond the glory of the championship, there’s a substantial amount of prize money up for grabs in this edition of the tournament. The International Cricket Council (ICC) has announced a record-breaking prize pool, highlighting cricket’s increasing global appeal, particularly as the World Cup is being hosted for the first time in the United States of America.

Record-Breaking prize money

The total prize pool for the T20 World Cup 2024 is a staggering $11.25 million, setting a new benchmark in the sport. What will the teams in the final earn? Both India and South Africa are poised to receive significant sums for reaching the final match of the T20 World Cup 2024. The winners are set to take home $2.45 million (approximately Rs 20.40 crores), plus additional bonuses, marking the highest prize ever awarded in the tournament’s history.

Meanwhile, the runners-up will earn at least $1.28 million (about Rs 10.67 crore), and the teams that reached the semi-finals but did not advance will each receive $787,500. Teams exiting after the second round will take home $382,500 each, while those placing between ninth and 12th will receive $247,500 each.

For teams ranked from 13th to 20th place, the prize is $225,000 per team. Additionally, every team will earn an extra $31,154 for each match won during the tournament, except for the semi-finals and finals.

This substantial prize money underscores the importance and competitiveness of the T20 World Cup 2024, making it a pivotal moment for cricket fans and players alike.

“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.” ICC Chief Executive Geoff Allardice remarked on the event’s historic significance

ICC Men’s T20 World Cup prize money in rupees

Position	Prize Money
Winner	Rs 20.40 crore
Runner-up	Rs 10.67 crore
Losing semi-finalists	Rs 6.48 crore
Super 8 teams	Rs 3.16 crore
Teams 9th-12th	Rs 2 crore
Teams 13th-20th	Rs 1.87 crore
Per match won bonus	Rs 26 lakhs

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