Record prize money declared for T20 World Cup 2024

The ICC Men’s T20 World Cup 2024 winners will receive the highest amount in the tournament’s history.

This ninth edition will see 20 teams competing over 28 days across nine West Indies and USA venues, making it the largest event.

The runners-up will earn at least $1.28 million, while the losing semi-finalists will take home $787,500 each. Teams that do not 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 each earn $225,000. Additionally, every team will receive an extra $31,154 for each match won, excluding the semi-finals and finals.

The tournament will start with 40 matches in the first round, leading to the Super 8s. The semi-finals will be held in Trinidad and Tobago and Guyana. The final match will take place at the Kensington Oval in Barbados, where the 2024 men’s champions will be crowned.

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