Image Credit- ICC
The India team that won the T20 World Cup would receive a bonus of INR 125 crore (about USD 15 million) from the BCCI. The statement was made by board secretary Jay Shah on X, one day after India defeated South Africa in an exciting final in Barbados by a margin of seven runs.
“I am pleased to announce prize money of INR 125 Crores for Team India for winning the ICC Men’s T20 World Cup 2024,” Shah posted. “The team has showcased exceptional talent, determination, and sportsmanship throughout the tournament. Congratulations to all the players, coaches, and support staff for this outstanding achievement!”
The World Cup champions will receive a monetary prize of USD 2.45 million from the ICC, in addition to an additional $31,154 for each match that each team wins—so long as they avoid the semifinals and finals. The USD 850,000 cash award from the ICC is the most in the history of the men’s T20 World Cup, surpassing the USD 1.6 million that England received in 2022.
In general, this event offers greater prize money and participation fees to all teams than in the past. With the tournament’s total prize money more than doubling from USD 5.6 million in 2022 to USD 11.25 million this year, all 20 competing teams will get larger payouts.
As runners-up, South Africa won USD 1.28 million (up from USD 800,000 in 2022), while the losing semi-finalists Afghanistan and England received USD 787,500 (up from USD 400,000 in 2022) each.