T20 World Cup 2024 Prize Money: How Much Will Winners, Runners Up & 18 Other Teams Earn in The Tournament?

The International Cricket Council (ICC) on Monday (June 3) announced a record prize purse of USD 11.25 million for the T20 World Cup 2024 with the winners pocketing at least USD 2.45 million.

The runners-up will receive at least USD 1.28 million, while the losing semi-finalists walk away with USD 787,500 each. The previous edition in 2022 had a total prize pool of USD 5.6 million with winners England receiving USD 1.6 million.

T20 World Cup 2024 prize money breakdown

The four teams that fail to make it out of the Super 8s in the 2024 edition will earn USD 382,500 each, while the teams placed ninth, 10th, 11th and 12th receive USD 247,500 each.

Participants who finish 13th to 20th place will return $225,000 each, meaning every team including the ones that exit from the group stages as well will take home some money at the end of their campaign.

The total pool of prize money for 2024 edition in Indian Rupee is Rs 93 Crores approximately when converted. Here is a look at the breakdown and prize money in Indian Rupees (INR) approximate value and the actual value in United States Dollars (USD):

T20 World Cup 2024 Prize Money Breakdown

Position	Prize Money in USD	Prize Money in INR
Champions	$2.45 million	Rs 20.36 Crore (approximately)
Runners Up	$1.28 million	Rs 10.64 Crore (approximately)
Losing Semifinalists	$787,500 each	Rs 6.54 Crore each (approximately)
Super 8 Losers	$382,500 each	Rs 3.17 Crore each (approxiamtely)
Teams finishing 9th to 12th	$247,500 each	Rs 2 Crore each (approximately)
Team finishing 13th to 20th	$225,000 each	Rs 1.87 Crore each (approximately)

Note: The Prize Money mentioned in Indian Rupees (INR) is the rate on the date of writing this article. For INR to USD conversion on the current day, please check the conversion rates at this link.

The 55-match event will be played over 28 days, across nine venues in the West Indies and USA, making it the biggest T20 World Cup ever. A record 20 teams are taking part in the competition including first timers USA, Canada and Uganda.

The format of this year's tournament will see 40 first round matches played before the top eight progress to the Super 8s. Four teams will then qualify for the semi-finals, which will be staged in Trinidad and Tobago and Guyana, ending with the final in Barbados.