PC: google
The ICC T20 World Cup has become a global phenomenon, captivating fans with its fast-paced action and high-stakes competition. But beyond the glory, there’s a significant financial reward at stake for the champions. Let’s delve into the history of T20 World Cup prize money from 2007 to 2022, highlighting the winners, runners-up, and some interesting facts about each final.
2007: The inaugural edition in South Africa saw a starting point of $1.2 million (INR 10 crore approx.) for the champions, India, who defeated Pakistan by 5 runs in a thrilling final. Pakistan, the runners-up, received a consolation prize of $600,000 (INR 5 crore approx.) only. This tournament featured a smaller format with just six teams.
2009: The prize pool grew slightly in Pakistan, with the champions, Pakistan themselves, taking home $800,000 (INR 6.7 crore approx..). Sri Lanka, the runners-up, received an amount of $400,000 (INR 3.4 crore approx.). This tournament saw the introduction of a qualifying stage, expanding the competition.
2010: England emerged victorious in the West Indies, pocketing the same prize money of $800,000(INR 6.7 crore approx.). Australia, the losing finalists, were awarded a runner-up prize of $400,000 (INR 3.4 crore approx.). This edition witnessed the use of the controversial “Super Over” for the first time in a World Cup final, which England won.
2012: The West Indies reclaimed the trophy in their home island, earning a $1.1 million (approx. 9.1 crore rupees) payout. Sri Lanka, the runners-up, received $550,000 (approx. 4.6 crore rupees). This tournament saw the expansion to 12 participating teams.
2014: Sri Lanka secured their first title in Sri Lanka, collecting a prize of $1.1 million (approx. 9.1 crore rupees). India, the runners-up, received a reported $550,000 (approx. 4.6 crore rupees). This edition marked a significant jump in total prize money.
2016: The West Indies secured their second title win in India, bagging a hefty $1.6 million (INR 13.3 crore approx.). England, the runners-up, received a boosted runner-up prize of $800,000 (INR 6.6 crore approx.). This tournament saw the introduction of DRS (Decision Review System) in the final.
2020 (postponed to 2021): Australia clinched their maiden title in the UAE, receiving a prize money of $1.6 million (INR 13.3 crore approx.). New Zealand, the runners-up, walked away with $800,000(INR 6.6 crore approx.). This edition, originally scheduled for 2020, was delayed due to the COVID-19 pandemic.
2022: England, back in Australia, secured their second title and a cool $1.6 million (INR 13.3 crore approx.) in prize money. Pakistan, the runners-up, received $800,000 (INR 6.6 crore approx.). This edition saw a decrease in the total prize pool compared to 2021.
Looking Ahead: The 2024 T20 World Cup, co-hosted by the USA and the West Indies, is poised to be a landmark event with a record-breaking total prize pool of $10 million (INR 83 crore approx.). This significant increase reflects the growing popularity and commercial value of the T20 format.
The T20 World Cup prize money has seen a steady rise over the years, reflecting the increasing viewership and revenue generated by the tournament. While the champions get the lion’s share, the runner-up prizes have also increased considerably. With the 2024 edition promising an even bigger pot, the T20 World Cup continues to be a lucrative battleground for cricketing glory.
