The International Cricket Council (ICC) has announced the prize money for the upcoming men’s T20 World Cup, which will begin on October 16.
The title winners this season will receive a whopping US$1.6 million, while the runners-up will receive half of the title winners’ prize, which is $800,000, according to an ICC statement.
“The ICC announced that the winning team at the ICC Men’s T20 World Cup 2022 in Melbourne on November 13 would receive $1.6 million in prize money, with the runners-up guaranteed half that amount.”
The losing semi-finalists in the nearly month-long tournament will each receive $400,000 from the $5.6 million total prize pool.
The eight teams that fail to advance past the Super 12 stage will each receive $70,000 in prize money.
A win in each of the 30 games in the Super 12 phase will be worth $40,000, just like it was last year at the ICC Men’s T20 World Cup 2021.
Afghanistan, Australia, Bangladesh, England, India, New Zealand, Pakistan, and South Africa are the eight teams who advanced directly to the Super 12 stage.
The other eight teams — Namibia, Sri Lanka, the Netherlands, and the UAE in Group A, and West Indies, Scotland, Ireland, and Zimbabwe in Group B — will play the first round in two groups of four.
Each winner in the first round will receive $40,000 in prize money, with the total prize money for the 12 matches totaling $480,000.
Meanwhile, the four teams eliminated in the first round will each receive $40,000 in prize money.