In 2024, the T20 World Cup was held in Barbados, and the winning India squad received a cash prize of USD 1.45 million from the ICC, in addition to a bonus of INR 125 crore (USD 15 million) from the BCCI. Board secretary Jay Shah made the announcement just one day after India defeated South Africa by seven runs in the final match.
Shah praised India’s exceptional talent, determination, and sportsmanship throughout the tournament. He congratulated all players, coaches, and support staff for their outstanding achievement. The ICC had also announced additional cash prizes for each match won by teams except for the semi-finals and finals.
The total prize money for the tournament doubled from USD 5.6 million in 2022 to USD 11.25 million in 2024, ensuring that all 20 participating teams received more awards than ever before. South Africa finished as runners-up and received USD 1.28 million, while Afghanistan and England were awarded USD 787,500 each for losing in the semi-finals.
The T20 World Cup provided a lucrative opportunity for teams, players, and support staff to earn substantial rewards for their efforts and performances. The increase in prize money highlighted the growing importance and popularity of T20 cricket on a global stage.
Overall, this tournament provided an excellent chance for players to showcase their talent on a bigger stage and gain recognition from their fans around the world while also earning significant monetary rewards for themselves as well as their teammates.
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