The prize money for the T20 World Cup 2024 winners and competitors has been declared by the ICC.
The official prize money for the ongoing T20 World Cup 2024, which is being hosted by the USA and the West Indies, has been released by the International Cricket Council (ICC). The biggest T20 World Cup winner ever will take home $2.45 million (₹20.36 crore) and the coveted trophy from the overall pool of $11.25 (₹93.52 crore), according to the peak body of cricket.
On June 29 at Bridgetown in Barbados, the runners-up will take home $1.28 million (₹10.64 crore), while the losing semi-finalists will take home a paltry $787,500 from the entire purse of $11.25 million.
The teams who exit the Super 8 and don’t advance to the semi-finals will receive $382,500 apiece, while the teams that finish ninth, tenth, eleventh, and twelfth place will receive $247,500 apiece. Participants placing 13th through 20th will split $225,000 in World Cup.
Every club, save the semifinals, will also receive an extra $31,154 for each victory. It is the largest ICC event of the format due to the 20-side World Cup. England, the reigning champions, are hoping to win a third championship.
Also read: The cricket world cup 2023 just brought in Rs. 22,000 crore for India’s economy.
After defeating Pakistan in the championship match two years prior, the Englishmen begin as the defending champions. In the process, England became just the second side to win the trophy twice, behind the West Indies.
The 2024 campaign for Jos Buttler’s team begins on June 4th against Scotland. They are in the same group as Australia, Namibia, and Oman.
Fixtures of T20 World Cup
Sat, 1 June 2024 – USA v CANADA, Dallas, 07:30 PM LOCAL
Sun, 2 June 2024 – WEST INDIES v PAPUA NEW GUINEA, Guyana, 10:30 AM LOCAL
Sun, 2 June 2024 – NAMIBIA v OMAN, Barbados, 08:30 PM LOCAL
Mon, 3 June 2024 – SL v SOUTH AFRICA, New York, 09:30 AM LOCAL
Mon, 3 June 2024 – AFGHANISTAN v UGANDA, Guyana, 08:30 PM LOCAL
Tue, 4 June 2024 – ENGLAND v SCOTLAND, Barbados, 10:30 AM LOCAL
Tue, 4 June 2024 – NETHERLANDS v NEPAL, Dallas, 10:30 AM LOCAL
Wed, 5 June 2024 – INDIA v IRELAND, New York, 09:30 AM LOCAL
Wed, 5 June 2024 – PAPUA NEW GUINEA v UGANDA, Guyana, 07:30 PM LOCAL
Wed, 5 June 2024 – AUSTRALIA v OMAN, Barbados, 08:30 PM LOCAL
Thur, 6 June 2024 – USA v PAKISTAN, Dallas, 10:30 AM LOCAL
Thur, 6 June 2024 – NAMIBIA v SCOTLAND, Barbados, 03:00 PM LOCAL
Fri, 7 June 2024 – CANADA v IRELAND, New York, 09:30 AM LOCAL
Fri, 7 June 2024 – NEW ZEALAND v AFGHANISTAN, Guyana, 07:30 PM LOCAL
Fri, 7 June 2024 – SRI LANKA v BANGLADESH, Dallas, 07:30 PM LOCAL
Sat, 8 June 2024 – NETHERLANDS v SOUTH AFRICA, New York, 09:30 AM LOCAL
Sat, 8 June 2024 – AUSTRALIA v ENGLAND, Barbados, 01:00 PM LOCAL
Sat, 8 June 2024 – WEST INDIES v UGANDA, Guyana, 08:30 PM LOCAL
Sun, 9 June 2024 – INDIA v PAKISTAN, New York, 09:30 AM LOCAL
Sun, 9 June 2024 – OMAN v SCOTLAND, Antigua, 01:00 PM LOCAL
Mon, 10 June 2024 – SOUTH AFRICA v BANGLADESH, New York, 09:30 AM LOCAL
Tue, 11 June 2024 – PAKISTAN v CANADA, New York, 09:30 AM LOCAL
Tue, 11 June 2024 – SRI LANKA v NEPAL, Florida, 07:30 PM LOCAL
Tue, 11 June 2024 – AUSTRALIA v NAMIBIA, Antigua, 08:30 PM LOCAL
Wed, 12 June 2024 – USA v INDIA, New York, 09:30 AM LOCAL
Wed, 12 June 2024 – WEST INDIES v NEW ZEALAND, Trinidad, 08:30 PM LOCAL
Thur, 13 June 2024 – ENGLAND v OMAN, Antigua, 03:00 PM LOCAL
Thur, 13 June 2024 – BANGLADESH v NETHERLANDS, St. Vincent, 10:30 AM LOCAL
Thur, 13 June 2024 – AFGHANISTAN v PAPUA NEW GUINEA, Trinidad, 08:30 PM LOCAL
Fri, 14 June 2024 – USA v IRELAND, Florida, 10:30 AM LOCAL
Fri, 14 June 2024 – SOUTH AFRICA v NEPAL, St. Vincent, 07:30 PM LOCAL
Fri, 14 June 2024 – NEW ZEALAND v UGANDA, Trinidad, 08:30 PM LOCAL
Sat, 15 June 2024 – INDIA v CANADA, Florida, 10:30 AM LOCAL
Sat, 15 June 2024 – NAMIBIA v ENGLAND, Antigua, 01:00 PM LOCAL
Sat, 15 June 2024 – AUSTRALIA v SCOTLAND, St. Lucia, 08:30 PM LOCAL
Sun, 16 June 2024 – PAKISTAN v IRELAND, Florida, 10:30 AM LOCAL
Sun, 16 June 2024 – BANGLADESH v NEPAL, St. Vincent, 07:30 PM LOCAL
Sun, 16 June 2024 – SRI LANKA v NETHERLANDS, St. Lucia, 08:30 PM LOCAL
Mon, 17 June 2024 – NEW ZEALAND v PAPUA NEW GUINEA, Trinidad, 10:30 AM LOCAL
Mon, 17 June 2024 – WEST INDIES v AFGHANISTAN, St. Lucia, 08:30 PM LOCAL
Wed, 19 June 2024 – A2 v D1, Antigua, 10:30 AM LOCAL
Wed, 19 June 2024 – B1 v C2, St. Lucia, 08:30 PM LOCAL
Thur, 20 June 2024 – C1 v A1, Barbados, 10:30 AM LOCAL
Thur, 20 June 2024 – B2 v D2, Antigua, 08:30 PM LOCAL
Fri, 21 June 2024 – B1 v D1, St. Lucia, 10:30 AM LOCAL
Fri, 21 June 2024 – A2 v C2, Barbados, 08:30 PM LOCAL
Sat, 22 June 2024 – A1 v D2, Antigua, 10:30 AM LOCAL
Sat, 22 June 2024 – C1 v B2, St. Vincent, 08:30 PM LOCAL
Sun, 23 June 2024 – A2 v B1, Barbados, 10:30 AM LOCAL
Sun, 23 June 2024 – C2 v D1, Antigua, 08:30 PM LOCAL
Mon, 24 June 2024 – B2 v A1, St. Lucia, 10:30 AM LOCAL
Mon, 24 June 2024 – C1 v D2, St. Vincent, 08:30 PM LOCAL
Wed, 26 June 2024 – Semi 1, Trinidad and Tobago (reserve day 27 June), 10:30 AM LOCAL
Thur, 27 June 2024 – Semi 2, Guyana, 08:30 PM LOCAL
Sat, 29 June 2024 – Final, Barbados, 10:00 AM LOCAL
How ICC Earn Money in World Cup
The International Cricket Council (ICC) earns money primarily through various revenue streams, including broadcasting rights, sponsorships, advertising, ticket sales, merchandise, and licensing agreements. Let me break down some of the key revenue sources for the ICC:
- Broadcasting Rights: Broadcasting rights are a significant source of revenue for the ICC. Television networks and digital platforms pay substantial amounts to secure the rights to broadcast ICC events such as the Cricket World Cup, ICC T20 World Cup, and various bilateral series.
- Sponsorships and Advertising: The ICC secures sponsorships from companies looking to associate their brands with cricket. These sponsorships can include global partnerships, event sponsorships, and sponsorships of individual teams or players. Advertising during ICC events also generates revenue.
- Ticket Sales: Ticket sales for matches played during ICC events contribute to the organization’s revenue. The sale of tickets for matches at venues around the world adds to the ICC’s income.
- Merchandising and Licensing: The sale of official merchandise, such as team jerseys, cricket equipment, and other branded products, is another revenue stream for the ICC. Licensing agreements with manufacturers and retailers also bring in revenue.
- Grants and Distributions: The ICC distributes funds to its member boards to support the development of cricket in various countries. These funds come from the revenue generated by ICC events and activities.
Regarding the revenue-sharing model with its members, the ICC has a structured system in place to distribute revenues among its member boards. The exact details of the revenue-sharing model may evolve over time, but traditionally, the ICC has followed a model where a significant portion of its revenues is distributed among its members based on various criteria such as the size of the board, the popularity of cricket in the country, and the performance of the national team.
The revenue-sharing model ensures that all member boards receive a fair share of the revenues generated by ICC events, helping to support the growth and development of cricket globally. Additionally, the ICC invests in various development programs and initiatives to promote the sport in emerging cricketing nations.
