ICC has announced 20% increase for the upcoming T20 World Cup prize money which is set to take place in Australia this year during november-december 2022. Winners of T20 World Cup this year will pocket as much as $1.6 million. ICC also promised same prize money for men and women’s cricket World Cup. We breakdown how the Prize money fund will be distributed among participating nations.
Men’s & Women’s ICC T20 World Cup 2022 Prize Money Fund
ICC has announced that every qualified team is guaranteed a $100,000 payment as the preparation cost. Which will be handed to teams before the tournament begins. Teams who qualify for semifinals and lose at that stage will earn $400,000. While the runners-up will pocket $800,000. The eventual winners will take home record breaking $1.6 million.
$5.6 million total prize money fund make T20 World Cup 2022 as the second highest paying international tournament in world cricket. Only behind 50 over world cup.
Check out the complete breakdown in the given table below.
| Stage | Men’s T20 WC | Women’s T20 WC |
|---|---|---|
| Winner | $1.6 million | $1.6 million |
| Runners-up | $800,000 | $800,000 |
| Semifinal (2 losing teams) | $400,000 each | $400,000 each |
| Individual Awards (per match) | $300,000 | $300,000 |
| Participation fee | $100,000 every team | $100,000 every team |
| Total Prize Money | $5.6 million | $5.6 million |
ICC is trying to put women’s cricket on the same level as men’s cricket and when they announced the same prize money for both genders it was taken as a very positive step towards road map to make women’s game as main-stream as the men’s cricket.
Note| If any changes will be made in the Prize Money fund for the upcoming T20 World Cup ,then it will be updates soon here according to the situation.