The BCCI has announced that the T20 World Cup-winning India squad will receive a bonus of INR 125 crore (USD 15 million approx.). The announcement was made by Board Secretary Jay Shah following India’s thrilling victory over South Africa in the final. Shah praised the team for their exceptional talent, determination, and sportsmanship throughout the tournament.
In addition to the BCCI’s bonus, the ICC had previously announced a cash prize of USD 2.45 million for the winners of the World Cup. They also offered an additional $31,154 for each match won by every team, except in the semi-finals and finals. This cash prize is the highest in the history of the men’s T20 World Cup, representing a significant increase from previous years.
Overall, all teams participating in the tournament will receive more prize and participation money than in previous years. The total prize money for the tournament has more than doubled from USD 5.6 million in 2022 to USD 11.25 million this year. This means an increase in awards for all 20 participating teams across the board.
As runners-up, South Africa will receive USD 1.28 million, a notable increase from the prize money awarded in 2022. The losing semi-finalists, Afghanistan and England, will each receive USD 787,500, also a significant increase from previous years. The increase in prize money for all teams reflects a commitment to recognizing and rewarding the achievements of players and teams in the tournament.