Dubai: International Cricket Council (ICC) on September 22, 2023 announced a total prize pool of USD 10 million for the ICC Men’s Cricket World Cup 2023 in India. The tournament, set to be a thrilling cricket spectacle, will see the winners taking home USD 4 million, while the runners-up of the final match, scheduled for November 19 at the Narendra Modi Stadium in Ahmedabad, will receive USD 2 million.
The tournament format features all 10 participating teams facing off against each other once in a round-robin Group Stage. The top four teams in the points table will advance to the semi-finals, where they will compete for a chance to claim a share of the significant prize money.
Interestingly, teams will not only be vying for glory but also for monetary rewards during the Group Stage. Each victory in the Group Stage matches will earn a team USD 40,000. Furthermore, even teams that do not progress to the knockout rounds will receive a consolation prize of USD 100,000 at the conclusion of the Group Stage.
This announcement also carries significant implications for gender equality in cricket. The ICC has set a precedent by announcing equal prize money allocations for the upcoming ICC Women’s Cricket World Cup in 2025. This landmark decision was made during the Annual Conference held in Durban, South Africa, in July 2023, reaffirming the commitment to promoting parity between men’s and women’s events in the world of cricket.
Here’s a breakdown of the prize money allocations for the ICC Men’s Cricket World Cup 2023:
- Winner: USD 4,000,000
- Runner-up: USD 2,000,000
- Losing Semi-Finalists (2 teams): USD 800,000 each (totaling USD 1,600,000)
- Teams eliminated after the Group Stage (6 teams): USD 100,000 each (totaling USD 600,000)
- Winner of each Group Stage match (45 matches): USD 40,000 each (totaling USD 1,800,000)
This substantial prize money distribution is set to add an extra layer of excitement and motivation to what promises to be an unforgettable cricket tournament in 2023.