The ICC Men's Cricket World Cup 2023, scheduled to take place in India, has unveiled an enticing total prize pool of USD 10 million.
The tournament promises not only thrilling cricketing action but also significant rewards for the participating teams.
The champions of the ICC Men's Cricket World Cup 2023 will be bestowed with a handsome sum of USD 4 million from the total prize pool, as announced by the International Cricket Council (ICC) on 22 September.
This lucrative reward awaits the team that emerges victorious in the final showdown, set to transpire on 19 November at the Narendra Modi Stadium in Ahmedabad.
The runners-up of the World Cup, valiant contenders in their own right, will not go empty-handed.
They will receive USD 2 million as a commendable recognition of their journey to the final.
The group stage promises its own share of financial incentives. In the round-robin format, where all ten participating teams will face each other, triumphs during this phase will be rewarded.
Teams clinching victory in their group stage matches will earn USD 40,000 for each win.
Additionally, for those teams who do not progress to the knockout stage, there is a consolation prize of USD 100,000 per team.
The significance of this prize money allocation goes beyond just the 2023 Men's Cricket World Cup. It establishes a significant precedent for gender equity in cricket.
The ICC, during its Annual Conference held in Durban, South Africa in July 2023, announced that the prize money for the ICC Women's Cricket World Cup in 2025 will mirror that of the men's event.
– Winner: USD 4,000,000 – Runner-up: USD 2,000,000 – Losing Semi-Finalists (2 teams): USD 800,000 each (Total: USD 1,600,000)
– Teams Eliminated After Group Stage (6 teams): USD 100,000 each (Total: USD 600,000) – Winner of Each Group Stage Match (45 matches): USD 40,000 each (Total: USD 1,800,000)
The ICC Men's Cricket World Cup 2023 promises to be a monumental cricketing spectacle, featuring 10 competing teams.
India, as the host nation, secured a spot automatically, while New Zealand, England, Bangladesh, Pakistan, Australia, Afghanistan, and South Africa earned their places through the Super League.
Sri Lanka and the Netherlands battled their way through the Qualifier to join the elite ranks.
The tournament, spanning 48 matches across 10 venues, is set to commence on 5 October with an exciting rematch of the previous edition's final between defending champions England and New Zealand.
Prior to the World Cup's official start, each team will engage in two warm-up matches to fine-tune their preparations for the thrilling 46-day cricketing extravaganza.