KATHMANDU: The International Cricket Council (ICC) has announced a record-breaking prize fund of $11.25 million USD for the Men’s T20 World Cup 2024, with the champions set to receive at least $2.45 million. This prize pool is the largest in the history of the tournament.

The ninth edition of the T20 World Cup will feature 20 teams competing over 28 days across nine venues in the West Indies and the USA, making it the largest event of its kind. The runners-up will earn a minimum of $1.28 million, while the semi-finalists who do not advance will take home $787,500 each.

Teams that fail to progress past the second round will receive $382,500 each, with those finishing between ninth and twelfth place earning $247,500 each. Teams ranking from thirteenth to twentieth place will each earn $225,000. Additionally, every team will receive an extra $31,154 for each match won, excluding the semi-finals and final.

The tournament will begin with 40 matches in the first round, progressing to the Super 8s, followed by the semi-finals held in Trinidad and Tobago and Guyana. At the Kensington Oval in Barbados, the crowning of the 2024 men’s champions will occur in the final match. ICC Chief Executive Geoff Allardice highlighted the historic significance of this event, noting that the prize money reflects the tournament's scale and impact, with hundreds of millions of fans expected to be entertained worldwide.