T20 World Cup 2022 winner to pocket $1.6 Million in prize money

The T20 World Cup 2022 begins in Australia from October 16.

The International Cricket Council (ICC) on Friday announced the prize money for the upcoming T20 World Cup 2022 which is slated to be played in Australia from October 16 onwards. This will be the first time the tournament will be held down under.

The winners of the tournament are going home with a whopping USD 1.6 million. At the end of the 16-team tournament that runs for nearly a month, the losing semi-finalists will each get $400,000 from the $5.6 million total prize pool.

The eight teams who exit at the Super 12 stage will receive $70,000 each. Like last year at the ICC Men's T20 World Cup 2021, a win in each of the 30 games in the Super 12 phase will be worth $40,000.

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ICC stated In an official media release: "The ICC announced that the winning side at the ICC Men's T20 World Cup 2022 in Melbourne on November 13 would receive prize money of USD 1.6 million, with the runners-up guaranteed half the amount.

The eight teams that made it directly to the Super 12 phase are Afghanistan, Australia, Bangladesh, England, India, New Zealand, Pakistan, and South Africa."

The other eight teams - Namibia, Sri Lanka, Netherlands, UAE in Group A and West Indies, Scotland, Ireland, and Zimbabwe in Group B - are split into two groups of four and will play the first round.

For a win in the first round, prize money of $40,000 will be awarded, with the 12 matches amounting to $480,000.

The teams that will get eliminated in first round will get $40,000 each.

(ICC inputs)