Men’s Cricket World Cup Update 2023: ICC announces prize money, Winner gets $4 million, runner-up to take $2 million home
Men’s Cricket World Cup Update: The International Cricket Council (ICC) has announced the prize money for the winner of the upcoming Men’s World Cup 2023. The international cricket body also announced the prize money for the runner-up, the losing semi-finalist, teams eliminated after the group stage. As well as the winner of each group stage match of the much-awaited tournament (some prize money).
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Teams will have US$40,000 after every group stage win
ICC Men’s World Cup 2023 winner will get Rs 33,25,08,4000 ($4 million) whereas the runner-up of the tournament will fetch Rs 16,62,54,200 ($2 million). The losing semi-finalist, six teams eliminated after the group stage, and the winner of each group stage match will get Rs 6,65,01,680 ($800,000), Rs 83,17,710 ($100,000), and Rs 33,25,242 ($40,000). With this, the ICC will give out cash prizes worth a whopping Rs 83,13,10,500 ($10 million).
| Category | Prize Money (in Rs.) | Prize Money (in $) |
| Winner | Rs 33,25,08,4000 | $4 million |
| Runner-Up | Rs 16,62,54,200 | $2 million |
| Losing semi-finalists | Rs 6,65,01,680 | $800,000 |
| Teams eliminated after the group stage | Rs 83,12,710 | $100,000 |
| Winners of the group stage match | Rs 33,25,242 | $40,000 |
ICC announced equal prize money for men and women
The announcement of the prize money for the Men’s Cricket World Cup will also set a precedent for women’s cricket. In July this year, the ICC announced equal prize money for men’s and women’s World Cup tournaments. Teams across men’s and women’s cricket will also receive the same amount for winning each game at corresponding World Cups.
Five matches to look forward to in the Group stage –
Beginning on October 5 and lasting till November 19, World Cup 2023 will span 48 matches across 10 venues. Before the World Cup, each team will play two warm-up matches to get ready for the 46-day-long tournament. Five matches to look forward to in the Group stage are India vs Pakistan (October 14), India vs England (October 29), England vs Australia (November 4), England vs New Zealand (October 5), and Afghanistan vs Pakistan (October 23).
India is qualified for the tournament since it is the host country
A total of 10 teams will be vying for the World Cup 2023 trophy in the tournament. India is qualified for the tournament since it is the host country. New Zealand, England, Bangladesh, Pakistan, Afghanistan, and South Africa progressed from the Super League. Sri Lanka and the Netherlands had to battle it out in the Qualifier matches held in June and July this year to progress to the World Cup.
The top four teams will qualify for the semi-finals to be played on November 15 in Mumbai and on November 16 in Kolkata. The semi-finals and the final matches will have reserve days.