The International Cricket Council (ICC) announced that the Men's ODI World Cup winner in India will receive USD 4 million from the total prize pool of USD 10 million. Read more on TOI
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The Cricket World Cup is an international cricket tournament organized by the International Cricket Council (ICC). The tournament takes place every four years and features teams from all over the world competing for the title of world champions in the One Day International (ODI) format. The prize money for the Cricket World Cup has increased significantly over the years. In the 2019 edition held in England and Wales, the total prize money was set at $10 million. The winning team, England, received a prize of $4 million, while the runner-up, New Zealand, received $2 million. The distribution of prize money is not limited to just the top two teams. The teams that finished in the top four received different amounts. The team that finished third, Australia, received $800,000, and the team that finished fourth, India, received $800,000 as well. In addition to the prize money, the ICC also awards individual prizes to outstanding players throughout the tournament. These individual awards include the Player of the Tournament, Best Batsman, Best Bowler, and Spirit of Cricket Award, among others. The prize money for the Cricket World Cup is determined by the ICC and is funded by revenues generated from broadcasting rights, sponsorships, and ticket sales. The increase in prize money over the years reflects the growing popularity and commercial success of the tournament. The next Cricket World Cup is scheduled to take place in India in 2023, and it is expected that the prize money will continue to increase, further incentivizing teams to perform at their best and provide an exciting spectacle for cricket fans worldwide.