ICC announces prize money for the 2023 World Cup

ICC has unveiled the highly-anticipated prize money structure for the upcoming 2023 World Cup, set to be held in India. This announcement comes as a significant milestone outlining the rewarding financial incentives awaiting the triumphant and top-performing nations in the event.

The total prize pool allocated for the ICC Men's Cricket World Cup 2023 stands at a staggering USD 10 million. The champions of this prestigious tournament, slated to conclude on 19th November, will be entitled to a substantial prize purse of USD 4 million.

In addition to the champions, the runners-up, who will vie for supremacy in the final at the renowned Narendra Modi Stadium in Ahmedabad, will be rewarded with USD 2 million.

India achieve rare ranking feat after win vs Australia

2023 World Cup
Photo by Icon Sport

However, the financial rewards are not limited to the title contenders alone. The Group Stage of this tournament promises to be an exciting battleground, with all ten participating teams engaging in round-robin matches where each side will confront the others once. These encounters in the Group Stage also offer a financial boost to the victorious teams. For every triumph in the Group Stage, teams will receive USD 40,000.

Pietersen says South Africa is a contender for the World Cup 

Furthermore, recognizing the contributions and efforts of all 10 participating teams, the ICC has ensured that even those who do not advance to the knockout rounds will not leave empty-handed. Teams that fall short of making it to the semi-finals and the final will each be bestowed with USD 100,000, acknowledging their dedication and presence on the global cricketing stage.

Prize Money Structure for the 2023 World Cup

StagePrize Money (USD)
Winner (1)4,000,000
Runner-up (1)2,000,000
Losing Semi-Finalist (2)800,000
Teams eliminated after the Group Stage (6)100,000
Winner of each Group Stage match (45)40,000

In a historic move earlier this year, during the ICC Annual Conference held in Durban, South Africa, the ICC marked its dedication to promoting gender equality in cricket by announcing equal prize money for men's and women's events. 

This momentous decision signifies a significant leap forward in the pursuit of gender parity, surpassing the previous timeline set for achieving equal prize money by 2030.

Teams in both men's and women's events will now receive equivalent prize money for matching achievements in comparable tournaments, placing a premium on gender inclusivity and recognizing the contributions of every player to the game.

The unveiling of the prize money structure for the ICC Men's Cricket World Cup 2023 comes with the start of the tournament eagerly awaited. The significant financial rewards underscore the value of cricketing excellence at the highest level as international cricket takes center stage with the Men's Cricket World Cup in 2023.


Rohit is an experienced cricket writer based in India