India has won the T20 World Cup, and the BCCI has announced a bonus of INR 125 crore (USD 15 million) for the winning squad. The announcement was made by Board secretary Jay Shah a day after India won the final against South Africa by seven runs in Barbados. The ICC had already announced a cash prize of USD 2.45 million for the winners of the tournament, bringing the total prize money to USD 13.7 million.
Shah praised the team for their exceptional talent, determination, and sportsmanship throughout the tournament. He congratulated all the players, coaches, and support staff for their outstanding achievement.
The increase in prize money from USD 5.6 million in 2022 to USD 11.25 million in 2024 highlights the growing importance and popularity of T20 cricket on the global stage. The total prize money more than doubled from previous years, ensuring an increase in awards for all 20 participating teams.
South Africa, as runners-up, won USD 1.28 million, while losing semi-finalists Afghanistan and England received USD 787,500 each.
Players and teams were set to receive more prize/participation money from this tournament than ever before. The increase in prize money is an indication that T20 cricket is becoming increasingly popular worldwide.
In conclusion, India’s victory in the T20 World Cup was not only significant but also lucrative for everyone involved – players, teams, coaches, support staffs and even fans who watched it live on TV or online platforms.
