Winners of 2022 T20 World Cup to get prize money of US $1.6 million

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The winners of the 2022 T20 World Cup in Australia will take home a prize money of US $1.6 million, the same amount as the last year’s edition, the ICC announced on Friday.

Similarly, the runners-up will collect $800,000 and the two losing semi-finalists $400,000 each.

The 16-team tournament, starting October 16, will be played in two rounds.

The eight teams will play the first round. For any win in this round, a team will receive a prize money of $40,000.