How Much Prize Money Does the IPL Team Final Winner Receive?

As of the 2022-23 season, the Indian Premier League (IPL) maintains its status as the foremost cricket tournament globally, with a staggering prize pool of Rs 20 crore. The winning team takes home a hefty Rs 20 crore, while the runner-up receives a substantial Rs 13 crore. The prize money details for previous and upcoming seasons are also discussed, providing a comprehensive view of this lucrative competition.

Prize Money Overview of IPL

The prize money for winning the Indian Premier League has varied over the years. In the earlier seasons, the winning team received around Rs 15 crore. However, with each passing year, the prize money has increased, reflecting the growing popularity and commercial success of the IPL. As of the recent IPL seasons, the details are as follows:

IPL 2022 Prizes

Winner: The winning team will get a cash prize of Rs 20 crore from the BCCI for becoming the champions of IPL. Runners-up: The other finalist will receive Rs 13 crore from the BCCI for finishing in the second position. Third place: The team which lost in Qualifier 2 (RCB) will be given a cash prize of Rs 7 crore by the BCCI. Fourth place: The team which lost in the Eliminator (LSG) will receive Rs 6.5 crore from the BCCI.

Prize Money from IPL's Inception to 2022

When the IPL was started in 2008, the prize money was much lower:

Winner team: Rs 4.8 crore Runners-up: Rs 2.4 crore Third place: Rs 1.2 crore Fourth place: Rs 1.2 crore

Since 2008, the prize money has significantly increased, reflecting the growing commercial success and popularity of the IPL. For instance, in IPL 2020, the winning team (MI) received Rs 20 crore, while the runners-up (DC) received Rs 12.5 crore. As IPL continues to grow, we can expect further increases in the prize money for the winners and runners-up.

Prize Money Breakdown

Especially noteworthy is the amount of prize money awarded to teams based on their final standing:

The winner takes home Rs 20 crore. The runner-up receives Rs 13 crore. The third-place team gets Rs 7 crore. The fourth-place team gets Rs 6.5 crore.

Moreover, the winner of the IPL receives the IPL trophy in addition to the cash prize. As of this year, the winner team will get a prize money of Rs 20 crore and the IPL trophy from the BCCI.

Conclusion

The prize money in the Indian Premier League (IPL) has seen significant growth over the years, with the winner taking home a whopping Rs 20 crore and the runner-up receiving Rs 13 crore. The prize money will be declared for the upcoming season by the BCCI, and it is expected to reflect the continued growth and commercial success of the IPL. For cricket fans, the prospect of winning such substantial sums adds an extra layer of excitement and importance to the IPL season.

For those interested in the IPL, staying updated on the latest details and news will be crucial, as the prize money and other aspects of the competition continue to evolve.