ICC T20 World Cup 2022: Here's how much the winning team would earn

The upcoming men's ICC T20 World Cup winner in Australia will take home whopping prize money of $1.6 million. It was made official by the game's governing body, the International Cricket Council (ICC), on Friday. The ICC communicated that the runner-up would be getting half the amount of the winning team's prize bag. Following the conclusion of the 16-team competition, which will be running for nearly a month, the losing semi-finalists will each get $400,000 from the $5.6 million prize pool. The eight teams walking out of the event at the Super 12 stage would gain $70,000 each.

"Like last year at the ICC Men's T20 World Cup 2021, a win in each of the 30 games in the Super 12 phase will be worth $40,000," the ICC's statement read. The eight sides making it directly to the Super 12 stage are Afghanistan, Australia, Bangladesh, England, India, New Zealand, Pakistan and South Africa.

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The other eight sides -- Group A's Namibia, Sri Lanka, Netherlands, UAE, and Group B's West Indies, Scotland, Ireland and Zimbabwe -- have been diverged into a couple of groups of four each, playing the opening round. For any triumph in the first round, $40,000 prize money would be awarded, with the 12 games amounting to $480,000.

The four sides knocked out in the opening round will earn $40,000 each. The T20WC will be held in Australia from October 16 to November 13.

(With inputs from PTI)