Cricket World Cup 2015 is just around the corner and ICC has already announced the prize money which got a 20% hike compared to the world cup 2011 which was hosted jointly by India, Bangladesh and Sri Lanka. ICC announced that a total of US$10 million will be awared to 14 participating teams with the winner pocketing minimum of $US3.975 million which can increase to $4 million if the winner stays unbeaten throughout the tournament.
Back in 2011 ICC increased the prize money pool to double of what was on offer in 2007 world cup and now for 2015 another 20% increase in the prize money is a welcome addition for the teams participating. Here is the complete breakdown on how the prize money will be awared among 14 teams in the world cup.
|Winners||$3.975 million||$4million (if unbeaten)|
|2 Losing Semi-Finalists||$600,000 each|
|4 Losing Quarter-Finalists||$300,000 each|
|6 Eliminated teams from group stages||$35,000 each|
|Winning every group match||$45,000 (for every group match win)|
History of Cricket World Cup Prize Money:
ICC has been increasing the prize money with every passing world cup, back in 2003 world cup which took place in South Africa the total prize money pool was around $4.5 million where the winner received $2million but there was no compensation for teams losing out in group stages. The prize money was more a less same for the 2007 world cup but in 20011 ICC almost doubled the total prize money pool and now there is an 20% increase.
|Winners||Runnerup||Semifinal (2 losers)||Quarterfinals (4 losers)||Total|