IPL Prize Money In 2023

What is IPL?

The Indian Premier League (IPL) is a professional Twenty20 cricket league in India that was founded in 2007 by the Board of Control for Cricket in India (BCCI). The league is held annually, typically between March and May, and features franchise teams from across India that compete against each other in a league match and knockout format.

The IPL has become one of the most popular cricket leagues in the world, attracting a global audience of millions. The league has also become a lucrative business, generating significant revenue for the BCCI, franchise owners, and various stakeholders through broadcasting rights, sponsorships, merchandise sales, and ticket sales.

Each IPL season features eight teams, with each team representing a major Indian city. The teams are owned by a mix of individuals and corporations, and each team is allowed to field a maximum of four international players in their starting eleven.

Prize Money for Winning Teams of IPL 2023

The IPL prize money for 2023 is summed up here:

Winner 20 Crore 20 Crore
Runners up 17 Crore
3rd Position 7 Crore
4th Position 6.5 Crore

The IPL has been credited with revolutionizing the sport of cricket by introducing a fast-paced, high-energy format that has attracted a younger and more diverse audience. The league has also been credited with promoting cricket and increasing the popularity of the sport in India and around the world.

The IPL has also been the subject of controversy, particularly around issues such as match-fixing, conflicts of interest, and the impact of the league on the traditional calendar of international cricket. However, despite these challenges, the IPL has continued to grow in popularity and has become a key fixture in the global cricket calendar.

Awards and Prize Money for IPL Players 2023

Award Prize Money
Emerging Player 20 Lacs
Orange Cap
(Leading run scorer)
15 Lacs
Purple Cap
(Leading wicket-taker)
15 Lacs
Super Striker 15 Lacs
Most Valuable Player 12 Lacs
Game Changer 12 Lacs
Power Player 12 Lacs
Maximum Sixes 12 Lacs


Overall, the IPL is a major sporting event that has had a significant impact on the world of cricket, both in India and beyond. The league has been a game-changer in terms of the format and style of cricket played and has also been a major driver of revenue and growth for the sport.