Winners of T20 World Cup 2022 to receive prize money of USD 1.6 million

 Winners of T20 World Cup 2022 to receive prize money of USD 1.6 million

The runners-up collect US$800,000 and the two losing semi-finalists US$400,000 each, as in the last edition.

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The winners of the 2022 FIFA T20 World Cup in Australia will take home $1.6 million in prize money, the same as last year's prize money, the ICC announced on Friday. Similarly, the runners-up collect $800,000 and the two losing semi-finalists $400,000 each.

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

Eight teams - Namibia, Sri Lanka, Netherlands, United Arab Emirates in Group A and West Indies, Scotland, Ireland and Zimbabwe in Group B - will play in the first round. For any win in this round, the team will receive a cash prize of $40,000.

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Four teams - the top two from each group - qualify for the Super 12 round, where they join Afghanistan, Australia, Bangladesh, England, India, New Zealand, Pakistan and South Africa. Anyone eliminated in the first round will receive $40,000.

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Also in the Super 12 stage, each win will earn the team $40,000. The eight teams that leave at the Super 12 stage will each receive $70,000, the same as in 2021.

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The total prize of the tournament is 5.6 million dollars.