The IPL 2022 Prize Money for the winners was a staggering INR 20 Crore, and INR 13 Crore for the runners-up.
The losing team in Qualifier 2 match was awarded a prize money of INR 7 crore, while the team that loses the Eliminator took home INR 6.5 crore.
The BCCI is expected to increase the prize money by 20-25 per cent ahead of IPL 2023, as per senior officials. We will update the prize money for IPL 2023 as and when it is announced.
IPL Prize Money from 2008 to 2022:
|Season||Winner (INR Crs)||Runners-up (INR Crs)||Third place (INR Crs)||Fourth place (INR Crs)|
The 16th edition of the Indian Premier League (IPL) is upon us and the richest T20 cricket league in the world keeps getting better.
The tournament has not only made careers, it has also prospered the lives of those involved in it and IPL Stats says it all.
The IPL Prize money in its inaugural edition way back in 2008 was $3 million, worth INR 12 crores. The winning team, Rajasthan Royals team, famously captained and coached by former Australian leg spinner Shane Warne, alone received $1.2 million.
The tournament has rocketed its value to a multifold value over the last 13 years and the prize money over the years has been a good factor in analysing the financial rise of the tournament.
During IPL 2019, the prize money for the IPL winners alone was INR 20 crores, which was more than the entire prize money allocated for the top four teams, in IPL 2008. However, the prize money did not stay that high for long, due to the widespread COVID-19, that pushed the tournament in 2020 from April-May to September-October-November and IPL 2022 will be of the same kind as its previous edition in 2020.
Click here to find out IPL 2023 Captains.
In addition to the postponement, the COVID-19 pandemic also did not allow the Board of Control for Cricket in India (BCCI) to keep giving out that amount of money during IPL 2020 when the entire tournament had to be conducted in the United Arab Emirates for the safety of the players, officials and their families. As a result, the winnings were reduced to 50%.
The IPL 2021 and 2022 winning Prize Money was once again increased to INR 20 Crores. The runners-up took home INR 13 crores while the third and fourth placed teams received INR 7 crore and INR 6.5 crore prize money.
The winners of the IPL Orange Cap (player with the most runs), IPL Purple Cap (player with the most wickets) will earn INR 15 lakh each, whereas the IPL Emerging Player of the Tournament will earn INR 20 lakh.
The BCCI is expected to increase the prize money by 20-25 per cent ahead for IPL 2023. But, the exact amount is yet to be revealed.
Check out the full schedule of IPL 2023 here.