Chennai Super Kings (CSK) and Gujarat Titans (GT) are set to clash in the IPL 2023 summit clash today at the Narendra Modi Stadium in Ahmedabad. Apart from the excitement and glamour, the league also offers substantial cash rewards for the finalist teams.
The winner of today’s final between CSK and GT will walk away with a whopping INR 20 crore, while the runners-up will bag INR 13 crore. The prize money has significantly increased over the years. In the first two seasons, the winners received INR 4.8 crore, and the runners-up collected INR 2.4 crore.
Starting from the 2010 season, the BCCI decided to raise the prize money. From 2010 to 2013, the winners earned INR 10 crore, and the runners-up received INR 5 crore. Since 2016, the prize money has seen a sharp rise, with the winners pocketing INR 20 crore and the second-placed team receiving INR 11 crore.
Due to the COVID-19 pandemic, the prize money was reduced for the 2020 season, with the title-holders receiving INR 10 crore and the runners-up getting INR 6.25 crore. In the ongoing season, the third and fourth-placed teams will also be rewarded, receiving prize money of INR 7 crore and 6.5 crore, respectively.
In addition to the team prizes, individual awards are also presented. The player with the most runs and the player with the most wickets receive INR 15 lakhs each. Other awards such as ‘Emerging Player,’ ‘Most Valuable Player,’ ‘Power Player of the Season,’ ‘Super Striker of the Season,’ and ‘Game Changer of the Season’ carry prize money ranging from INR 12 lakh to INR 20 lakh.
Here is a list showcasing the prize money for each IPL edition:
Year Winner Runners-up
- 2008 Rs 4.8 Crore Rs 2.4 Crore
- 2009 Rs 4.8 Crore Rs 2.4 Crore
- 2010 Rs 10 Crore Rs 5 Crore
- 2011 Rs 10 Crore Rs 5 Crore
- 2012 Rs 10 Crore Rs 5 Crore
- 2013 Rs 10 Crore Rs 5 Crore
- 2014 Rs 15 Crore Rs 10 Crore
- 2015 Rs 15 Crore Rs 10 Crore
- 2016 Rs 20 Crore Rs 11 Crore
- 2017 Rs 15 Crore Rs 10 Crore
- 2018 Rs 20 Crore Rs 12.5 Crore
- 2019 Rs 20 Crore Rs 12.5 Crore
- 2020 Rs 10 Crore Rs 6.25 Crore
- 2021 Rs 20 Crore Rs 12.5 Crore
- 2022 Rs 20 Crore Rs 13 Crore
- 2023 Rs 20 Crore Rs 13 Crore
The IPL continues to be a lucrative tournament with impressive prize money for the top-performing teams and players, adding to the excitement of the league.