What is Cash Prize Money of IPL 2023?

How much money will the IPL winning team get in IPL t20 2023? It will be interesting to know about the prize money and trophy value of the IPL tournament.

Yes, you read right today we will discuss how much money and what money team players get after winning the IPL final match. Is it profitable for the winning team in the IPL?

So let’s start…

Prize Money and rewards trophy is something that motivates all the teams to play their hard form. If there is no reward for the winning team then playing the IPL cricket game is not worth it for any stakeholder.

Many people compare PSL vs IPL prize money. Or they type in google Why IPL is bigger than PSL (Pakistan Premier League). There is a simple reason for the value of money.

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In the Pakistan Premier League tournament, the winning team gets around 3.40 cores in Pakistani rupees. The PSL franchise team Lahore Qalandars recently won the PSL 7th season of 2023 against the Multan Sultans team. The Lahore Qalandars get the team 80 million dollars in prize money.

On the other hand, the runners-up team gets 32 million reward money for their hard work & performance.

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Other leading players of PSL league 2023 such as leading run-scorer, best bowler, fastest run-scorer, all-rounders, leading wicket-taker, and best fielder each get a 35 million dollar appreciation prize.

Must Read: How to Get a Job in an IPL Team?

IPL Prize Money for Team Winning IPL 2023 Final Match-

No doubt the Indian Premier League is huge and huge year by year. Not only in terms of prize money, and awards value but in many other ways.

Let’s see them one by one.

TATA IPL Title Sponsorship Money Value in 2023: This year Vivo IPL title sponsorship contract ended with the BCCI. In 2023 TATA gets the opportunity to IPL T20 title sponsorship rights with a whopping amount of Rs 670 crores in Indian rupees. Which is really big in itself.

IPL 2023 Broadcasting rights Price Value: Approx 510 million US dollars worth of Live IPL streaming rights to Star Sports and Disney+ HotStar for 5 years.

IPL T20 Prize Money Value: One side IPL T20 cricket board will give a net 20 crores INR prize money reward to the winning team of the IPL2023 title trophy.

The winning team gets paid but also the leading players in IPL get paid by the BCCI. The runner-up teams get a 12.50 crores reward from IPL. The man of the match player gets a sum of 1 lakh rupees.

And the leading players in IPL cricket like the most run-scorer (Orange Cap holder), most wicket-taker in the whole IPL season, perfect catch of the match player, most sixes hitter, and the game-changer players get 10 lahks each.

It is all about money and rewards now talk about the popularity, goodwill, and growth of the cricket league.

IPL vs PSL in terms of Price money & Goodwill-

If we compare the Pakistani and Indian Premier League with money factors, IPL is more costly than PSL. IPL gives 4x rupees to the winning team of the IPL season and extra incentives to the team players.

Moreover, the IPL T20 player with the highest batting strike rate got the Tata Safari car as an individual gift. Which was won by Kieron Pollard, Mumbai Indians all-rounder last year.

In this year’s IPL auction, almost 1,214 players registered for the IPL mega auction 2023 to play in 10 teams. Out of which 318 overseas players from 13 different countries. But only 590 cricket players finally go under the hammer of an IPL auctioneer.

The growth of IPL is steadily increasing season by season. Each year IPL board and BCCI introduce an exciting element to the league. Which helps them to engage the people and generate more revenue streams for all stakeholders of IPL T20. s

Final Thought-

IPL T20 is really a big game tournament in the world. People also appreciate this initiative where new talent serves opportunities and exciting talent gets space to learn more.

Both IPL T20 and PSL T20 cricket leagues are big in their home country boundaries.

Tell me in the comment box which is your favorite league, IPL T20 or PSL. Share with your friends, Sharing is Caring. 

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