The first game of the IPL 2023 will take place on April 9 between Mumbai Indians vs Royal Challengers Bangalore. Compared to last year, the IPL prize money for 2023 has increased.
The competition lasts for two months and features ten teams, with every team will playing 14 games. Let’s take a look at how to IPL prize pool 2023 will be distributed between the teams.
BCCI Rose IPL Prize Money 2023
One of the largest and most costly cricket leagues in the world is the Indian Premier League. Its worth has risen to around Rs. 91k crores this year. Media rights agreements & new partnerships have been the main drivers of this expansion.
According to BCCI officials, the prize money for the IPL may be raised by 20% to 25%. The representative stated that talks to increase the prize money are in progress.
The BCCI official stated that although prize money is important in the IPL, it is not as important as it is in “other leagues.” The prize money hasn’t been updated in a while. We’ll talk about this soon,” she said.
IPL Prize Money 2023
Now IPL has a total prize pool of 46.5 crores. There is no other cricket league in the world with more prize money than this one. The winners of the IPL 2023 season will get 20 crores INR prize money.
The runners-up team in IPL 2023 will get a 13 crores INR prize share. While the 2 teams that go to the playoff round, will get INR 7 crores. The teams that go to the 4th qualifying stage will be awarded 6.5 crores INR.
| Position | Prize in INR | Prize in USD |
| Winners | Rs 20 Cr | $2.9m |
| Runner-ups | Rs 13 Cr | $1.8m |
| 3rd Place | Rs 7 Cr | $1.3m |
| 4th Place | Rs 7 Cr | $1.3m |
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Individual Awards in IPL
The list of single awards with their associated cash prize is provided below:
| Award | Prize in INR |
| Crack it sixes of the season | 12 Lakhs |
| Emerging player | 20 Lakhs |
| Game changer of the season | 12 Lakhs |
| Most valuable player | 12 Lakhs |
| Orange cap winner | 15 Lakhs |
| Power player of the season | 12 Lakhs |
| Purple Cap winner | 15 Lakhs |
| Super Striker of the season | 15 Lakhs |
IPL Prize Money History From 2008 to 2023
If we take a look at the previous IPL tournament’s prize money, it increased yearly. In 2008, the Indian Premier League prize money was 4.8 crores. While in the 2010 IPL, the prize money had gone up to 8 crores.
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In 2022, the Indian premier league winner was getting 20 crores of prize money. But this year, BCCI revealed that they will increase the prize money to previous years.
| Year | Prize Money |
| 2008 | 4.8 Crores |
| 2010 | 8 Crores |
| 2011 | 10 Crores |
| 2014 | 15 Crores |
| 2015 | 15 Crores |
| 2016 | 20 Crores |
| 2017 | 15 Crores |
| 2018 | 20 Crores |
| 2019 | 20 Crores |
| 2020 | 10 Crores |
| 2021 | 15 Crores |
| 2022 | 20 Crores |
| 2023 | 20 Crores |
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