The PSL Prize Money 2023 is broken down by the tournament’s champions, runners-up, and players. The total prize pool for the competition has been increased by PCB this year.
The prize money has been increased, which will encourage all players & Teams to show their best performances in the games. The main aspect is that the entire event will take place in Pakistan.
Let’s take a look at how to Pakistan Super League prize money will distribute between the players and teams.
PSL Prize Money 2023
PCB has increased the prize money for the 8th edition as compared to the previous year. In PSL 2022, the total prize money was 112 million PKR to 130 million PKR. But this year PCB has announced the total prize money of PSL 8 is $3.5 million.
In PSL 2022 season, The winning team received 90 million PKRs, but this year the PSL 2023 winner team will get 110 million PKRs. The PSL runner-up team in 2022 earned PKR 32 million, so this PSL season runner-up team will get 45 million PKRs.
| Title | in PKR | in USD |
| Winner | 110m | $500,000 |
| Runner-Up | 45m | $200,000 |
| 3rd Place | 17m | $76,000 |
| 4th Place | 10m | $44,000 |
| Man of the Match | 0.5m | $2,230 |
| Player of the Competition | 3m | $13,200 |
| Batsman of the Competition | 3.5m | $15,400 |
| Bowler of the Competition | 3.5m | $15,400 |
| Fielder of the Tournament | 3.5m | $15,400 |
| All-Rounder of the Competition | 3.5m | $15,400 |
| Spirit of the Cricket Award | 3.5m | $15,400 |
| Emerging Player of the Competition | 3.5m | $15,400 |
| Umpire of the Competition | 3.5m | $15,400 |
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Why is PSL Prize Money Increased?
If we take a look at PSLs previous editions Prize Money increases every year.
| Year | Prize Money |
| 2020 | $1 million |
| 2021 | 112 million PKRs |
| 2022 | 130 million PKRs |
| 2023 | $3.5 million |
As Pakistan Super League will be played in Pakistan, PCB hopes that prize money and income would increase. Because of the less backing from smaller sponsors in Pakistan & Dubai.
Hosting a competition abroad entails higher expenses, which leads to lower prize money. We may expect significant increases in PSL revenue the year it moves to Pakistan, which will increase the prize money funds.
How Much Will PSL Winner & Runner-Ups Get Prize?
The champion of the eighth edition of the PSL will get $500,000, or about 11,34,71,600 PKRs, and 4,08,39,200 INRs. The winning prize money is then divided equally among the team members and management.
The prize money for the PSL 8 runner-ups will be $200k, or around 45 million PKRs and 16 million INRs.
How Much Will PSL 3rd & 4th Place Teams Get Prize?
The team that loses in the semifinal game will receive 17 million PKRs. The team that finishes in 4th place in the PSL 8 season will get a total of 10 million PKRs.
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