The Indian Premier League 2023 season began from April 2023 and finals will be played in the month of May 2023. This year there will be 10 teams and 74 matches played between them. Organizers of Indian Premier League increase the purse for the winning team and playoff teams. IPL prize money, players pool reported.
| Standings | Prize Money in USD | Purse In INR | Year |
|---|---|---|---|
| Champions | $2.67m | INR 22 Crore | 2023 |
| Runner-ups | $1.76m | INR 14.5 Crore | 2023 |
| 3rd Place | $972k | INR 8 Crore | 2023 |
| 4th Place | $851k | INR 7 Crore | 2023 |
| Man of the Match | $1.2k | INR 1 lakh | 2023 |
| Man of the series | $3k | INR 2.4 lakh | 2023 |
| Orange Cap Winner | $21k | INR 18 lakh | 2023 |
| Purple Cap Winner | $21k | INR 18 lakh | 2023 |
| Emerging Player of the Tournament | $25k | INR 20 lakh | 2023 |
| Total Prize Money | $6.4 million | INR 51 Crore |
How Much Winning Team Earn from IPL prize Money?
Indian Premier League currently listed as the richest cricket T20 league in the world. Recently it’s organizers increase prize money for the teams. Before the season began there are reports that BCCI the organizers body looking to increase the prize fund for the teams which 30% more compare to previous season. However official announcement yet to be made. Only teams distribution prize money will be upto INR 51 crore which is ($6.2m) in USD currency. The winning team will receive it’s share of $2.76m estimated for the year 2023. Last year the payouts for winners is $2.2m.
How Much Runner-ups Earn in the IPL Season?
The tournament is official it will began from the month of April 2023 and finals will be in May 2023. The team who reached the final but could not lift the trophy will earn guaranteed prize money of $1.76m which is (14.5 crore in Indian currency). Based on the provided facts and reported past year purse details, IPL top two teams purse is more than PSL prize money.
- Third place team who got knocked-out of the semi finals will receive their share of $972k which (INR 8 Crore) from the fund adjusted for Indian Premier League prize money.
- Fourth place team will receive share of INR 7 Crore from the overall funds of INR 51 Crore.
- Each player who got man of the match awarded will receive share of $1.2k as of prize money.
- Man of the series award purse not reported, an estimated amount of $3k or more than this paid to the player.
Orange Cap & Purple Cap Winners Share?
A bowler and batsman who got selected for the Orange cap and Purple cap based on maximum number of wickets and runs he scored during the competition will receive share of $21k each which is (INR 18 lakh) estimated amount for the 2023.
What is Pool Money for IPL Players?
A share of 35% to 40% from the prize money distributed among the players as pool money. This data based on players pool money reported back in year 2016. If the claimed figures still paid to the players, than winning team players earn share of $868k.
Further details updated here regarding to IPL prize money, how much players make from pool money. In 2024, there will be more increase in the prize fund.