Apart from the IPL 2023 prize money, the competition has also been financially advantageous for the players of several franchises, aside from being a competition of extreme class, rivalry, and opportunities. During the two-month tournament, which features ten teams, each team plays 14 matches over the course of the event. Below is IPL 2023 all prize list.
IPL Prize Money Distribution
IPL final prize money in the tournament take home close to 20 crores, while IPL 2023 runner-up prize money, who place second, take home 13 crores. The losers of the second qualifier have accumulated 7 crores, while the losers of the elimination round have accumulated 6.5 crores.
IPL 2023’s prize money reveals that the organizers reward teams according to their performance, as evidenced by the award money. The qualified teams who will be rewarded will give better performances in the next edition in order to win a larger sum so that spectators will get to witness thrilling encounters and nail-biting matches.
A variety of competitive individual awards are also given out, including “orange caps,” “purple caps,” and “super strikers,” to recognize excellence in their respective fields, each worth Rs. 15 lakhs. As well as applauding the winner of the award, motivates others to perform to their best and go on to be praised in the same way.
This award’s most interesting feature is the Emerging Player Award, which comes with a prize of 20 lakhs to boost the morale of young players. A promising young talent is highlighted in this award category every year, inspiring other youngsters to perform better in their next season if they struggled in their first.
Additionally, “Crack it Sixes” of the season, “Power Player of the Season,” and “Most Valuable Player” were awarded, with each receiving Rs 12 lakh. These awards are mostly given to hitters and sloggers in the shortest format of the game who add flavour to the game with sixes and dramatic finishes in the final overs.
IPL 2023 Winning Prize Money
IPL prize money for players each player is listed below:
|IPL Award||Prize Money|
|Purple Cap Winner||15 Lakhs|
|Orange Cap Winner||15 Lakhs|
|Super Striker of the season||15 Lakhs|
|Crack it sixes of the season||12 Lakhs|
|Power player of the season||12 Lakhs|
|Most Valuable Player||12 Lakhs|
|Game changer of the season||12 Lakhs|
|Emerging player||20 Lakhs|
This is what makes IPL one of the most celebrated leagues in the world of cricket due to players giving their 100% to the game and their morale being bolstered by the capital, which has increased exponentially throughout the years.
IPL Prize Money from 2008 to 2021
|Year||Winner (INR Crs)||Runner-up (INR Crs)||Third Place (INR Crs)||Fourth Place (INR Crs)|
History of IPL Prize Money
We are about to witness the fifteenth edition of the Indian Premier League (IPL), the richest and most glamorous T20 cricket league in the world. As IPL Stats show, the tournament has made careers for those involved, as well as prospered their lives.
There are many Bollywood stars, top-tier businessmen, and dignitaries attending the tournament. They not only bring attention to the competition but also allow cash to flow in. In each season of the IPL, prize money received by the top four teams is always a talking point.
Back in 2008, the IPL prize money was $3 million, which was equivalent to 12 crores of Indian rupees. Shane Warne, the former Australian leg spinner who captained and coached the winning Rajasthan Royals team, received $1.2 million alone.
As the tournament has grown in value by more than three times over the last 13 years, the prize money has played a significant role in understanding the tournament’s financial growth. There were INR 20 crores in prize money for the IPL winners alone during IPL 2019. While in IPL 2008, the total prize money allocated to the top four teams was only $3 million.
Due to widespread COVID-19, the prize money did not remain that high for long, and IPL 2020 was pushed from April-May to September-October-November, and the IPL 2022 will be similar to its previous edition.
Besides the postponement, the COVID-19 pandemic also prevented the Board of Control for Cricket in India (BCCI) from continuing to distribute that amount of money during the IPL 2020 tournament, as it had to be held in the UAE to ensure the safety of the players, officials, and their families. Therefore, 50% of the winnings were reduced.
There will be no similar prize money in the IPL 2022 & 2021 edition to the one in the 2020 edition. Prize money of INR 20 crores will be awarded to the winners, INR 13 crores to the runners-up, and INR 7 crores to the third and fourth-placed teams.
There will be a prize of INR 15 lakh for the winner of the Orange Cap (most runs), and a prize of INR 20 lakh for the winner of the Purple Cap (most wickets).