(NewsRadio); The International Cricket Council has announced USD 10 million as prize money for the upcoming 2023 ODI World Cup to be held in India.
The ODI World Cup is scheduled to begin on the 5th of October in India.
According to the ICC statement, the winner of the 2023 ODI World Cup will be awarded USD 4 million as prize money.
USD 2 million dollars have been set aside for the runner-up while the losing semi-finalists will receive a sum of USD 800,000.
The other six teams will exit the competition at the end of the group stages with USD 100,000 each, which essentially means everyone taking part in the World Cup are assured of this sum of money.
The winner of each league match is also assured USD 40,000.
Sri Lanka along with the Netherlands are in the main draw after securing their places through the qualifying tournament held in June and July.
India qualified by virtue of being hosts while New Zealand, England, Bangladesh, Pakistan, Australia, Afghanistan and South Africa progressed from the 2020-23 ODI Super League.
This World Cup follows a simple round-robin format with all teams playing against each other for a total of 45 league matches.
The top four will qualify for the semi-finals, to be played in Mumbai on November 15 and in Kolkata on November 16.
The semi-finals and the final will have reserve days. The defending champions England and the runner-up in 2019 New Zealand will kick off the competition in two weeks’ time.
Sri Lanka will begin the World Cup campaign against South Africa on October 7.
The hosts, India, will begin their campaign against five-time winners Australia on October 8 and then build up to the group stage’s marquee clash with Pakistan on October 14.
The matches are spread across 46 days and 10 cities with the final scheduled on November 19 in Ahmadabad.
After the recent ICC decision to offer equal prize money for both men’s and women’s events, this sets the precedent for the next Women’s World Cup in 2025.