The International Cricket Council (ICC) announced that the winner of the men’s T20 World Cup 2021 will get 1.6 million dollars in prize money, with the runners-up receiving half of that amount. The ICC also announced that the two losing semifinalists will get $400,000 apiece from the November 10 and 11 matches.

The tournament which will be held in the United Arab Emirates and Oman from October 17 to November 14, will award a portion of the 5.6 million dollars in prize money to each of the 16 competing teams.

There will be a bonus amount for each match a team wins in the Super 12 stage, much like in the 2016 edition of the event. Each of the 30 winning teams in that phase will receive 40,000 dollars, for a total prize pool of 1,200,000 dollars. Afghanistan, Australia, England, India, New Zealand, Pakistan, South Africa, and the West Indies have all confirmed their participation in the Super 12 stage.

The eight men’s T20 World Cup teams whose campaigns conclude in the Super 12 stage will win 70,000 dollars each, for a total of 560,000 dollars. For first-round triumphs, the same format applies, with 40,000 dollars awarded to those who win each of the 12 games, totaling 480,000 dollars.

Bangladesh, Ireland, Namibia, the Netherlands, Oman, Papua New Guinea, Scotland, and Sri Lanka are among the teams whose campaigns begin in the first round.

In the meanwhile, each ICC Men’s T20 World Cup game will feature two scheduled drinks Intervals. They will be taken at the halfway point of each inning and will last 2 minutes and 30 seconds.