The International Cricket Council has increased the World Cup 2015 prize money to a total of $10 million. This is an increase of 25% over the amount given in the last edition.
Teams participating in the tournament - which starts February 14 - stand to earn as much as $$4,020,000 provided they are unbeaten till the end. If a team loses one match en route to the title, it can still earn $3,975,000.
The World Cup - being co-hosted by Australia and New Zealand - will see 14 teams competing against each other. Divided into two groups, every side has already named its 15-member squads.
India are the defending champions while Australia have won the tournament the maximum number of times - 1987, 1999, 2003 and 2007.
The breakdown of the prize money is:
World Cup Prize Money
|Losing Semi-Finalists (Two)||US$ 600,000|
|Losing Quarter-Finalists (Four)||US$ 600,000|
|Winner of each Group Match||US$ 45,000 X 42|
|Team eliminated after Group Stage||US$ 35,000 X 6 Teams|