The Champions Trophy prize pot will increase to $6.9 million this year, a jump of 53% from 2017, with the winner receiving $2.24 million, the International Cricket Council (ICC) announced Friday.
The runner-up will get $1.12 million, and the losing semi-finalists will be awarded $560,000 each. Teams that finished fifth or sixth will each earn $350,000 while the seventh and eighth-placed sides take home $140,000.
Holder Pakistan will host an ICC showpiece event for the first time in 28 years. The eight-team quadrennial One-Day International (ODI) tournament kicks off on Feb. 19 in Karachi and the final will be held on March 9.
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There will be 15 matches across Pakistan and Dubai, after India refused to travel to rivals Pakistan, instead agreeing to play their matches in the neutral Gulf city.
The 2023 edition of the quadrennial 10-team ODI World Cup, won by Australia after they beat India in Gujarat, featured a larger number of group-stage and knockout matches and offered a $4 million prize for the winning team from a pot of $10 million.
