Evolution of IPL prize money over the years

The Indian Premier League (IPL) has grown significantly since its inception in 2008, becoming one of the most well-known and lucrative athletic events in the world. The IPL has established itself as a financial force in the sports industry by drawing in large viewership and attracting investors and title sponsors.

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In terms of yearly revenue, the IPL is currently the 15th highest-earning sports league, which is impressive given its brief existence. The IPL takes place during a few hectic weeks, as opposed to other big leagues that last over several months or even the entire year. Nevertheless, it makes more money per game than major international sports leagues like the English Premier League, the NBA, and the UEFA Champions League.

The winning team will get an incredible amount of prize money from the Board of Control for Cricket in India (BCCI), which further increases the league's appeal to both players and franchises.

In 2008 and 2009, while the IPL was still in its infancy, the champions took home Rs 4.8 crore, while the runners-up took home a total of Rs 2.4 crore. This sum rose to Rs 5 crore for the runners-up and Rs 10 crore for the winners in 2010. Between 2010 and 2013, CSK, KKR, and MI won the IPL, and each of these winning teams was awarded Rs 10 crore. 

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The competition gained even more recognition in 2014 as more sponsors joined, increasing the prize money for the champions to Rs 15 crore and for the runners-up to Rs 10 crore. Up until the 2017 season, this pattern persisted. 

By 2019, the winners received Rs 21 crore, and the runners-up received Rs 12.5 crore. The prize money in 2020 was impacted by the COVID-19 epidemic, though, and it decreased to Rs 10 crore for the victors and Rs 6.25 crore for the runners-up. 

This rose once more to Rs 20 crore and Rs 12.2 crore in 2021. The champions continued to receive Rs 20 crore during the 2022–2024 season, while the runners-up were given Rs 13 crore. The same is expected to be followed this year as well.

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