IPL 2024 Prize money: All you need to know about how much money the winner of KKR vs SRH Final will receive

For the 2022–23 edition, the prize money for the winner remained constant at Rs 20 crore, but the runner-up got a bonus as the governing council increased it to Rs 13 crore.

Kolkata Knight Riders’ Venkatesh Iyer and Shreyas Iyer celebrate after scoring winning runs during the Final match of Indian Premier League cricket match. | Photo Credit: DEEPAK KR

When the Indian Premier League got underway in 2008, it not only changed the perception of the game but also brought about a significant change in terms of prize money.

The winning side received Rs 4.8 crore, whereas the runner-up was awarded Rs 2.4 crore in the first couple of editions, in 2008 and 2009. 

Back then, it was possibly the highest prize money for any cricket event. With DLF as its title sponsor and several top corporate outfits backing the league, the IPL eventually turned into a game-changer.

The IPL continues to be the premier tournament in the world, offering the highest prize money: Rs 20 crore for the winning team and Rs 12.5 crore for the runner-up.

Orange Cap & Purple Cap winners

The batter with the most runs is awarded the Orange Cap and a cash reward of Rs 10 lakh, whereas the Purple Cap winner, which goes to the bowler claiming the most number of wickets, also receives an equal amount of money.

The Emerging Player of the Tournament gets a cash reward of Rs 10 lakh, while the Most Valuable Player of the Season receives prize money of Rs 10 lakh. The other awards—Power Player of the Season, Super Striker of the Season, and Game Changer of the Season—also come with a prize of 10 lakh.