Organised by the Board of Control for Cricket in India (BCCI), the 2023 Indian Premier League (IPL) season is about to commence on March 31 with a match between 2022 IPL champions Gujarat Titans and Chenna Super Kings in Ahmedabad.

After a gap of three years due to the Covid-19 pandemic, the 2023 IPL season will also be returning to its original home and away format where all the teams will play seven home games and seven away games. The 10 teams will play their home games at their home grounds across the nation.

A professional Twenty20 cricket league played in India, the Indian Premier League (IPL) made its debut in 2008 and is typically held annually between March and May. As of 2023, there are ten teams representing different cities in India, and each team comprises both Indian and international cricketers. Known for its high-octane matches, celebrity team owners, and large auction budgets, the league has also been credited with popularising Twenty20 cricket. Over the years, the tournament has produced many memorable moments and has been a platform for many young players to showcase their talent and earn a spot in their country’s national team.

What will be the prize money for the IPL 2023 winner?

Since its debut, the prize money for the winning team has been constantly increasing. In the 2022 IPL season, the total prize money was a whopping INR 46.5 crore. The winning team took home INR 20 crore, while the prize money for the IPL runner-up was INR 13 crore. The team which came in third place scored INR 7 crore while the team which placed fourth won INR 6.5 crore.

IPL 2023 Prize Money
Image credit: Instagram/IPL

According to reports, for the 2023 IPL season, BCCI officials are considering increasing the prize money by 20 to 25 per cent. However, as of March 2023, no official announcements have been made. So, by the looks of it, we can expect either a similar prize pool from 2022, with the 2023 IPL winner taking home INR 20 crore, or a slightly higher one.

Apart from the regular prizes, we can also expect rewards for the Player of the Tournament, Most Valuable Player, Game Changer of the Season, Emerging Player, Super Striker of the Season, Purple Cap winner, Orange Cap winner and more.

Where to watch the 2023 IPL?

For the next five years and from this season onwards, Viacom18’s Jio Cinema app will live stream the IPL matches, while Star Sports will broadcast them on television in India.

(Hero and feature image credit: Courtesy Instagram/IPL)

Frequently Asked Questions (FAQs)

Question: How much is the IPL prize money in 2023?

Answer: BCCI officials had considered increasing the 2023 IPL prize money by 20 to 25 per cent but as of now, no official announcements have been made. So, we can expect a similar prize pool as last year's - INR 46.5 crore.

Question: What is the prize money of IPL in dollars?

Answer: The prize money for the 2023 IPL season in dollars is expected to be USD 5.6 million dollars, similar to last year's.

Question: Is IPL the most expensive league?

Answer: IPL is one of the most expensive leagues in the world with an estimated revenue of USD 7 billion. However, it's the National Football League which ranks first on this list of richest sports leagues in the world in 2023.

Question: Which was the main auction of IPL 2023?

Answer: The IPL 2023 Player Auction in Kochi saw a total of 80 players being bought and INR 167 crore being spent collectively by the ten franchises.

written by.

Sanika Achrekar

Digital Writer, Augustman
Sanika lives for fashion and skincare. She enjoys writing about style, beauty, and lifestyle. She worked as a fashion writer for Man's World India magazine. When not writing about designers and trends, she likes to shop, travel, try new Sushi restaurants, practise pilates and rewatch her comfort shows.
IPL 2023 Prize Money: How Much Will The Winners Take Home This Year?