What’s The Tata IPL 2023 Prize Money? Find Out Here! Last Updated: May 16, 2023 Valued at a staggering $10.9 billion (approx. ₹90,000 crores) at the beginning of the 16th season this year, the Indian Premier League has registered a 900% growth in value since it started in 2008. For a domestic league this grand, the IPL 2023 prize money is undoubtedly massive too, and so is the IPL online betting scope. In this blog, we’ll read all about the IPL first prize money, along with the IPL prize money in 2022 and all other seasons. Stay with us and check for yourself what a gigantic money-mining machine the IPL is! MOST IMPORTANT INFORMATION IPL 2023 prize money IPL 2022 prize money IPL runner-up prize money Quick links How Much Is The IPL 2023 Prize Money? IPL Winner Prize Money 2023 IPL Prize Money: From 2008 - 2022 IPL Franchise Valuations In 2023 How Much Is The IPL 2023 Prize Money? Ranked as the world's fourth-richest sports league in terms of revenue, the IPL is the only domestic cricket competition in the list of the top 10 sports leagues, with revenues touching $7 billion (approx. ₹56,000 crores as of the day of writing). Given the dazzling riches, one would assume that the prize money would be generous, and rightly so. From a relatively humble ₹4.80 crore in 2008, the IPL prize money has grown by more than 4x over these 15 seasons. So, what is the IPL prize money in 2023? IPL Winner Prize Money 2023 At present, the IPL 2023 prize money for the winning team is ₹20 crores, the same as the IPL 2022 prize money. Given the rapid hike in the league’s valuation (from approx. $6 billion in 2020 to almost $11 billion now) coupled with the BCCI’s decision to increase the prize money for other domestic tournaments like the Ranji Trophy and the Duleep Trophy in 2023, there have been speculations that the winning team will get a 20-25% prize hike. No official announcements so far, though! IPL 2023 Runner-up Prize Money The runner-up prize money has also increased over the years, and this season, the runner-up team is expected to take home ₹13 crores. IPL 2023 Prize Money for 3rd & 4th Teams If you thought reaching the qualifiers would fetch the team no money, think again. The losing team in the second qualifier (or the 3rd-place team) gets ₹7 crores, and the team losing the eliminator (the 4th-place team) gets ₹6.50 crores. IPL 2022 Prize Money The IPL winner prize money in 2022 was ₹20 crores, while the runner-up team took home ₹13 crores. Looking to bet on the IPL? Check out some of the top-rated betting apps below. IPL Prize Money: From 2008 – 2022 Here’s a list of the IPL prize money for all the seasons, right from 2008 until now. SeasonWinning TeamIPL Winner Prize Money (in ₹ crores) Runners-UpIPL Runners-Up Prize Money (in ₹ crores) 2022Gujarat Titans20Rajasthan Royals13 2021Chennai Super Kings20Kolkata Knight Riders12.50 2020Mumbai Indians10Delhi Capitals6.25 2019Mumbai Indians20Chennai Super Kings12.5 2018Chennai Super Kings20Sunrisers Hyderabad12.5 2017Mumbai Indians15Rising Pune Super Giants10 2016Sunrisers Hyderabad15Royal Challengers Bangalore10 2015Mumbai Indians15Chennai Super Kings10 2014Kolkata Knight Riders15Kings XI Punjab10 2013Mumbai Indians10Chennai Super Kings5 2012Kolkata Knight Riders10Chennai Super Kings5 2011Chennai Super Kings10Royal Challengers Bangalore5 2010Chennai Super Kings10Mumbai Indians5 2009Deccan Chargers4.80Royal Challengers Bangalore2.40 2008Rajasthan Royals4.80Chennai Super Kings2.40 IPL Franchise Valuations In 2023 According to Forbes, the Indian Premier League has seen a massive surge in the average franchise value from $67 million in 2008 to $1.04 billion in 2023. Here are the latest valuations of the IPL franchises as of 2023: Franchise OwnerValuation Mumbai IndiansReliance Industries$1.30 billion Chennai Super KingsIndia Cements$1.15 billion Kolkata Knight Riders Red Chillies Entertainment$1.10 billion Lucknow Super Giants RP-Sanjiv Goenka Group$1.075 billion Delhi CapitalsGMR Group, JSW Group$1.035 billion Royal Challengers BangaloreUnited Breweries$1.025 billion Rajasthan RoyalsEmerging Media Ltd.$1 billion Sunrisers Hyderabad Sun TV Network$970 million Punjab KingsPZNZ Media, Mohit Burman, Ness Wadia$925 million Gujarat Titans CVC Capital Partners$850 million