IPL 2023 Prize Money - How Much Will The IPL 2023 Winner Get?

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.

Season	Winning Team	IPL Winner Prize Money (in ₹ crores)	Runners-Up	IPL Runners-Up Prize Money (in ₹ crores)
2022	Gujarat Titans	20	Rajasthan Royals	13
2021	Chennai Super Kings	20	Kolkata Knight Riders	12.50
2020	Mumbai Indians	10	Delhi Capitals	6.25
2019	Mumbai Indians	20	Chennai Super Kings	12.5
2018	Chennai Super Kings	20	Sunrisers Hyderabad	12.5
2017	Mumbai Indians	15	Rising Pune Super Giants	10
2016	Sunrisers Hyderabad	15	Royal Challengers Bangalore	10
2015	Mumbai Indians	15	Chennai Super Kings	10
2014	Kolkata Knight Riders	15	Kings XI Punjab	10
2013	Mumbai Indians	10	Chennai Super Kings	5
2012	Kolkata Knight Riders	10	Chennai Super Kings	5
2011	Chennai Super Kings	10	Royal Challengers Bangalore	5
2010	Chennai Super Kings	10	Mumbai Indians	5
2009	Deccan Chargers	4.80	Royal Challengers Bangalore	2.40
2008	Rajasthan Royals	4.80	Chennai Super Kings	2.40

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	Owner	Valuation
Mumbai Indians	Reliance Industries	$1.30 billion
Chennai Super Kings	India Cements	$1.15 billion
Kolkata Knight Riders	Red Chillies Entertainment	$1.10 billion
Lucknow Super Giants	RP-Sanjiv Goenka Group	$1.075 billion
Delhi Capitals	GMR Group, JSW Group	$1.035 billion
Royal Challengers Bangalore	United Breweries	$1.025 billion
Rajasthan Royals	Emerging Media Ltd.	$1 billion
Sunrisers Hyderabad	Sun TV Network	$970 million
Punjab Kings	PZNZ Media, Mohit Burman, Ness Wadia	$925 million
Gujarat Titans	CVC Capital Partners	$850 million

IPL 2023 Prize Money FAQs

Which are the best bookies for IPL betting?: We have already listed the top five bookies in the table above, but if we were to further narrow down our list of the best cricket betting sites for the IPL, then Melbet, 10CRIC, and Parimatch would top our list.
What is the IPL prize money in 2023?: The IPL 2023 prize money bucket is ₹46.50 crores, the same as last year. However, there are chances that it might see a last-moment increase of 20–25%.
How much money will the winning team get in IPL 2023? How much will the IPL 2023 runner-up get?: The IPL winner prize money in 2023 is ₹20 crores, while the runner-up will receive ₹13 crores.
How much was the IPL 2022 prize money? Ad how much was the IPL winner prize money 2022?: The IPL winner prize money 2022 was ₹20 crores, while the runner-up prize money was ₹13 crores.
What is the prize money for the 2023 IPL’s Emerging Player of the Tournament?: The IPL 2023 prize money for the emerging player is fixed at ₹20 lakhs this year.
What is the prize money for the orange cap in 2023?: Besides the emerging player award, the orange cap winner (batter with the most runs) and the purple cap winner (bowler with the most wickets) will get ₹15 lakhs each.
How does the IPL earn revenues?: The Indian Premier League is one of the most successful leagues in terms of attracting sponsors and media houses. The league mainly earns revenues from the sale of media rights and sponsorships. To give you an example of this year’s revenues, the IPL earned ₹48,000 crores in revenue from the sale of broadcasting rights to Disney and Reliance-owned Viacom 18.

Harsh Dugar

Expert on evergreen betting guides & promo pages

Harsh has been actively writing in the cricket betting space for the past three years, and being a true-blue Indian, cricket has been his natural choice since childhood. Besides, he keenly follows football (mostly the EPL and La Liga) and kabaddi.

With over five years' experience under his belt, Harsh has crafted online betting content across subjects, from bookmaker reviews to cricket betting tips and evergreen, insightful betting guides to promotions pages. Currently, Harsh is associated with LexiConn Content, a digital marketing agency based out of Mumbai.