The winners of the upcoming World Cup in England will receive a record US$4 million (£3.1 million) for lifting the trophy, the International Cricket Council announced Friday.
In all a total of US$10 million is on offer during the showpiece men’s one-day international tournament, which starts later this month and lasts 46 days.
As well as the champions’ pay-out, each team that wins a group stage match will receive US$40,000 (£31,000), with the losing semi-finalists collecting US$800,000 (£625,000) and the runners-up banking US$2 million (£1.56 million).
Tournament hosts and favourites England, bidding to win the trophy for the first time, will open the World Cup when they face South Africa at The Oval in south London on May 30.
It will be the first fixture of a World Cup where all 10 teams will play each other in the group phase ahead of the knockout stages that will culminate with a final at Lord’s in northwest London on July 14.