The Indian Premier League (IPL) came into being in 2008, as the first major franchise league in T20 cricket. Since then, it has only grown in stature to become a behemoth in world cricket.
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The big money available in the league means that players of all kinds, from established internationals to grassroots-level players looking to make it big can get a foot in the door at the top level. In addition to growing on its own, the IPL has also served as an inspiration for other countries to set up their own T20 leagues.
As big as it is today, how does the prize on offer in the IPL stack up to that of the other franchise leagues around the world?
Is IPL the biggest cricket league in the world? Comparing IPL prize money to other T20 leagues
The IPL has the biggest prize purse of any major franchise league in the world, at over 5.6 million USD. The newly established SA20 league offered a total of 4 million USD in prize money. This is a significant increase from the prizes on offer in the now-defunct Mzansi Super League, thanks to the investment from IPL team owners.
MORE: Which team has the most expensive squad at IPL 2024?
| Competition | Country | Total Prize Purse (USD) |
|---|---|---|
| Indian Premier League | India | 5.6 million |
| SA20 | South Africa | 4.0 million |
| Bangladesh Premier League | Bangladesh | 2.2 million |
| Caribbean Premier League | West Indies | 2.2 million |
| ILT20 | UAE | 1.3 million |
| Vitality Blast | England | 1.3 million |
| Super Smash | New Zealand | 0.8 million |
| Pakistan Super League | Pakistan | 0.7 million |
| Major League Cricket | USA | 0.7 million |
| Big Bash League | Australia | 0.6 million |
| GT20 Canada | Canada | 0.3 million |
| Lanka Premier League | Sri Lanka | 0.1 million |
While the IPL benefits from being the first major T20 league of its kind, its constant growth has also been thanks to the emergence of the Board of Control for Cricket in India (BCCI) as a significant force in world cricket. Earlier this month, financial statements revealed that the BCCI's net worth is currently Rs 18760 crore, 28 times higher than the next most valuable cricket board (Cricket Australia).
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