The winners of the ICC Champions Trophy tournament, commencing on June 6, will pocket a prize money of $2 million while the runners-up will be richer by $1 million.
The total prize money of the 50-over event is worth $4 million and even the losing semifinalists will get $400,000 each.
The ICC will be paying $100,000 to the two third placed teams in each group.
The three venues for the tournament are Cardiff, Edgbaston and the Oval.
India will be playing its opening match of the tournament against South Africa in Cardiff on June 6.
The marquee match between India and Pakistan will be held in Birmingham on June 15.— PTI