How does prize money of ILT20, SA20 compare with that of IPL?

The inaugural editions of ILT20 and SA20 concluded on Sunday, February 12 after entertaining fans with some exhilarating cricket over the past month. While Gulf Giants eased past the Desert Vipers to lift the ILT20 trophy in Dubai, Sunrisers Eastern Cape saw off the challenge of Pretoria Capitals at the Wanderers to claim the coveted SA20 2023 title.

Australia's explosive Chris Lynn was the hero for the Gulf Giants in the title bout, guiding his side to victory in pursuit of a competitive total on a tricky surface. Following the conclusion of the final, the winners, Gulf Giants, received the prize money of $700,000 (INR 58 lakh approx). Meanwhile, Desert Vipers, who came up short in the finale, received a sum of $300,000 (INR 25 lakh approx).

SA20 2023 winners, Sunrisers Eastern Cape, completed a comfortable victory against the Pretoria Capitals in Johannesburg after the final was moved to a reserve day due to persistent rain at the venue. Aiden Markram's side were handed the trophy, along with a handsome prize money of INR 16.17 crore, while the runners-up, Pretoria Capitals, had to contend with INR 8.8 crore.

Here is how the prize money compares to that of the IPL

The two competitions received tremendous support in their inaugural editions, pulling in some of the biggest names in the shortest format of the game. The popularity has drawn competition with India's premiere T20 competition, The Indian Premiere League (IPL). The 15th edition of the tournament was won by Hardik Pandya's Gujarat Titans, who defeated the Rajasthan Royals in front of a sold-out crowd in Ahmedabad.

Gujarat Titans received a whopping prize money of INR 20 crore, while the Rajasthan Royals bagged INR 12.50 crore after an underwhelming performance in the finale.

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