IPL vs PSL Prize money: Let’s look at the recently crowned PSL Champions Lahore Qalandars’ prize money in comparison to the 2022 IPL Champions Gujarat Titans.
In the final match of the PSL, Lahore Qalandars won the PSL Final by a narrow margin of one run against Multan Sultans, captained by Mohammad Rizwan. After winning the toss, Qalandars chose to bat first and claimed the championship title.
Whenever there is a discussion about cricket tournaments like IPL and PSL, the anticipation of India and Pakistan always arises, and it’s no different in this case. It’s natural to draw comparisons between the two leagues.
Despite the similarities, there are some differences, such as the prize money awarded to the winning teams. For instance, Shaheen Afridi’s Lahore Qalandars received approximately INR 3.4 crore for winning the PSL, while Hardik Pandya’s Gujarat Titans, the winners of IPL 2022, received a significantly higher amount of INR 20 crore.
Read more: “You Will Forever Be In My Heart,” Says English Cricketer Matt Dunn in a Heartfelt Condolence After His Daughter’s Demise
IPL vs PSL prize money: Let’s look at the list of prize money major cricket tournaments reward
Here’s a list of different leagues and the prize money the winning team gets. It is to be noted that these amounts are approximate and can vary on a year-to-year basis
- IPL: 20 cr
- ICC: 13.02 cr (T20 World Cup)
- CPL: 8.14 cr
- BPL: 6.92 cr
- BBL: 3.66 cr
- PSL: 3.40 cr
IPL is the more lucrative of the two leagues and generates higher revenue through sponsorships, broadcasting rights, and other sources. PSL is still a relatively new league and is yet to match IPL’s revenue and popularity.
Read more: “Catch of the Year”: Mohammad Kaif Takes a One-Handed Blinder of a Catch to Dismiss Upul Tharanga in the LLC 2023 Eliminator Match
Recently, BCCI sold the broadcasting rights for the IPL for which many bidders participated. The final count for the TV rights stands at ₹23,575 crores while the digital rights closed at 20,500 crores.
There is still a very long load for PSL to compete with its counterpart in terms of viewership and revenue generation. Whereas IPL competes in a league of its own where no other cricket tournaments come closer to it.
However, if we look at things from a cricketing aspect, both leagues are considered among the top cricket tournaments along with BBL. Both leagues have their unique strengths and offer exciting cricketing action to fans. The choice between IPL and PSL ultimately depends on personal preferences and loyalties.