The International Cricket Council (ICC) has raised the prize money for the ICC World Test Championship (WTC) 2023-25, announcing a massive $3.6 million prize for the winners of the upcoming final between Australia and South Africa, set to take place at Lord’s from June 11-15.

This record-breaking purse, more than double the $1.6 million awarded to previous champions New Zealand (2021) and Australia (2023), underlines the ICC’s commitment to elevating Test cricket’s prestige and importance.

The losing finalists will also walk away with a hefty $2.1 million, surpassing the prize money awarded to past winners. This significant financial boost reflects the ICC’s push to sustain the momentum of the nine-team competition, now in its third thrilling cycle.

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WTC Final Details

The stage is set for a clash of titans at the iconic Lord’s Cricket Ground, hosting its first-ever WTC Final. South Africa, buoyed by commanding 2-0 home series wins over Sri Lanka and Pakistan, clinched their spot with 69.44 percentage points.

Defending champions Australia, finishing with 67.54 points, are eager to retain the Test Mace in what promises to be a fiercely contested battle.

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ICC Chair Jay Shah expressed his excitement, stating, “The third cycle of the World Test Championship has been captivating, with the finalists decided only in the closing stages. Australia and South Africa will deliver a fitting celebration of Test cricket at Lord’s, and I’m confident fans worldwide will witness top-class action.”

A battle of wills, minds and hearts in the Ultimate Test 👊

The #WTC25 Final at Lord's is upon us 🏟 pic.twitter.com/JsNXpmgOXD
— ICC (@ICC) May 15, 2025

What did the captains say?

Australian captain Pat Cummins, reflecting on the honour of defending their title, said, “Playing at Lord’s for the World Test Championship is a proud moment for us. South Africa will bring a tough challenge, and we’re ready to give it our all at the home of cricket.”

South Africa’s Temba Bavuma echoed the sentiment, emphasising the significance of the occasion. “Reaching the WTC Final is a huge opportunity to win an ICC title. Lord’s is the perfect stage, and we’re determined to put our best foot forward against Australia.”

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Prize Money Breakdown

The increased prize money extends beyond the finalists, with the full breakdown as follows:

Winner: $3,600,000
Runners-up: $2,160,000
Third (India): $1,440,000
Fourth (New Zealand): $1,200,000
Fifth (England): $960,000
Sixth (Sri Lanka): $840,000
Seventh (Bangladesh): $720,000
Eighth (West Indies): $600,000
Ninth (Pakistan): $480,000

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