With the rising of cricket's popularity, new leagues, rules, and methods have been introduced in cricket. Different kinds of leagues get introduced every now and then, mostly in T20 matches. The purposes of these leagues are to popularize the sport and entertain a large base of audience. These leagues mostly occur at the domestic level in most of the cricket-playing countries. The England and Wales association introduced the first-ever T20 domestic league, Twenty20 Cup in 2003. Nowadays it is called T20 blast and also Vitality Blast due to sponsorship reasons. The prize money is different for all the leagues and this is a list of prize money of the top 5 T20 leagues in the world.
Indian Premier League, IPL has the most enormous prize money for the title winners. BCCI has allotted a huge 20 crore rupees for the winners. In 2007, the Board of Control for Cricket in India, BCCI established IPL. The popularity of IPL is unparallel to the other cricket leagues. It mainly eventuates between 8 teams of 8 different Indian cities. The second half of the 13th edition of IPL is starting from the month of September in UAE and Oman. Mumbai Indians is the defending champion of IPL.
Read also: Teams with most wins in IPL history
Bangladesh Premier League comes second on this list of prize money of the Top 5 T20 leagues in the world with 6.19 crore rupees. BPL is a professional Twenty20 cricket league taking place in Bangladesh comprising of 7 teams. Firstly, It is one of the 3 professional cricket leagues hosting in Bangladesh. Secondly, it is the 16th most-attended premier league in the world. The Bangladesh Cricket Board formed the Bangladesh Premier League in 2011 after the suspension of the National Cricket League T20. The league mainly starts in the month of November every year and however each franchise faces each other twice in the matches. Rajshahi Royals is the defending champion of this league.
Pakistan Super League, PSL is a professional Twenty20 league that eventuates between 6 teams of 6 different cities in Pakistan. The Pakistan Cricket Board found this league in 2015. And the first-ever match took place in 2016. PSL is the 2nd league on this list with 3.67 crore rupees. Karachi Wings beat the Lahore Qalandars and won their maiden PSL title in PSL 2020. As a result, the defending champions of the Pakistan Super League is Karachi Wings.
The Big bash league has the fourth-highest prize money among every T20 league in the world. With prize money of 3.27 crore, Cricket Australia formed BBL in 2011. BBL is an Australian professional T20 league that occurs every year in Australia during the summer. In the month of December, January and February, 8 city-based franchises face each other in this league. The Sydney Sixers and the Perth Scorchers are the most successful teams in this league. Moreover, Sydney Sixers is the defending champion of BBL.
T20 Blast is a professional 20-20 league mainly for the English and Welsh first-class countries. It is the first-ever T20 league and England and Wales Cricket Board introduced it in 2003. Previously it was known as the Twenty20 Cup from 2003 to 2009, then from 2010 to 2014, it was called the Friends Provident t20 and Friends Live t20. Later it was known as the NatWest T20 blast from 2014 to 2017. For commercial sponsorship reasons, the T20 blast is known as Vitality Blast from 2018. This league has 1.80 crore rupees as their prize money. Also, The Notts Outlaws defeated Surrey in Vitality Blast 2020 and became the winner.