According to the ICC's announcement on Friday, the victors of the World Test Championship Final between Australia and India at The Oval next month will get USD 1.6 million in prize money, while the losers will each receive USD 800,000.
The Oval in London will host the championship game from June 7–11 with June 12 serving as a backup date.
In addition to the WTC Mace, the event prize pool is the same as that for the first World Test Championship Final in 2019–21, totaling USD 3.8 million.
In addition to the gleaming Mace, the Kane Williamson-led New Zealand team was awarded USD 1.6 million in Southampton two years ago for defeating India by an eight-wicket margin.
The USD 3.8 million purse will be split among all nine teams, with South Africa collecting USD 450,000 for placing third in the WTC 2021–23 rankings.
England, who concluded their campaign in fourth place after a late push, will get USD 350,000.
Sri Lanka, one of the top teams vying for a position in the decisive match during the thrilling conclusion, came in fifth place and took home USD 200,000. The remaining teams, New Zealand (ranked No. 6), Pakistan (ranked No. 7), the West Indies (ranked No. 8), and Bangladesh (ranked No. 9), will get a check for USD $100,000 apiece.