The winner of the Champions Trophy title, which will be hosted by Pakistan and the UAE, will bag US$2.24 million and the trophy, the International Cricket Council announced on Friday.

The ICC event is returning to the sports calendar after eight years.

The last edition of the 50-over tournament was held in 2017 when hosts Pakistan had won it beating India.

The runners-up will receive $1.12 million, while the losing semi-finalists walk away with $560,000 each, from the total prize pot of $6.9 million, a 53% increase from the 2017 edition.

The eight-team cricket event will begin on February 19.

India will play all its matches in Dubai, a neutral Gulf venue, since it refused to travel to the neighbouring nation.

"Every match counts at the ICC Men’s Champions Trophy and each group match win is worth more than $34,000 to the victorious team. Teams that finished fifth or sixth will each earn $350,000 while the seventh and eighth-placed sides take home $140,000," read a statement issued by ICC.

In addition, all eight teams are assured of $125,000 each for competing in the ICC Men’s Champions Trophy 2025.

The first global cricket tournament to be hosted in Pakistan since 1996 promises to be a thrilling two-week competition, with matches played in Karachi, Lahore and Rawalpindi, marking a return of an ICC event to the country after 28 years.

The format of this year’s tournament sees the eight teams divided into two groups of four, with the top two teams in each group progressing to the semi-finals.

The ICC Men’s Champions Trophy will take place every four years with the world’s top eight ODI teams, with the Women’s Champions Trophy launching in 2027 in a T20 format.

Jay Shah says every match is critical

ICC Chair Jay Shah said, "The ICC Men's Champions Trophy 2025 represents a pivotal moment for cricket, reviving a tournament that highlights the pinnacle of ODI talent, where every match is critical."

Shah said: "The substantial prize pot underscores the ICC's ongoing commitment to investing in the sport and maintaining the global prestige of our events."

"Beyond the financial incentive, this tournament ignites fierce competition, captivates fans worldwide, and plays a vital role in fostering the growth and long-term sustainability of cricket for future generations," he said.