The winner of the 2011 World Cup will receive more than US$4million in prizemoney, after the ICC announced a total pool of US$10million for the competition, double the figure that was in place for the 2007 tournament in the Caribbean.

The ICC Board, which met in Dubai on Monday, agreed to the increase "in order to reflect the importance of the ICC's flagship competition."

Australia, the winners of the 2007 event, pocketed US$2.24million, with Sri Lanka, the runners-up, taking home US$1million. In 2003, the total prize money was the same, but the percentage handed to the top two teams was less. Australia collected US $2m as champions, while the losing finalists, India, picked up US$800,000.