The Champions Trophy prize pot will increase to $6.9 million this year, a jump of 53% from 2017, with the winners receiving $2.24 million, the International Cricket Council (ICC) announced Friday. Holders Pakistan will host an ICC showpiece event for the first time in 28 years.

The Champions Trophy is being revived after eight years with holders Pakistan hosting New Zealand in the opening game of the ninth edition on Wednesday.

There has been considerable debate about the significance of the ICC Champions Trophy, especially since the number of teams competing in it is not significantly different from those in the ODI World Cup.