The league returned to its original home-and-away format after a four year hiatus. Due to the COVID-19 pandemic, the previous three seasons were held at neutral venues. "Fan parks" were organised in 45 cities, events which last occurred in 2019, and an opening ceremony took place for the first time with performances from Arijit Singh, Tamannaah Bhatia, and Rashmika Mandanna.
The teams are divided into two groups (A and B) of five teams. Each team plays twice against all five teams in the other group (home and away), and once against all four of the teams in its own group. All teams play seven home and seven away games.
The league stage was played at 12 stadiums in India.
In the playoffs phase, the first qualifier and eliminator matches were played at Chennai and the second qualifier and the final were played at Ahmedabad.
The four top-ranked teams will qualify for the Playoffs.
Advance to Qualifier 1
Advance to Eliminator
The schedule for the group stages was published on 17 February 2023.
The full schedule for the playoffs was announced on 21 April 2023.
In June 2022, the broadcasting rights for the league between 2023 and 2027 were sold for ₹48,390 crore (US$5.7 billion), establishing the league as the second most expensive tournament in the world after the National Football League, overtaking the English Premier League. Star Sports renewed its television contract, and Viacom18 acquired the digital rights within India; matches were streamed for free on JioCinema. The final peaked at over 32 million viewers on JioCinema, overtaking a match from the 2019 Cricket World Cup as the most concurrent viewers on a live streaming event worldwide.
In this IPL season, matches took longer time to finish due to teams bowling at a slow over-rate. According to the IPL rules, an innings should be completed in 90 minutes, including two 5-minute strategic timeouts, and a complete match should be finished in stipulated 3 hours and 20 minutes. However, as of 5 April 2023, not a single innings had ended in the above-mentioned time frame. Despite penalizing team captains, the over rates have seen little improvement.
The 2023 season saw the introduction of the impact player rule which allowed for each team to provide a list of 5 players along with the list of their playing 11. Of these 5 designated players, any impact player could then be bought on to feature in the match.
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In fan parks, the league installs a large screen where audiences can watch matches.
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The Impact Player can only be an Indian player unless there are less than 4 overseas players in the Playing XI.
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Rashid Khan captained GT for their match vs. KKR when Hardik Pandya was ruled out. /wiki/Rashid_Khan_(cricketer)
Krunal Pandya captained LSG after KL Rahul was ruled out due to injury in the match against RCB /wiki/Krunal_Pandya
Suryakumar Yadav captained MI for their match vs. KKR in which Sharma was added as an Impact Player due to injury. /wiki/Suryakumar_Yadav
Sam Curran captained PBKS for two matches in which Dhawan was injured. /wiki/Sam_Curran
Virat Kohli captained RCB for two matches in which Du Plessis was added as an Impact Player due to injury. /wiki/Virat_Kohli
Bhuvneshwar Kumar captained SRH for their first match as Markram was unavailable. /wiki/Bhuvneshwar_Kumar
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It was the first IPL in history which had a reserved day and the game was held on it.
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