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The International Cricket Council (ICC) on Tuesday announced that equal prize money will now be awarded to men and women in the World Cup, starting with the ICC Women's T20 World Cup 2024 to be held in the United Arab Emirates next month.
Also Read: ICC Women's T20 World Cup 2024 Schedule: India to play New Zealand first, followed by Pakistan
Prize money increased by 134 percent
According to the ICC statement, the team that wins the Women's T20 World Cup 2024 will now get US$ 2.34 million. Australia had received prize money of $1 million for winning the World Cup played in South Africa last year. In this way, it has increased by 134 percent.
The ICC said, the ICC Women's T20 World Cup 2024 will be the first ICC tournament in which women will receive equal prize money as men, which will be a significant achievement in the history of the game.
ICC decided to equalize the prize money seven years ahead
The decision was taken at the ICC Annual Conference in July 2023 when the ICC Board decided to equalize the prize money seven years ahead of its previously scheduled 2030 schedule. Cricket thus becomes the first major sport in which the World Cup has equal prize money for men and women.
The Indian men's team had received prize money of 23 lakh 40 thousand US dollars for becoming the winner of the Men's T20 World Cup 2024 played in America and West Indies this year.
Also Read: ICC Women's T20 World Cup 2024: BCCI name 15-member squad for the tournament
The stage is set for the historic moment
The stage is set for what will be a historic moment for the Women's T20 World Cup 2024, as the world's best teams clash for the coveted title and record-breaking prizes.
All group matches will be completed before October 15, after which all eyes will be on the semi-finals to be held on October 17 and 18. The winning teams of semi-finals one and two will face each other in the final for the trophy on October 20.