The ICC has announced that the Women’s T20 World Cup 2024 winner will be given the equal prize money as their male counterparts in a first-of-its-kind move, announced on 17 September 2024, for cricket to see a monumental day of gender equality.
The prize money for both men’s and women’s tournaments will be standardized and the same, as concluded at ICC’s annual conference in July. The winner of the 2024 edition of Women’s T20 World Cup will now claim a humongous amount of 2.34 million USD which has seen a massive jump of 134% from 1 million USD in 2023. The runner-up too will be treated well with a prize of 1.17 million USD compared to last year’s prize.
Equal Prize Money in Women’s T20 World Cup Is Also for Semi-Finalists
This increment impacts not only the finalists but also the semi-finalists, who will now receive USD 675,000 for comparison with their 2023 amount of USD 210,000 paid. Even teams knocked out prior to the semi-finals will benefit from this increased pool. The prize money for this tournament will rise to an amount of USD 7.96 million, a whopping 225% increase from what was paid in previous editions.
Prize money equity, first of all, was brought in for 2030, seven years early to plan, as a result of the commitment towards women’s cricket by the ICC. In addition, the decision includes equal prize money for group-stage match wins and finishing the first ICC event to achieve full prize money equality.
The ninth edition of the Women’s T20 World Cup will commence in the UAE in October 2024. This World Cup will break the record in terms of equal prize money; an unprecedented amount of equity has never been seen before, and the tournament promises to be a defining moment in the growth of women’s cricket across the globe.
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