In a landmark decision, the International Cricket Council (ICC) has announced that men’s and women’s teams will receive equal prize money in World Cup tournaments, starting with the Women's T20 World Cup in the UAE next month. The winning team will be awarded USD 2.34 million, a significant boost from the USD 1 million that Australian women earned when they won the T20 title in 2023.

This decision, made during the ICC Annual Conference in July 2023, marks a historic moment for gender equality in cricket. The ICC stated that the Women's T20 World Cup 2024 will be the first event where women receive the same prize money as men, highlighting the sport's commitment to closing the gender gap.

India's men's team, which claimed the T20 World Cup title earlier this year, received USD 2.45 million in prize money. The ICC’s move to achieve prize money equity seven years ahead of its original target of 2030 sets a precedent for other major team sports.

The Women's T20 World Cup is set to kick off in the UAE on October 3, 2024, further solidifying this new era of equality in cricket.

The champions of the upcoming Women’s T20 World Cup will receive a prize of $2.34 million, marking a substantial 134% increase from the $1 million awarded to the Australian women’s team when they secured the title in South Africa in 2023. This significant rise in prize money reflects the growing recognition of women's cricket on the global stage and the ICC's commitment to ensuring equality in the sport. By boosting the financial rewards for female cricketers, the ICC aims to inspire more participation and development in women’s cricket, further narrowing the gap between men’s and women’s tournaments in terms of both visibility and reward. This move is seen as a positive step toward promoting gender parity in sports.

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