Women to pocket record prize money at 2024 T20 World Cup

DUBAI, United Arab Emirates (CMC):

The 10 countries participating in the 2024 Women's T20 World Cup will receive a substantial boost in prize money, with more than US$5 million being dished out when compared to the 2023 tournament.

The International Cricket Council (ICC) on Tuesday announced that the winners of the competition, slated to be held in the United Arab Emirates October 3-20, will take home a staggering US$2.34 million, marking a 134 per cent increase from the $1 million awarded to the champions, Australia, in 2023.

Additionally, the runners-up will walk away with US$1.17 million, and the semi-finalists will receive US$675,000 each, more than three times their 2023 payout.

In total, the overall prize totals US$7,958,080, a massive increase on the US$2.45 million dished out last year.

The prize money extends beyond the knockout stages, as each group-stage win will now be rewarded with US$31,154, reflecting a 78 per cent increase from last year's US$17,500.

Furthermore, teams that exit during the group stage won't leave empty-handed.

There is a base prize of US$112,500 awarded to all 10 participating teams, totalling $1.125 million. This ensures that every team receives substantial support for their participation, no matter where they finish.

Teams finishing fifth to eighth will earn US$270,000 each, and teams finishing ninth and 10th earn US$135,000 each.

These changes underscore the ICC's commitment to growing and recognising women's cricket, ensuring that all teams and players are well supported.

"This historic prize rewards not only aligns with the ICC's vision for parity between the men's and women's games, but also further elevates the status of the Women's T20 World Cup as one of the premier events in the calendar," the ICC said in its press release.