ICC announces record prize money for Women's T20 World Cup 2024

In a landmark decision, the International Cricket Council on Tuesday announced equal prize money for men and women in World Cups, starting with next month's women's T20 showpiece, the purse for which has been hiked by a staggering 225 per cent to $7.95 million.

The winners of the women's T20 World Cup will walk away with $2.34 million from this fund, a 134 per cent increase on the $one million awarded to Australian women when they clinched the title in South Africa in 2023, said the ICC in a statement.

Men's T20 World Cup champions India had received $2.45 million in cash prize earlier this year.

"The ICC Women's T20 World Cup 2024 will be the first ICC event where women will receive the same prize money their as male counterparts, marking a significant milestone in the sport's history," said the ICC.