Massive hike in women's T20 WC prize fund as ICC announces pay parity

Dubai, PTI: 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 USD 7.95 million.

The winners of the women's T20 World Cup will walk away with USD 2.34 million from this fund, a 134 per cent increase on the USD 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 USD 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 as their male counterparts, marking a significant milestone in the sport's history," said the ICC.