The international cricket council (ICC) has announced increase in T20 World cup prize money fund by a massive 320% compared to 2018 event. The increase in prize money is under the long term plan of ICC to bring men and women’s cricket on par as far as the prize money are concerned.
Men & Women ICC T20 World Cup 2021 Prize Money Fund (Confirmed)
Both men and women’s T20 World Cup in 2021 will have $5.6 million prize money fund each where winners of both competition will pocket $1.6 million, Runners-up taking home $800,000 and all competing teams will get $100,000 as world cup appearance fee both in men and woman formats.
| STAGE | Men's T20 World Cup | Women's T20 World Cup |
|---|---|---|
| Participation Fee | $100,000 every team | $100,000 every team |
| Semifinal losing teams | $400,000 each | $400,000 each |
| Runners-ups | $800,000 | $800,000 |
| Winners | $1.6 million | $1.6 million |
| Individual awards (man of the series, top run scorer etc) | $300,000 | $300,000 |
| Total Prize Money fund | $5.6 million | $5.6 million |
ICC are trying to put woman cricket on the same level as men cricket and when they announced same prize money for both genders it was taken as a very positive step towards road map to make women game as main-stream as the men’s cricket.