ICC makes a bigger move in the women cricket competition. ICC increased the prize money for the women T20 world cup 2020. The upcoming world cup take place in Australia where best women cricket teams will participate. After tennis and football women get rise in the salaries and prize money in cricket.
The team who wins the T20 world will received $1 million as prize money. Runner-ups finishing behind the winners will collect $500,000. The amount is 5 times bigger than the previous competition. Almost 320% increase in the prize money make it expensive cricket tournament for the women.
| Stages | Summary | Prize Money |
| Winners | 1 Team | $1 million |
| Runner-ups | 1 Team (Losing finalist) | $500,000 |
| Semi Finalist | 4 teams (each losing semi finalist) | $165,000 |
| Quarter Finalist | 8 Teams (4 losing teams) | $80,000 |
| Group Stage Winner | Knockout | $30,000 |
| Group Stage Losing | Qualified for Quarter Finals | $20,000 |
Increase in the prize money for the women and men’s competition is to develop the cricket knowledge worldwide according “ICC officials”. They were considering extra $1 million pot for 2021 T20 world cup which makes prize money $2 million for women competition. All these development and future project discussed in ICC Board meetings in Dubai.