The International Cricket Council (ICC) has taken a decision to double the prize money of the winners of the Women's World Cup. The winner will now receive a sum of $1.32 million and has also increased the overall prize money pot by 75%.
The eight teams will get a share of $3.5 million.
The team that will end as the runners-up will get $600,000 while the teams who will bow out in the semis will receive $300,000 each.
Apart from this, the four other teams will get a sum of $70,000. The teams will also be rewarded $25,000 per win in the group stage.
"This marks an increase in the prize money during the Women's Cricket World Cup for consecutive editions. The prize money between the 2013 and the 2017 edition witnessed a tenfold increase, going up from $200,000 to $2 million," an ICC statement said.
The tournament will be played in a round-robin format with 28 games to be played and the four teams which will have the most points will advance ahead.
"The matches will be played across six venues with the tournament opener taking place between hosts New Zealand and West Indies at Bay Oval in Mount Maunganui. The final will be played at Hagley Oval in Christchurch on April 3," the statement added.