The International Cricket Council (ICC) has doubled the prize money for the winner of the upcoming ICC women's World Cup 2022 in New Zealand. The winning team will now pocket a cool $ 1.32 million, double of what was offered in the last edition in 2017.

The overall prize money pot has also seen an increase of 75 percent, with the eight teams taking home a share of $3.5 million which is $1.5 million more than the previous edition, the ICC said on Tuesday.

The runners-up will take home $600,000, which is $270,000 more than India was rewarded in 2017 for finishing second best. The two losing semi-finalists will earn $300,000 each while the four teams who exit at the group stages will be awarded $70,000, up from the $30,000 prize from the previous edition.

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Every group stage win will also earn the teams a reward of $25,000 per victory from a total pot of $700,000.

The prize money between the 2013 and the 2017 edition witnessed a tenfold increase, going up from $200,000 to $2 million. England, who won the tournament at home in 2017, took home $660,000 after beating India by nine runs to claim their fourth title.

The Women’s World Cup 2022 will see a total of 28 group stage matches will be played in a round-robin format, with each team playing each other once. The four sides with the most points will then advance to the semifinals.

A victory will carry two points while a draw, a tie, or a no-result will see them walk away with a single point.

ICC announced the six venues for the 2022 Women's World Cup. Hagley Oval will host the final. Five other venues, to be used for the league stage and semifinals, are Eden Park, Seddon Park, Bay Oval, University Oval, and Basin Reserve.

New Zealand and West Indies will play the tournament opener at Bay Oval on March 4 at Mount Maunganui and the final will be played at Hagley Oval in Christchurch on April 3. 

(PTI inputs)