The FAI have announced the League of Ireland will see a rise of €110,000 in the overall prize money for the new season.
The overall prize money for the League of Ireland's three divisions has risen 17% from €655,000 to €765,000.
The prize money for the SSE Airtricity Women's Premier Division will increase from €55,000 in 2023 to €110,000 in 2024 after rising from €20,000 in 2021.
The Premier and First Divisions will also increase by a combined €55,000, to €545,000.
The new season comes with an increase in live television broadcasts.
RTÉ Sport will provide the majority of the coverage, as well as an extra seven live broadcasts on Virgin Media TV bringing the total number of games broadcast live on free to air TV across RTÉ, Virgin and TG4 to 48 between the men's and women's top flights.
Friday sees the President’s Cup encounter of Shamrock Rovers and St Patrick’s Athletic provide the curtain-raiser for the new season.
The Premier and First Division seasons starts on Friday, 16 February and the Women's Premier Division will begin on Saturday, 9 March.
The FAI’s League of Ireland director Mark Scanlon told RTÉ Sport that there are many positives ahead of the new season, but stadium capacities are proving a major hindrance.
Nearly all games are set to sell out in the Premier Division on night one.
The only doubt is Tallaght Stadium as it is now close to being a 10,000-seater stadium.
All other Premier venues will be filled to capacity, mostly due to being restricted to holding between 3,500 and 5,000 attendees.
Scanlon said: "The important thing now is the infrastructure; the crowds have been consistently improving for the last few seasons. A record crowd will attend the President's Cup in Tallaght Stadium.
"The vast majority of clubs at this stage have reported record-season ticket sales. The demand for the league is really there at the minute.
"Hopefully the next stage will be the investment in the facilities. It needs to happen; the facilities aren't really fit for purpose for a modern, growing football league. The likes of a new stand opening in Tallaght is positive; new stand opening in Derry City later on this year as well.
"We've exciting plans that already have been announced with the likes of Sligo Rovers and Wexford and hopefully sooner rather than later we'll see the long-awaited finish of Dalymount Park and Finn Park.
"This year is going to be another important year with the opening of the large-scale infrastructure funding; many more clubs have plans to expand their facilities."
While there is a rise in prize money, the figures are paltry in comparison to how much money it requires to run clubs in the top flight and increasing revenues from crowds.
Scanlon, however, believes it is a "significant jump" as the FAI lives within its own financial restraints:
"The prize money is being increased by 17% which is a significant increase this year. It's still difficult financial times but it's is being made possible by the fantastic support of our partners in SSE Airtricity and the broadcast partnership of RTÉ, Virgin Media and TG4. It's all very positive and it's something we would like to see going into the future.
"We’re really looking forward to a thrilling season across all three divisions this year and it’s great that we will reach an even bigger audience this season with an increase in TV coverage."
Watch Shamrock Rovers v Dundalk in the Men's Premier Division live on Friday 16 February on RTÉ2 and RTÉ Player
Follow the RTÉ Sport WhatsApp channel for the best news, interviews, analysis and features, as well as details of our sports coverage across all RTÉ platforms
