In its current format, the championship begins in late October or early November and is usually played over a four-week period.

Cork clubs have accumulated the highest number of victories with 17 wins.

[1] Russell Rovers are the title holders, defeating Kilrossanty by 3–12 to 1–07 in the 2024 final.

At the end of the Munster final, the winning team is presented with a trophy.

The Rody Nealon Cup is held by the winning team until the following year's final.

The winning captain accepts the cup on behalf of his team before giving a short speech.

Individual members of the winning team then have an opportunity to come to the rostrum to lift the cup.