"I passionately believe that the game has chosen the right path," ECB chairman Colin Graves said in a statement.
"Each of our members will benefit and, critically, so will the whole game.
"Our clear ambition is that this new competition will sit alongside the IPL and Big Bash League as one of the world's major cricket tournaments."
Kent is the only county that abstained from voting while Middlesex and Essex voted against the competition.
(Reporting by Aditi Prakash in Bengaluru; editing by Sudipto Ganguly)
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