In Sport for Development (SFD), sport is used as a cost-effective tool to facilitate the objectives of various organizations, not limited to increasing access to education, youth development, social cohesion, and gender equality. This review aims to systematically analyze SFD programs that contribute to gender equality and women empowerment under Sustainable Development Goal 5 (SDG 5). The PRISMA methodology was used to guide the screening and selection process. Fifteen studies were identified from the Web of Science, Scopus, and SPORTDiscus databases, the Journal of Sport for Development, forward–backward reference searches, and manual searches on four prominent sport, gender, and development researchers. The findings indicated that there was evidence of micro-level outcomes in every study and three achieved meso-level impact; however, none of these studies’ suggested changes have reached the macro-level of impact when the outcomes were reported in these articles. There was a lack of intervention studies that investigated the mechanisms and reported outcomes through a validated monitoring and evaluation process. This review provides significant insights into: (a) identifying future SFD research areas, (b) refining SFD program evaluations, (c) developing indicators of outcomes for sport programs contributing to SDG 5, and (d) reproducing sustainable development outcomes under SDG 5.