The prizes, which will also go to the winners of the marathon and race walk, come as the Olympic Games have shifted away from amateurism. Many medalists already earn bonuses from their home countries.
Shaunae Miller-Uibo of the Bahamas wins the gold medal during the women's 400-meters during the Tokyo Olympic Games in August 2021.Shaunae Miller-Uibo of the Bahamas wins the gold medal during the women's 400-meters during the Tokyo Olympic Games in August 2021.World Athletics, the governing body that oversees track and field competitions worldwide, will award $50,000 in prize money to gold medal winners at the 2024 Olympic Games in Paris.
In total, the World Athletics prize pot for 2024 will amount to $2.4 million for the 48 men's and women's athletics events, which include track and field competitions like the 100-meter run, pole vault and javelin, alongside road races such as the marathon and race walk. Relay teams of four will split the winnings with $12,500 apiece.
Many Olympic athletes receive medal bonuses from their home countries. The U.S. Olympic and Paralympic Committee awards its athletes $37,500 for gold medals, $22,500 for silver and $15,000 for bronze. Some countries that field far fewer athletes offer much larger bonuses: Hong Kong offers the equivalent of about $638,000 to gold medalists, and Singapore offers about $740,000. But other countries, including the U.K. and New Zealand, offer no prize money at all.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Athletics introduces $50,000 prize money for Paris 2024 Olympic gold medalistsWorld Athletics will become the first international sports governing body to award prize money to Olympic gold medalists starting at the Paris 2024 Games.
Read more »
The best budget CPU coolers you can buy for under $50Don't spend a lot on a CPU cooler unless you really have to. These excellent budget models all come in well under $50 and can compete with some of the best.
Read more »
Easy Dinner Ideas for Under $50A chef shares a handful of easy dinner ideas that won't break the bank, along with tips for saving money on groceries.
Read more »
Eva Longoria awarded $50 million for charity as part of Bezos annual prizeThe money is part of Bezos' “Courage & Civility” award to philanthropists. The actress's foundation has created mentorship and educational programs for…
Read more »
Eva Longoria receives honors, $50 million from Jeff BezosThe billionaire and his fiancée, Lauren Sánchez, gave the San Antonio actress, plus former UT Chancellor Bill McRaven, the Bezos Courage & Civility Award.
Read more »
Colorado’s popular free school meals program faces a $50 million shortfall, jeopardizing local food grantsColorado’s new voter-approved universal free school meals program is already tens of millions of dollars short, jeopardizing some of the auxiliary programs tied to the ballot measure as lawmakers s…
Read more »