Olympic Gold medalists to receive cash prizes starting at Paris 2024 Olympic Games
Jamaica’s gold medal winners at the Paris 2024 Olympic Games will be returning home with U.S. 50 thousand dollars as prize money , that will be awarded to track and field gold medallists at the Olympic Games for the first time.
The landmark revelation came today from track and fields world governing body which will be the first international federation to award prize money at an Olympic Games, financially rewarding athletes for achieving the pinnacle of sporting success.
A total prize pot of US$2.4 million has been ring fenced from the International Olympic Committee’s revenue share allocation, which is received by world athletics every four years.
This will be used to reward athletes who win a gold medal in each of the 48 athletics events in Paris with us$50,000.
This initiative by World Athletics also includes a firm commitment to extend the prize money at a tiered level, to Olympic silver and bronze medal winners at the Los Angeles 2028 Olympic Games.
World Athletics President Sebastian Coe while sharing the details at the announcement says the introduction of prize money for Olympic gold medallists is a pivotal moment for World Athletics and the sport of athletics as a whole, underscoring the commitment to empowering the athletes and recognising the critical role they play in the success of any Olympic Games.
The payment of prize money will depend upon the World Athletics ratification process, including athletes undergoing and clearing the usual anti-doping procedures.
Each individual Olympic champion will receive us$50,000…………relay teams will receive the same amount, to be shared among the team.
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