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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