Current:Home > InvestHow much money U.S., other countries are paying Olympic medalists at Paris Games -FutureFinance
How much money U.S., other countries are paying Olympic medalists at Paris Games
View
Date:2025-04-18 02:34:03
Winning an Olympic gold medal can be life-changing.
Depending on the athlete's nationality, it can also be pretty lucrative.
Athletes who win individual gold at the 2024 Paris Olympics while representing Malaysia, Morocco or Serbia will receive upwards of $200,000 from their country's government or national Olympic committee, according to a survey of medal payouts conducted by USA TODAY Sports. At least six other countries − including Italy, which won 10 golds in Tokyo − are offering payouts north of $100,000. And some offer added perks, like apartments and vacation vouchers, or extra money if an athlete breaks an Olympic record.
Particularly for athletes in less popular Olympic sports, where endorsement and sponsorship deals are harder to come by, the medal money can wind up making a huge difference.
"If I get first vs. fourth in this race, which is a matter of 0.3 seconds, that determines what apartment I live in next year," U.S. canoe athlete Nevin Harrison said at a media event earlier this year. "So it’s an added pressure. It’s not just, 'Oh, people are going to be really excited vs. disappointed.' It’s, 'Do I pay my bills or not?'"
Meet Team USA: See which athletes made the U.S. Olympic team and where they are from
Get Olympics updates in your texts! Join USA TODAY Sports' WhatsApp Channel
Harrison received $37,500 from the U.S. Olympic and Paralympic Committee for winning a gold medal at the 2021 Games, part of $13.2 million the USOPC distributed to athletes for medal performances in Tokyo and at other qualifying events.
How much do Team USA athletes get paid for winning an Olympic medal?
The payments offered through what the USOPC calls "Operation Gold" are unchanged for 2024. Athletes will earn $37,500 for every gold medal in Paris, $22,500 for every silver and $15,000 for each bronze.
Those figures are slightly below the norm, among the countries surveyed by USA TODAY Sports − though the U.S. usually has to pay out more medal bonuses because it usually wins more medals. Team USA finished atop the Tokyo Olympics medal table, for example, with 39 golds, 41 silvers and 33 bronzes.
USA TODAY Sports contacted the national Olympic committees of 40 countries to ask about their medal payouts, of which 25 responded. On average, the 25 respondents said they will pay athletes the equivalent of $95,000 for gold, $55,000 for silver and $39,000 for bronze. (The amounts are generally paid in the host country's currency but have been converted into U.S. dollars for consistency.)
Which countries pay their athletes the most for winning Olympic medals?
The two known highest-paying countries at the last Summer Olympics − Chinese Taipei and Singapore − did not respond to multiple messages seeking updated information. Singapore said it would pay an athlete $1 million if he or she won gold in Tokyo. Chinese Taipei said it would reward its lone individual gold medalist, weightlifter Hsing-Chun Kuo, with roughly $716,000.
Many countries said they offer separate payout structures for medalists in team events. And some pay their athletes even if they fall shy of the podium. Germany, for example, offers payouts for anyone who finishes in fourth through eighth. Morocco has medal bonuses for gold ($200,525) and silver ($125,328) that are among the highest in USA TODAY Sports' survey, but they also offer bonuses for every placement, all the way down to those who finish 32nd.
Perhaps the most interesting medal payout plan for the 2024 Games comes from Poland, which is going above and beyond as it celebrates the 100th anniversary of its first Olympic performance.
- The USA TODAY app gets you to the heart of the news — fast. Download for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.
According to a spokesperson for the Polish Olympic Committee, any athlete who wins a medal in Paris will receive between $39,974 (for bronze) and $64,958 (for gold) as well as an investment diamond, a vacation travel voucher for two people valued at roughly $25,000, and "a painting painted by respected and talented Polish artists." (The grades of the diamonds and subjects of the paintings have not been determined.)
Gold medalists will also get a significant added perk: A free place to live. Each Polish gold medalist will be given a two-bedroom apartment in the Warsaw metropolitan area.
"The apartments will be handed over to the medalists for use at the end of 2025 or at the beginning of 2026, so we cannot estimate their value today," the Polish Olympic Commitee spokesperson wrote in an email. "It will be a newly built Olympic housing estate and all Polish Olympic champions will live in the same housing estate and even in the same building."
Poland won four gold medals at the Tokyo Olympics and two at the previous Games in 2016 in Rio de Janeiro.
Contributing: Rachel Axon
Contact Tom Schad at tschad@usatoday.com or on social media @Tom_Schad.
veryGood! (561)
Related
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Clues From Wines Grown in Hot, Dry Regions May Help Growers Adapt to a Changing Climate
- Anthony Anderson & Cedric the Entertainer Share the Father's Day Gift Ideas Dad Really Wants
- As the Gulf of Mexico Heals from the Deepwater Horizon Oil Spill, Stringent Safety Proposals Remain Elusive
- DoorDash steps up driver ID checks after traffic safety complaints
- Emily Blunt Shares Insight into Family Life With Her and John Krasinski’s Daughters
- UN Climate Talks Slowed by Covid Woes and Technical Squabbles
- How Energy Companies and Allies Are Turning the Law Against Protesters
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- See Kendra Wilkinson and Her Fellow Girls Next Door Stars Then and Now
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Book excerpt: American Ramble: A Walk of Memory and Renewal
- Madonna Gives the Shag Haircut Her Stamp of Approval With New Transformation
- Lupita Nyong'o Brings Fierceness to Tony Awards 2023 With Breastplate Molded From Her Body
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Despite Capitol Hill Enthusiasm for Planting Crops to Store Carbon, Few Farmers are Doing It, Report Finds
- DC Young Fly Honors Jacky Oh at Her Atlanta Memorial Service
- Giant Icebergs Are Headed for South Georgia Island. Scientists Are Scrambling to Catch Up
Recommendation
Could your smelly farts help science?
Kristin Davis Cried After Being Ridiculed Relentlessly Over Her Facial Fillers
Khloe Kardashian Gives Update on Nickname for Her Baby Boy Tatum
Khloe Kardashian Gives Update on Nickname for Her Baby Boy Tatum
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Army utilizes a different kind of boot camp to bolster recruiting numbers
Lea Michele, Lupita Nyong'o and More Stars Dazzle at the 2023 Tony Awards
A Clean Energy Revolution Is Rising in the Midwest, with Utilities in the Vanguard