Current:Home > ScamsHow much money U.S., other countries are paying Olympic medalists at Paris Games -GrowthSphere Strategies
How much money U.S., other countries are paying Olympic medalists at Paris Games
View
Date:2025-04-13 08:10:50
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! (4487)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- How to get rid of body odor, according to medical experts
- Travis Kelce Professing His Love for Taylor Swift Proves He’s Down Bad
- Will Nvidia be worth more than Apple by 2030?
- Could your smelly farts help science?
- NCT's Jaehyun talks 'digging deeper' on his first solo album
- FAA grounds SpaceX after fiery landing of uncrewed launch: It may impact Starliner, Polaris Dawn
- Lana Del Rey Sparks Romance Rumors With Alligator Guide Jeremy Dufrene
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Leah Remini and Husband Angelo Pagán Share Reason Behind Breakup After 21 Years of Marriage
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- John Mellencamp's Son and Trace Adkins' Daughter Spark Dating Rumors After Claim to Fame
- Julián Ortega, Actor in Netflix’s Elite, Dead at 41 After Collapsing on Beach
- Yolanda Hadid Shares Sweet Way She’s Spoiling Gigi Hadid's Daughter Khai Malik
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Jaguar tells owners of older I-Pace electric SUVs to park them outdoors due to battery fire risk
- Lawyer blames psychiatric disorder shared by 3 Australian Christian extremists for fatal siege
- Hiker in Colorado found dead in wilderness after failing to return from camping trip
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Attorney for white homeowner who shot Ralph Yarl says his client needs a psychological evaluation
Chelsea Handler on her new Las Vegas residency, today's political moment and her dog Doug
Ukraine says one of its Western-donated F-16 warplanes has crashed
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
Man whose escape from Kansas prison was featured in book, TV movie dies behind bars
Typhoon lashes Japan with torrential rain and strong winds on a slow crawl north
Small plane makes emergency landing on highway, then is hit by a vehicle