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$50000 per Gold medal winner in Athletics at Paris Olympics

World Athletics will pay $50000 to every gold medal winner at Paris Olympics 2024. There will be no cash prize for Silver and Bronze medal winners until 2028.

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Koushik Biswas
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World Champion and defending Olympic god medalist Neeraj Chopra will be one of the favourites to win the Gold at Paris Olympics | sportzpoint.com

World Champion and defending Olympic god medalist Neeraj Chopra will be one of the favourites to win the Gold at the Paris Olympics.

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In a historic announcement, World Athletics, the international athletics federation announced that they will become the first international federation to give cash rewards to medal winners at the Olympic Games.

Read Also: Jammu-Kashmir's Bilquis Mir set to become the first Indian woman to represent the country as a jury member in Paris Olympics 2024

48 gold medal winners to be rewarded

A total prize pot of US$2.4 will be used by them to reward 48 gold medal winners of athletics events at the upcoming Paris Olympics 2024. Each Gold medal winner will get $50000 in cash (nearly 42 lakh rupees). 

World Champion and defending Olympic god medalist Neeraj Chopra will be one of the favourites to win the Gold at Paris Olympics | sportzpoint.com
World Champion and defending Olympic god medalist Neeraj Chopra will be one of the favourites to win the Gold at the Paris Olympics  

In Paris, only the Gold medal winners will get the reward. However, in the LA Games 2028, the federation will reward the silver and bronze medal winners as well.

The relay teams will get the same amount of $50000 as well, to be shared equally among the team members.

Read Also: India at Olympics: India's medals at the Olympics by sports

The athletes need to undergo and clear the anti-doping process

The prize money will be awarded to the athletes only after the World Athletics ratification process, including athletes undergoing and clearing the usual anti-doping procedures.

"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 our commitment to empowering the athletes and recognising the critical role they play in the success of any Olympic Games," World Athletics President Sebastian Coe expressed.

Read Also: From Abhinav Brinda to PV Sindhu: Every First for India at Olympics

“We started with the Olympic dividend payments to our Member Federations, which saw us distribute an extra US$5m a year on top of existing grants aimed at athletics growth projects, and we are now in a position to also fund gold medal performances for athletes in Paris, with a commitment to reward all three medallists at the LA28 Olympic Games," he added.

Neeraj Chopra Paris Olympics 2024 Olympic