![]() The International Olympic Committee (IOC) doesn’t make any prize money available, though. According to a 2019 report by Money Under 30, Singapore pays Olympic athletes $1m for every gold, while Indonesia dishes out cheques for just under $750,000 to each event winner. In other countries, the prize fund for medal winners is significantly higher than that. In the United States, for example, the US Olympic and Paralympic Committee (USOPC) says it currently gives American Olympians $37,500 for each gold medal they win at the Games, plus $22,500 for every silver and $15,000 for every bronze. US Olympians paid $37,500 for every gold medal Athletes don’t get paid for taking part in the Summer or Winter Olympic Games, but do tend to receive a monetary reward from their country’s Olympic committee if they win a medal.
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