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Olympics prize money: £1.9 million available for Paris Olympics

World Athletics are set to become the first federation ever to award prize money at the Olympic Games in Paris this summer.

The governing body have announced a total prize pot of $2.4m (£1.9m) will be available for the Paris Olympics, with each track and field gold medallist to receive $50,000 (£39,400) each.

Established as an amateur sporting event, the International Olympic Committee does not award prize money to competitors, with medallists rewarded by other means such as payment from countries' governments, national sports bodies or commercial sponsors.

These new plans announced by World Athletics will be extended to include silver and bronze medallists for the 2028 Summer Games in Los Angeles.

This groundbreaking, innovative move from World Athletics, led by president Lord Sebastian Coe, aims to create a "stable financial landscape" for athletes.

The Paris Olympics will include 48 athletics events in total, with financial rewards for gold medallists in relay races to be spread amongst each participant.

This prize money will not apply at the Paralympics at this stage, with this sister event governed separately by World Para Athletics.

Olympics 2024 dates

  • First event (Men's football) - Wednesday 24th July 2024
  • Opening Ceremony - Friday 26th July 2024
  • Final events & Closing Ceremony - Sunday 11th August 2024

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