How much incentive money does the United States award to its Olympic medal winners? According to CNNmoney.com, the United States Olympic Committee gave out the following amounts in 2004:
$25,000 to gold medal winners, $15,000 to those who take home a silver and $10,000 for a bronze
I guess it’s safe to assume that U.S. medalists in the Beijing Olympics will receive a higher monetary incentive.
Update: A listing of financial incentives to Olympic athletes from different countries is published at How Much Money Do Olympians Make.
4 comments ↓
Now is that $25,000 a month for gold medalist? Cause Thai gold medalist makes $314,000.
Hi Anonymous,
Nope it’s a one-time incentive and not monthly. I think countries with a lesser chance of winning medals offer higher incentives to their medalists. I made a list here at How Much Money Do Olympians Make. Note that Thailand is offering the highest money so far.
Thanks for dropping by.
Now, is this $25k per Gold Medal? Michael Phelps got 8 and @ @25k a piece, thats $200k?
[...] they receive more “reward” money than their American counterparts who get US$25,000 for a gold medal. But they don’t do as well as Thai gold medalists who are given [...]
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