World Athletics introduces $50,000 prize money for Paris 2024 Olympic gold medalists

World Athletics introduces $50,000 prize money for Paris 2024 Olympic gold medalists

Daily Current Affairs   /   World Athletics introduces $50,000 prize money for Paris 2024 Olympic gold medalists

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Category : Sports Published on: April 15 2024

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  • World Athletics will award $50,000 cash prize to gold-winning track and field athletes at the Paris Olympics 2024.
  • This marks the first instance of an international sports governing body offering prize money to Olympic gold medalists.
  • A prize pot of $2.4 million, sourced from the IOC's revenue share allocation, will fund the awards.
  • The initiative aims to recognize athletes' contributions and empower them, according to World Athletics President Sebastian Coe.
  • World Athletics plans to extend the bonus initiative to silver and bronze medalists at the Los Angeles 2028 Olympic Games.
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