Every player participating in the Paris Olympic Games 2024 tries to win a medal. Winning an Olympic gold medal is a dream for any player, for which he has been struggling for years. But do you know how much money the country gives as a reward to the players who win medals in the Olympics. Today we will tell you what other countries including India give to their winning players.
How much is the reward for winning a medal
Every player who reaches the Olympics wants to return after winning a medal for his country. Although some players get success in this, some players miss it. The players who return to their country after winning the medal are given some amount of money and government facilities by the government. Let us tell you that when Neeraj Chopra won the gold medal in the javelin throw event at the 2020 Tokyo Olympics. After this, the central government gave him Rs 75 lakh. At the same time, the Haryana state government also gave him a prize money of Rs 6 crore and a category-1 government job.
How much is the reward for winning gold
The player who wins the gold medal gets a sum of Rs 75 lakh from the Government of India. However, the medal winners do not get any cash reward from the International Olympic Association or the Indian Olympic Association. Apart from this, the central government gives Rs 50 lakh as a reward to the silver medal winner and Rs 30 lakh to the bronze medal winner. The state governments also give separate rewards to the athletes on their own. Let us tell you that the player who wins the gold medal is usually also offered a government job.
It is worth noting that weightlifter Mirabai Chanu opened India’s account by winning the silver medal in the Tokyo Olympics. She received a cash reward of Rs 50 lakh from the central government and Rs 1 crore from the Manipur government. Being a railway employee, she received a separate cash reward of Rs 2 crore from her department. Apart from this, the Manipur government made her Additional Superintendent of Police.
What do players from other countries get?
USA Today Sports has published a report comparing the cash prizes given in other countries. According to them, Chinese Taipei and Singapore had promised the highest cash prizes to their athletes in the Tokyo Olympics. Singapore had said that if an athlete wins a gold medal in Tokyo, it will give him $1 million. At the same time, Chinese Taipei had said that it would reward its only individual gold medalist, weightlifter Hsing-Chun Kuo, with $716,000. Among the athletes participating in the Olympics from Malaysia, Morocco and Serbia, those who win gold medals will get more than two lakh dollars from the country’s government or National Olympic Committee.
What do you get for winning a gold medal?
Serbia will give the highest amount of $2,14,900 to the athlete winning the gold medal. Whereas, Malaysia will give $2,1,180 and Morocco will give $200,525. Italy, Lithuania, Hungary, Ukraine, Kosovo and Spain will give more than one lakh dollars to their gold medal winner. Apart from this, these countries also give some additional facilities, which include apartment or holiday voucher. If an athlete breaks the Olympic record, then he is given a separate reward.
What do American players get?
The US Olympic and Paralympic Committee (USOPC) has named the Paris Olympics ‘Operation Gold’. Each of its athletes will get $37,500 for winning a gold medal in Paris. $22,500 will be given for silver and $15,000 for bronze. The US usually has to pay more medal bonuses because it usually wins more medals. It is worth noting that the US topped the medal table at the Tokyo Olympics with 39 gold, 41 silver and 33 bronze.
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