American athletes eye $25,000 gold medal bonuses

United States Olympic Committee has concluded plans to reward American Olympians with bonus payouts for podium finishes. USOC pays athletes $25,000 for a gold medal, $15,000 for silver and $10,000 for bronze. In the question of team sports, each participating athlete also receives a full medal bonus. So when the US women’s soccer team
took home gold in London, all 18 team members got a $25,000 payout.

Medal bonuses were first introduced by USOC for the 1994 Winter Olympics in Norway.

The United States is far from the only country that has medal bonuses. Canada and Australia both pay $20,000 in their respective currencies for a gold medal (the Canadian Dollar and the Australian Dollar are both currently
trading at around $0.77 heading into this year’s Games). The United Kingdom doesn’t pay medal bonuses, while nations like Singapore, Malaysia and Kazakhstan reportedly have six-figure payouts.

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