But countries bonus schemes can differ in ways other than the amount. US Olympians used to have to pay as much as $8,900 in taxes on a gold medal bonus. Her Olympic success (two golds and one bronze so far) will likely land the gymnast even bigger contracts after the games. The United States Olympic Committee awards cash prizes of $25,000 for gold, $15,000 for silver, and $10,000 for bronze. [4], The Singapore National Olympic Council in the 1990s under President Yeo Ning Hong instituted the Multi-Million Dollar Award Programme (MAP), an incentive scheme to reward athletes who win medals in major international tournaments, including the Olympics, for Singapore. It can literally be you have a huge following on Instagram, or you can just be so good that it's undeniable. He's the fifth-highest-paid player in the NBA, but the New York Knicks athlete agreed to compete in Rio along with fellow multi-millionaires Kevin Durant, Kyrie Iving and Klay Thompson. Athleta now sponsors Simone Biles. Become a GH+ member to read and save unlimited articles. Grizzlies superstar Ja Morant finds himself the subject of controversy yet again after an early morning social media post appeared to show Morant holding a gun inside a club. Aaron: If I got to get shoes every two to three months, that's $200, $300. She was the first American woman to win medals in both the Summer and Winter Olympics. Mar 2, 2023 Updated Mar 2, 2023. The table below shows some of the top pay rates for gold medals from different countries. Malaysia diver Yan Yee Ng during the three-meter springboard preliminary round on July 30. She has also been offered two homes and free flights for life, according to reports. Phoenix Petroleum is also honoring her medal with free fuel for life. Insuring the Olympics a $2.5 billion affair. In 2017, the amount athletes earn for medals at the Olympics games was raised from $25,000 for gold, $15,000 for silver and $10,000 for bronze. Beijing individual gold medalists are entitled to 3,049 BSB, or about $143,000 at the current level. The U.S. Olympic and Paralympic Committee rewards athletes $37,500 for every gold medal won, $22,500 for silver and $15,000 for bronze. Cyprus skier Yianno Kouyoumdjian in the slalom at the world championships in February 2021. The prize for a gold medal is $25,000, $15,000 for a silver medal, and $10,000 for a bronze. Ongoing uncertainty about letting Russian and Belarusian athletes try to qualify for the Paris Olympics affects "less than half" of the 32 sports at the games. Following issues with corruption and cheating at the Olympics and Asian Games, the countrys General Administration of Sport promised to drop prizes to provincial governments for their local medalists wins, to curb the prevalence of both corruption and cheating. Russia has one of the smaller payments worldwide. Actual swimming competitions bring in less than 2% of his income, but those medals still paid out a cool $1.89 million. $15,000 - Olympic silver medal. Italy now pays 180,000 euros to its gold medalistsa 20% jump from 2016plus 90,000 for silver and 60,000 for bronze. [24], Incentives for Olympic medalists by country, Incentives by Country (USD equivalent in 2021), "Money for medals: Olympic glory can also be very lucrative for athletes from these countries", "Here's how much Olympic athletes earn for winning medals", "These 10 Countries Offer Six-Figure Payouts To Their Olympic Medalists", "Here's How Much Money Olympic Gold Medalists Win in Each Country", "How much money a Canadian Olympian earns versus the rest of the world | Offside", "Canadian Olympic Committee Athlete Excellence Fund (AEF)", "Fencers to receive 200,000 in prize money from Estonian Olympic Committee", "Hong Kong athletes chasing HK$5 million cash carrot for winning gold", "ASEAN nations offer huge rewards to Olympic medalists", "Kazakhstan to give prize money to athletes winning in Olympics", "Duterte adds P100,000 to Filipino Tokyo Olympians' game allowance", "Here's how much athletes around the world earn for Olympic victory", "Foxconn founder suggests Taiwan shower Olympic athletes with cash", "Thai stars kick off quest for Games glory", "Singapore medallists' reward scheme renamed Major Games Award Programme", "Olympic Heroes Honoured At The London 2012 Olympic Games Awards And Appreciation Dinner", "Why is government giving Hidilyn Diaz P10 million? Outside of the ring, the boxer works with his dad as a lube technician at a Kansas trucking company. For example, snowboarder Chloe Kim signed with Nike, meaning she can appear on their advertisements. .css-26w0xw{display:block;font-family:NationalBold,Helvetica,Arial,Sans-serif;font-weight:bold;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-26w0xw:hover{color:link-hover;}}@media(max-width: 48rem){.css-26w0xw{font-size:1.18581rem;line-height:1.2;margin-bottom:0.625rem;}}@media(min-width: 40.625rem){.css-26w0xw{line-height:1.2;}}@media(min-width: 48rem){.css-26w0xw{font-size:1.28598rem;line-height:1.2;margin-bottom:0rem;}}@media(min-width: 64rem){.css-26w0xw{font-size:1.575rem;line-height:1.1;margin-bottom:-0.5rem;}}Jenna Dewan Has Legs, Butt In Pole Dancing IG, Sharon Stone, 64, Flaunts Abs In String Bikini IG, Madelaine Petsch Frees The Nip With Epic Abs On IG, Kerry Washington Is So Toned In Naked Dress Photos, Simone Biles Has A Toned Butt In Bikini IG Pics, Riley Keough Flaunts Her Abs In A Crop Top On IG, Elizabeth Hurley Has A Toned Butt In A Bikini IG, Elsa Pataky Rocks Curly Hair And Epic Legs On IG, Halsey Has Sculpted Abs In Nipple-Baring Dress Pic, Madonna Has Legs In Fishnets In IG Pics, Christina Hendricks Flaunts Strong Legs In IG Pics, Gisele Bndchen Shared Her Yoga Moves In New IG. Some, like U.S. badminton player Zhang Beiwen, reportedly relied on crowdsourcing to finance their trip to Tokyo. U.S. athletes also receive other forms of support including health insurance, access to top-tier medical facilities and college tuition assistance. Most of that prize money is not. Singapore offers the highest known payout for an individual gold medalist at 1 million Singapore dollars, plus rewards of 500,000 for silver medalists and 250,000 for bronze medalists. Some changes have been made to get more money in the hands of the athletes. According to the USOPC website, U.S. Olympians will earn $37,500 for each gold medal at the 2020 Olympics, $22,500 for a . In our country, you get 4 million roubles for the gold ($55 thousand), 2,5 million roubles for the silver ($34 thousand), and 1,5 million roubles ($20 thousand) for the bronze. Is it all worth it? So if you earn a medal at the Olympic Games, there's prize money for the top three places there. Some countries absolutely pile on the cash. Written into Article 39 of the Korean constitution, this provision is hard to avoidunless, say, youre a K-pop star specially recommended for exemption by the Ministry of Culture. But what else does it earn them? In 2012, US News & World Report found it costs up to $100,000 a year for athletes to be Olympians. Most teams have corporate or private sponsors who pay for the Olympians' costs. Most teams have corporate or private sponsors who pay for the Olympians' costs. Kosovo's Nora Gjakova after defeating Japan's Tsukasa Yoshida in a judo semifinal bout on July 26. The U.S. only pays out $37,500 to gold medal winners, $22,500 for silver, and $15,000 for bronze. Not how to swingI forgot how to play golf. Soccer star Son Heung-min got an exemption, too, after the South Korean national soccer team won the gold medal at the 2018 Asian Games. Basically, their wealth depends a lot on their side hustles. The International Olympic Committees Rule 40 severely limits which sponsors and partners athletes can promote at the Games, and many athletes have had a difficult time profiting off their Olympic experience. It's free! The more medals athletes win, the more money they make. The United States pays a handsome fee per medal: $37,500 for each gold medal, $22,500 for each silver medal, and $15,000 . Athletes can get stipends directly from the US Olympic & Paralympic Committee or from the groups that run the Olympic sports teams, called the national governing bodies. Aaron: There was meets that I thought I would be able to get in and clean up and make money I didn't have. This is a BETA experience. Athletes who win gold in the Beijing Olympics receive 50,000,000 Hungarian Forint, or roughly $161,000. Monica started one to fund her way to Tokyo. Incentives by Country (USD equivalent in 2021) Countries Gold Silver; Russia: $61,000: $38,000: Serbia: $71,210: $59,342: Singapore: $737,000: However, if an athlete earns a medal, there is a medal bonus attached to it. In Beijing, Meinhardt became the youngest U.S. Olympic fencer of all time. This was deemed a historical breakthrough since it was the first medal ever by a Canadian artistic gymnast and it was a gold medal. The New York Times previously reported that Team USA . (Ironically, most Olympians couldnt afford to own and maintain such cars. Those paychecks will add up for champions like the fencers who triumphed in the womens team pe event. Whitmore, the speed skater, explained that financial worries put a lot of extra pressure on Olympians. Not a bad haul! As only half of U.S. track athletes bring in more than $15,000 a year from their sport , Business Insider reports, there are other ways . That makes its bonuses all the more eye-popping: Paying roughly $212,000 per gold, $106,000 per silver and $71,000 per bronze at last summers exchange rateand the same for athletes in team eventsthe nation shelled out more than $9 million for its haul in Tokyo. Only includes payout from U.S. Olympic Committee, some organizations such as USA Swimming and USA Wrestling award additional bonuses. As the Beijing Winter Games get underway, plenty of athletes will be competing for medals, honor, andas it turns outlots of money. But each of the young athletes also will receive more than $205,000 for their success. All Olympic athletes competing for the United States earn a "medal bonus" according to Money Under 30, where they make money for each medal earned for their country. Narrator: They also have a long list of expenses to train for their sport. American Olympians who win a gold medal get awarded $37,500. They are from endorsement deals. The Russian Olympic Committees theme song when winning gold is Tchaikovskys Piano Concerto No. The Estonian fencers won the women's epee team final against South Korea on July 27. Italy has also adopted a model of massive payoutsalthough a little less than Singapore. For example, snowboarder Chloe Kim signed with Nike, meaning she can appear on their advertisements. A professional athlete's median salary is about $35,004 per year, with a range that goes up to more than $5 million dollars. For example, a gold winner for Team USA would clinch $37,500 for their efforts while their counterpart in Singapore would receive $737,000 nearly 20 times more. Runner Brandon Hudgins has lived on $15,000 to $18,000 a year since 2011. Narrator: Many athletes have turned to crowdsourcing to supplement their incomes. The dominant Team USA, meanwhile, will pay $37,500 for each gold medal, $22,500 per silver and $15,000 per bronze. Eko Yuli Irawan is the delegations best performer so far in Tokyo, having captured a silver in the mens 61-kilogram division of weightlifting. That said, those at the Phelps level have to send a good chunk of their payouts right back to Uncle Sam.) While all A-level athletes each month get a salary of about $2,800 and roughly $2,500 for training, gold medalists see their monthly wage rise to $4,500 for two years, with the same preparation funding. Here, we dive into the math behind 15 Olympians' take-home pay, from hourly wages to multi-million-dollar salaries. Access your favorite topics in a personalized feed while you're on the go. I didn't even have ways of making money for rent. The Olympians were presented with their brand new set of wheels at a ceremony on Thursday, which was also attended by Prime Minister Dmitry Medvedev, Interfax . But the size of these stipends can vary wildly based on how well an athlete places and which sport they compete in. The money, however, is taxable and the medal winner is obligated to make a donation back into the sport they are representing. The sporting economy in the U.S. allows athletes to better monetize their talents as most of it is driven by the private sector, according to Unmish Parthasarathi, founder and executive director at consulting firm Picture Board Partners. More than 600 U.S. athletes are competing at the Tokyo Olympics, and the United States has so far won 11 gold, 11 silver and 9 bronze. That money is on top of the grants and benefits like health insurance that are more widely available to Team USA athletes, all of it paid by the United States Olympic and Paralympic Committee, which fundraises through a nonprofit foundation and does not receive federal funding. The 25th percentile is $29,500, as determined by Forbes. Indonesia paid out 5 billion rupiah to its 2016 gold medaliststhe mixed doubles badminton team of Tontowi Ahmad and Liliyana Natsirand an official said before this years Games that the prize for Tokyo would be at least that large. Olympic coaches can win half as much50,000, 30,000 or 20,000 eurosfor their athletes performances. 10 Kyle Keith Shewfelt Shewfelt is a gymnast from Canada. How Olympians make money, explained. A 29-year-old Olympian who reaches the life expectancy of 78 would collect more than $300,000. The actor and model appeared in Beyonce's "Run The World (Girls)" music video. A gold medal is worth $37,500, a. The path to the 2024 Paris Olympics for Ukrainian athletes is clouded by war, anger and pain. So, not only is there an incentive to stand on the pedestal in order to have your name etched in Olympic history, but the athletes also look forward to the cash prize that comes with it. As a reward for her historic achievement, Diaz will reportedly receive at least 33 million Philippine pesos (around $600,000) from the Philippine Sports Commission as well as the country's top businessmen. The payments extend through the top eight places in each event. Snowboarder Jamie Anderson recently posted her own #ad for Pacifico Beer. Other Filipino companies are giving her thousands more in cash to go along with it. Do Olympic athletes get paid? For example, speed skater Mitch Whitmore said he received a nine-month stipend that paid for his training and living expenses after finishing fourth in a 2017 competition. They've taught, modeled and engineered their way to Rio. Hearst Magazine Media, Inc. All Rights Reserved. The MTR Corporation (Hong Kongs transit rail operator) is also providing the winner with a lifetime of free train rides around the city. ), you might expect a lot of fortune to go with it. Narrator: Compare that to track and field, where 128 American athletes are headed to the Olympic Games competing for 48 gold medals. If there are any other additional costs not covered by the committee, athletes must look to their sponsors to cover the expenses. Russia was runner-up with a $135,000 golden bonus, and France. Unless they win, USA Olympians don't get paid for competing at the Olympics. The data showed the U.S. Olympic and Paralympic Committee rewards its athletes $37,500 for every gold medal won, $22,500 for silver and $15,000 for bronze . So if I can do that while I'm at one point working two jobs and DoorDash and everything like that, then I can't imagine what I can do if I didn't have to do that. "Its not just, like, 'Hey, sponsor me because Im on TV,'" alpine skier Stacey Cook told CNBC. With of all this time designated to the Olympics, how do Olympic athletes make money? as well as other partner offers and accept our. Unfortunately, this exacerbates the inequality of the Olympicsonly some countries have enough disposable athletic funding to dole out payments to anyone who trains or wins medals. U.S. competitors in the Paralympic Games will earn $7,500 for each gold, $5,250 for each silver, and $3,750 for each bronze. A vault maneuver was even named after him. 1, and I for one think its a banger. Twenty-seven times over, yes, yes, and yes. Narrator: And those bonuses are only up for grabs every four years when the Olympics come around again. Even if it was half the income, I don't think that I would for regret one moment having participated in sport. Lauryn Williams: You see someone that's on television all the time and assume all Olympic athletes are famous, all you have to do is get a medal and you'll be rich. By clicking Sign up, you agree to receive marketing emails from Insider Some international leaders have taken the prizes to new levels. But is it worth being broke again? The pay structure has left many athletes broke, driving for DoorDash, or crowdsourcing. To watch & listen the FULL Podcast check out the links belowListen on Spotify - https://open.spotify.com/show/5JQu91FRevsm4GSPr8JbYBListen on Apple Podcasts . . Olympic champions also receive an allowance of about $1,400 a monthfor life. Sign up for free newsletters and get more CNBC delivered to your inbox. [23] The money, however, is taxable and the medal winner is obligated to make a donation back into the sport they are representing. Here's Just How Much Money Olympic Athletes Make, What Is Simone Biles' Net Worth? Shes also receiving free lifetime flights on AirAsia Philippines, a house courtesy of President Rodrigo Duterteplus at least three more homes that companies and benefactors have promised her. As a physical education teacher, he uses the experience to teach students perseverance. Spending around a month in the Olympic village can be costly for Olympic athletes. Compared to the Olympics and their large monetary rewards, Paralympic champions historically have not earned as much for each medal finish. Estonia doesnt officially hand out a six-figure paycheck but deserves recognition as an honorary No. Hong Kong hasnt captured a medal in its five previous Winter Olympic appearances, but it did give out the same big prize at the Summer Games last year. Additionally, they stay in the Olympic village for around a month. As a nod to the rest of the team that made it to Tokyo, every Hong Kong athlete at the Games is also receiving free train rides for a year. That depends on the country. The rewards actually trickle down below the podium spots, with Olympic athletes who finish seventh or eighth in their events still claiming 900,000 New Taiwan dollars ($32,000)almost as much as an American gold-medal winner. But many countries do, and while the U.S. and Japan have plenty of company in their general price rangethe individual-gold-medal payouts in Australia, Brazil, Canada, Finland, Portugal, Serbia and Switzerland, to name a few, are in the same ballpark, stretching from about $15,000 to about $70,000they ultimately land on the modest end of the spectrum. We get a stipend, and it is $300 a month. At the 2018 games, the USOPC upped the medal bonuses by 50%. Russia Is the Only Winner in the Kamila Valieva Mess, Its Time for USA Gymnastics to Take the Fall Its Been Avoiding, The 24 Craziest Stats From the Tokyo Olympics. A Kazakhstan government official announced this month that gold-medal winners would receive$250,000, silver medalists $150,000 and bronze medalists $75,000. Learn more about our, How 15 U.S. Olympians Actually Make Money. While the country has never claimed a medal on snow, the Cyprus Sports Organization will pay for a finish anywhere in the top 16: roughly $168,000 for a gold medal, $140,000 for silver and $123,000 for bronze, all the way down to $11,000 for 16th place. A gold medal is worth $37,500, a silver medal is worth $22,500 and a bronze medal is worth $15,000. Swimming, there's a lot of money, gymnastics, there's a lot of money. A first-place finish in an Olympic individual event is worth roughly $380,000, and athletes can earn another half that amount for setting an Olympic record. The money may also be used for medical expenses, depending on each sport's regulations. Olympians who actually earn a gold, silver, or bronze medal at the Olympics have actually been able to receive between $10,000 and $30,000 for selling their medals online, according to USA Today. He also fought Robert "The Ghost" Guerrero in 2013, earning at least $32M (guaranteed) for that fight, excluding pay-per-view fees. Most athletes who compete at the Olympics can only hope to break even as they hunt for modest stipends and scarce sponsorships that often dont cover the costs of years of training, equipment, medical and travel expenses. How London laid the groundwork for sustainable sporting architecture, Filipino weightlifter Hidilyn Diaz the country's first Olympic gold medalist, Diaz will reportedly receive at least 33 million Philippine pesos, U.S. athletes also receive other forms of support, reportedly made $55 million from endorsements in 12 months, NFL replaces Pro Bowl with weeklong skills competitions and a flag football game, The mindset that helped a marathoner become one of the country's best in just 4 years: 'Working harder isn't necessarily better', Fanatics wants to be a $100 billion company here's how it plans to get there. 2K Sports and Nike sponsor Kevin Durant, who rakes in $40 million in sponsorship money every year. Narrator: So how do Olympians make money, and why isn't it enough? Heres what winners around the world can take homealong with their gold, silver, or bronze. A gold medal is worth $37,500, a silver medal is worth $22,500 and a bronze medal is worth $15,000. But there's a lot of expenses associated with being an athlete, because you are in fact a business, and a business has overhead. (Lin-Manuel Mirandas Hamilton neglected to mention you could go pro in that.) Outliers make more than this. But those are mostly theoretical exercises: Neither delegation has ever won a Winter Olympic medal. The host country of these Games, Japan, pays similarly, with medal bonuses of roughly $45,000 for gold, $18,000 for silver and $9,000 for bronzeexcept in baseball, with members of the Japanese team reportedly in line for an extra $45,000 if they can win the tournament. Other competitors resort to crowdfunding sites to gather the money and support they need to keep competing. For the Tokyo Olympics, Italian gold medalists receive 180,000 for their victory, with smaller prizes for silver and bronze. Prize money is doubled in the case a medal is won by a team of four or more individuals. Unlike countries such as the UK or Singapore, American Olympians don't get paid to attend the Olympics. Or steeplechase. Caroline is a writer and editor with almost a decade of experience. US Olympians used to have to pay as much as $8,900 in taxes on a gold medal bonus. Winning the US Open when I was involved was a $25k payday, and if you are even in the semi-finals (top 32) you are definitely sponsored. What do athletes get paid if they win a medal at the Olympics? Follow The Money, Jenna Dewan Has Legs, Butt In Pole Dancing IG. Malaysian gold medalists receive roughly $1,200 in monthly payments for life, Estonian winners receive 4,600 a year, and Indonesian champions get an $18,000-a-year retirement plan. Beyond that, Olympians rely on other revenue streams for their sporting endeavors, including efforts to land lucrative endorsement deals. Not every country offers a prize for a podium performance. You may opt-out by. A bronze medalist in Singapore will still make over four times what a U.S. gold medalist willand that's just the beginning of what they can earn after the Games. Still, these exemptions can be critical for prolonging an athletes career. Hungary's national Olympic committee is one of many that awards bonuses for medals at the Games. But that's nothing when it comes to other countries who. The Philippines' Hidilyn Diaz after winning the women's 55-kilogram weightlifting competition on July 26. Narrator: Things have shifted a bit to help athletes. This allows those that receive funding to train full-time and also pays for the necessary support teams, facilities, and equipment. Good old spon-con helps many athletes make it big. But Cheung, who had carried Hong Kongs flag during the opening ceremony, did his home territory proud, battling back from an early deficit against Garozzo to become Hong Kongs first Olympic champion in 25 years. Hell soon collect gold of a different kind: The territorys government rewards its Olympic athletes with 5 million Hong Kong dollars ($643,000 at the current exchange rate) for gold medals in individual events. Cheung captured the attention of the Hong Kong mediaincluding live analysis from the independent Hong Kong paper the South China Morning Postand he won a sizable payout after triumphing: HK$5 million. In comparison, the US Olympic and Paralympic Committee shells out around 27,000 for a gold medal, 16k for silver and 10k for bronze. UK Sport's funding for Olympic and Paralympic sport for the Tokyo cycle is 374 million, with 69 per cent from Lottery money, and 31 per cent from the government. ", "BIR answers tax issues on Hidilyn Diaz's Olympic winnings", https://en.wikipedia.org/w/index.php?title=Incentives_for_Olympic_medalists_by_country&oldid=1138011304. Compare that to the salary of USA Track & Field's CEO, who earned $1.2 million in 2018. Athletes receive between $52,000 to $80,000. That can be anywhere from $510,000 per gold medal in Azerbaijan, $180,000 for an Italian gold medal champion, $135,000 for a Russian who takes home the gold or $19,500 for a gold medal winning German. The Portuguese government, for instance, will pay about $56,000 per gold medal, plus about $17,000 for a record. Narrator: It's left Olympians and their families struggling to make ends meet. In addition, the Kosovo Olympic committee plans to offer its own reward to the gold medalists, with the sum still being decided, a committee official tells Forbes. You've hit your max! There are a few different types of sponsorships Olympic athletes can sign with. Kazakhstan weightlifter Zulfiya Chinshanlo competing on July 26. She went into credit card debt because of me. The prize money is taxable and awardees are required to return a portion of it to their national sports associations for future training and development. US Olympians . This year, U.S. Olympians can expect to receive $37,500 for each gold medal they win, $22,500 for each silver, and $15,000 for each bronze from the United States Olympic and Paralympic Committee (USPOC), per Forbes. Valentina Rodini and Federica Cesarini of Italy won gold in the women's lightweight double sculls. The country sent only 23 athletes to Tokyo. . To date, though, athletes have always received the maximum, the government says. While its Ministry of Culture, Sports and Tourism will give the equivalent of $39,000 to a gold medalist in a team event and $52,000 to an individual champion, a head coach can take home even more, up to $66,000. Got it. KYIV, Ukraine (AP . Plus, there are also hefty costs associated with competing at this level. But the USA's medal bonuses are lower than what other nations offer. Few feats in sports earn athletes as much glory and respect as winning an Olympic medal. Narrator: Nailing a coveted sponsorship is hard. I want to go back. This is very common with medal-winning Olympians. The U.S. Olympic Committee pays $37,500 for a gold medal, $22,500 for a silver, and $15,000 for a bronze. Ahead of the Games, Forbes reached out to the national Olympic committees or government sports ministries of all 91 countries and territories set to compete and was able to confirm that at least 32 will pay cash prizes for medals; only four of the respondents do not plan to pay their athletes some sort of bonus explicitly for winning medals. Everyone, that is, except for boxer and former Olympian Floyd Mayweather who earned at least an estimated $80M, possibly more, in just one fight (against Saul "Canelo" Alvarez) alone in 2013. Weightlifter Hidilyn Diaz snagged the Philippines first-ever Olympic gold on Monday, ending a 97-year drought and securing the roughly $200,000 official prize on offer from the Philippine Sports Commission. Others draw regular salary by holding a variety of jobs. Here are the top 5 prizes awarded by nations to their winning Olympic athletes Subscribe to NowThis: http://go.nowth.is/News_Subscribe Sign up for our n.

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