Olympic medal winners' awards

While the International Olympic Committee does not provide prize money for Olympic medalists, many countries and territories offer substantial incentives to reward their athletes. For example, the United States will give gold medalists $38,000, while Hong Kong has announced a staggering $768,000 for gold winners. Other nations, like Israel and Indonesia, are also offering significant cash prizes and unique rewards, including free homes and livestock. Some athletes can also benefit from exemptions from military service or lifetime public transportation passes. Additionally, World Athletics and other sports federations are beginning to reward medalists at the Paris Olympics, marking a shift in recognition for athletes. This trend reflects a growing acknowledgment of the financial challenges faced by Olympians during their training and competition.