Olympics 2024 Prize Money: How Much Cash Reward Will Indian Medal Winners Receive For Podium Finish in Paris?

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India has so far won 5 medals - 1 silver and 4 bronze - at the Paris Olympics 2024, which is set to close this weekend and some of the Indian medal winners have already arrived home to grand receptions and felicitation ceremonies. But how much prize money do they receive?

While they receive medals at the Olympic Games, the International Olympic Committee (IOC) does not provide any prize money for athletes who win gold, silver, or bronze medals at Summer Olympics.

However, the teams, athletes and players that win a medal at the Olympic event receive cash rewards from their own country's, home states and the respective sports federations. Even World Athletics rewards the track & field gold medalists prize money.

In India, Olympic medalists receive significant financial rewards, often accompanied by additional perks such as government jobs or housing. They also earn a lot of enrosements.

The Indian Olympic Association (IOA) also awards prize money to all the Indian medal winners. But there is no official word on how much money the gold, silver and bronze winners receive for finishing on the podium in Paris 2024.

For Paris 2024 medal winners, the IOA had announced Rs 75 Lakh for gold medalists, 50 Lakh for silver medalists and 25 Lakh for bronze winners. Reports had suggest, there has been an increase to the cash awards of IOA, but the Tokyo 2020 cash awards seem to have been retained with a slight bump.

IOA Prize Money for Olympics Medal Winners (As per 2020 data)

* denotes that the cash reward will be divided equally depending on the number of members in the team. For example in a team event, if it's a 2-member team winning the medal, then the cash reward will be split equally at 50 percent.

Here is a look at the Olympics 2024 Prize Money and how much cash rewards have the Indian Paris 2024 medalists received so far from IOA, their states and their respective sport federations:

How much cash reward did Indian medal winners at Paris Olympics 2024 receive from IOA or the Sports Ministry?

Manu Bhaker (Shooting - 2 Bronze): The shooting sensation and double Olympic medalist received Rs 30 Lakh for her bronze medal win in women's 10m air pistol event and the 10m air pistol mixed team event.

As it stands, there is only visuals of her receiving the Rs 30 Lakh. It is not clear, if she has received or will receive a further Rs 22.50 Lakh for her bronze medal win in the team event. However, she is also expected to receive a cash reward of Rs 2 Crore from the Haryana government as well.

Sarabjot Singh (Shooting - 1 Bronze): The shooter received a Rs 22.50 Lakh from the Sports Minister for winning the 10m air pistol mixed team event alongside Manhu Bhaker. Haryana government also awarded the shooter Rs 2 Crore prize money along with a government job.

Swapnil Kusale (Shooting - 1 Bronze): The history-making rifle shooter, who won bronze in the men's 50m rifle 3 positions event, received a cash reward of Rs 1 Crore from the Maharashtra government and also a promotion in his job at the Indian railways. He is also expected to receive Rs 30 Lakh cash reward from IOA.

Indian Men's Hockey Team (Hockey - 1 Bronze): The players of the men's hockey team, which bagged their second successive bronze medal, received a cash reward of Rs 2.4 Crore from Sports Minister Mansukh Mandaviya.

The bronze medal-winning Indian men's team is also set to receive Rs 15 Lakh each from Hockey India. Each player will also receive cash awards from their respective states.

All the players will receive Rs 15 Lakh each from the Odisha government, which is also pledged to give Rs 4 Crore as reward to their state player Amit Rohidas. Punjab state goverment will give away Rs 1 Crore each to their state players, while Haryana also will give away Rs 2 Crore for players from their state.