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Com TW NOw News 2024

Do Olympic golfers receive prize money in addition to the gold medal?
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Do Olympic golfers receive prize money in addition to the gold medal?

The Olympic Games are the only time every four years that the world’s best athletes compete in the same city for gold medals and ultimate glory.

And for the golfers, the main prize is not a gold medal, as most do every week, but a battle for large sums of money.

The winner of the men’s golf competition at this week’s Paris Olympic Games at Le Golf National will receive: exemption into all major championships during the 2025 season, exemption into the 2025 Players, the 2025 Sentry (provided the gold medal winner is a member of the PGA Tour), and points toward the Official World Golf Ranking.

Oh, and the gold medal.

The Olympics do not award prize money, only gold, silver and bronze medals to the participating athletes. However, there is still a way for athletes to earn money during the games.

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For Team USA, the U.S. Olympic and Paralympic Committee pays its winning athletes $37,500 for gold medals, $22,500 for silver and $15,000 for bronze. Like the U.S., the Canadian Olympic Committee says it will pay $20,000 for gold, $15,000 for silver and $10,000 for bronze.

Even though there are no golfers from Hong Kong, if one of the country’s athletes wins gold in Paris, it will generate a prize of HK$6 million, equivalent to US$768,232.

And this year, for the first time, all athletes will receive $50,000 in gold from the umbrella organization World Athletics.

But for golf there is no prize money from the Olympic Games or the International Golf Federation, but only from the Olympic committees of the individual countries.