Olympic Committee awards $25,000 for gold medals, $15,000 for silver and $10,000 for bronze. In team sports, each team member splits the pot evenly.īeside this, who pays for Olympic medals?Īmerica's Olympic medalists must pay state and federal taxes on the prize money they get for winning. Olympians, for example, will earn $37,500 for each gold medal they win this year, $22,500 for each silver and $15,000 for each bronze. Many countries reward medalists with bonus money. ![]() But, if they perform well, they can bring home some cash.
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