RE: How do Olympic athletes make money?
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That's a big reality check about the pay for Olympic medal winning athletes.
But, I think it's the pride of the country more than the pay for winning the medal is what makes athletes to take part in Olympics.
I still remember reading about the omission of professional athletes into many Olympics events in earlier events.
It's always an expected gesture by countries which are the most unsuccessful ones in Olympics to declare some BIG reward for winning medals to encourage the athletes to win atleast a medal and here in India, Government declared approximately US$400000 for gold medal winner, US$269000 for Silver medal winner and US$134600 for Bronze winner.
Inspite of these huge cash prizes, we are still lacking the World beater athletes although we keep getting couple of Silvers and few Bronzes in every Olympics.
That's a pretty great payout that India is giving. The US is being quite stingy in comparison!
Yeah,as we see, there will be less number of medal prospects for India. So, the Government can afford this much amount.