Olympic participants to receive $10,000

The International Olympic Committee has launched a new program to award $10,000 to each athlete participating in the Olympic Games, aiming to encourage athletes and boost performance. The total amount allocated for this initiative is up to $140 million over the four-year Olympic cycle. The program covers all athletes, including participants in the Milan and Cortina Winter Games, regardless of their country or ranking. Additionally, the cycle saw the introduction of monetary prizes for athletics events at the Paris 2024 Olympics, where winners received awards of up to $50,000.

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