Will the Golf Medal Winners Receive Any Prize Money at Tokyo Olympics 2020?

Published 07/31/2021, 1:30 PM EDT
Golf – The 149th Open Championship – Royal St George’s, Sandwich, Britain – July 15, 2021 Northern Ireland’s Rory McIlroy in action during the first round REUTERS/Paul Childs


Golf is one of the sports at the Tokyo Olympics 2020. There are several players who are in contention to win the men’s event as the tournament is headed towards the final round. There will be three medal positions determined on Sunday, but will the gold, silver, and bronze medal-winning golfers receive any prize money for their efforts? 

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The Olympics is all about representing your country and earning glory. It has always been that way and the International Olympic Committee (IOC) does not pay the medal winners any sort of prize money. 

Will golf medal winners be treated to a payout at Tokyo Olympics 2020?

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Golf is a sport that traditionally offers prize money to the field. The champion earn’s the highest share of the prize pool and it keeps decreasing along with the leaderboard position. Every tournament on the professional calendar has a seven-figure prize pool, but that is not the case with the Tokyo Olympics 2020. 

Just like every other sport, the top 3 golfers at the end of four rounds will earn medals for their effort. The gold medal is the most sought-after prize at the Olympics, but there will be no sort of prize money awarded to the players. 

On the other hand, Collin Morikawa took home $2,070,000 after winning The Open Championship 2021 a few weeks ago. This is a huge payday, but the Olympic games have always been about patriotism and earning pride for your country. 

So the eventual winner of the men’s and women’s golf competition at Tokyo Olympics 2020 will not be dejected with the fact that they won’t receive any prize money. Winning gold is all that matters. 

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The USA will pay all Olympic medal winners a handsome amount 

While the IOC refrains from shelling out prize money, the United States of America ensures that the medal winners are appropriately rewarded for their efforts. Besides the massive fame, Olympic medal winners are offered a handsome sum by the American government. 

The Olympic Rings monument is seen outside the Japan Olympic Committee (JOC) headquarters near the National Stadium, the main stadium for the 2020 Tokyo Olympic Games that have been postponed to 2021 due to the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan June 23, 2021 on the day to mark one month until the opening of the Olympic Games. REUTERS/Issei Kato

The United States will award $37,500 to every gold medal-winning athlete at Tokyo Olympics 2020. Meanwhile, the silver medallists will receive $22,500 and bronze medal winners will get $15,000. 

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Arjun Athreya

2109 articles

Arjun Athreya is a senior writer at Essentially Sports and has been contributing since early 2020. Having developed an avid interest in sports at an early age, he pursued a Journalism degree and graduated from Madras Christian College. Arjun manages the Golf division and its content, and primarily covers news pertaining to the NBA as well.

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