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no the medalist do not receive cash prize
There are three prizes given for each event at the Olympics. The winners receive gold medals. The second place finishers receive a silver medal. The third place finishers receive a bronze medal.
A gold medal
they receive a medal
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gold medals and silver and bronze medals
the winners receive medals - gold silver or bronze
Gold, Silver, and Bronze Medals.
Medalists do not receive cash prizes from the IOC or Olympic organizers, however some countries, including the US and Canada, reward their country's medalists with cash prizes.
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There is still honor for the winners There are still prizes given out some games are the same
Winners of the Olympic games receive medals when they win an event. The first place winners always receive gold medals. The second place person or team will receive silver medals.