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The International Olympic Committee does not award cash prizes to the winners. Many countries, however, do offer cash prizes and other incentives to medalists.
In 2012, American competitors who won Olympic medals were rewarded in cash by the US Olympic Committee. Gold medal winners received $25,000, Silver medal winners received $15,000, and Bronze medal winners received $10,000.
However, the real money is earned through commercial endorsements. Some Olympians get paid a performance bonus from sponsors for winning a medal and may sign commercial endorsements that could wind up paying them millions.
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What event did Peggy Fleming get a gold medal in?
Peggy Gail Flemming was the gold medal winner of the 1968 Olympic figure skating event.
Which medal does a second place competitor win in an Olympic event?
Silver
Who has a gold medal?
Every Athlete that won an event at the Olympic Games
In what event did a woman win the first Olympic medal presented to a female?
Croquet
For which event was the first Olympic Gold Medal awarded in 1896?
Triple Jump
