Hungary’s Rio gold medalists to receive EUR 111,800 in prize money

Budapest, July 28 (MTI) – Hungarian Olympic athletes who bring home a gold medal from Rio de Janeiro will receive 35 million forints (EUR 111,800) in prize money from the state, the tabloid Bors said on Thursday.

Silver medalists will get 25 million forints and bronze medalists 20 million, the paper said.

Athletes who place within the top eight will all receive cash bonuses with 7th place finishers getting 4 million and those finishing eighth getting 2 million forints.

This means prize money allocations this year will remain unchanged from 2012, Bors said.

The paper said that while in the past, athletes were awarded prize money only for their three best results, Olympians in Rio will be awarded for all of their results.

Source: MTI