World Athletics announced Wednesday that it will pay prize money to gold medalists in track and field at the 2024 Summer Olympics in Paris, marking the first such instance in Olympic history.
According to James Ellingworth of the Associated Press, World Athletics President Sebastian Coe released a statement on the decision, noting a desire "to recognize that the revenue share that we receive is in large part because our athletes are the stars of the show."
World Athletics has set aside $2.4 million for the 2024 Summer Games, and each gold medalist will receive $50,000 with gold medal-winning relay teams splitting up the $50,000 amongst themselves.