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How much Olympic medalists win in prize money by country

U.S. athletes don't make nearly as much as those in other parts of the world.
Silver medallist Canada's Max Parrot, gold medallist US Redmond Gerard and bronze medallist Canada's Mark McMorris celebrate during the victory ceremony of the men's snowboard slopestyle final. (Photo MARTIN BUREAU/AFP/Getty Images)

Team USA athletes receive a nice bonus to go with their Olympic medal.

The bonus is actually worth more than the medal itself.

Team USA recently increased its medal bonuses for the Games in PyeongChang.

Gold medal winners from the United States now receive $37,500, silver winners receive $27,500 and bronze medalists receive $15,000.

While that may seem like a lot of money, it's important to remember that these athletes rely heavily on sponsorships and prize money. Only the athletes who receive major endorsements and are able to capitalize off their celebrity status make a high wage. They all travel to events year round, including the Olympics, on their own dime.

The good news for the athletes is that their winnings from the Olympics are tax exempt thanks to former President Barack Obama eliminating the victory tax for Olympians who make less than $1 million a year.

However, the bonuses for Team USA are microscopic compared to others around the globe.

The U.S. is 9th in the list of medal bonuses by amount, according to moneyunder30. Singapore rewards its athletes the most. Gold medal winners from the southeast Asia nation receive $1 million USD, silver $500,000, and bronze $250,000.

At the bottom of the list, Canada. Gold medal winners from there only receive $15,000.

See the complete list here: Click here.

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