Australia to Receive $184M for 2024 Summer Games

    • The Australian Institute of Sport is pledging money to athletes ahead of the Paris 2024 Olympics and Paralympics.
    • The organization will give $184 million for a full Olympic cycle.

Today's Action

All times are EST unless otherwise noted. Odds/lines subject to change. T&Cs apply. See draftkings.com/ for details.

The Australian Institute of Sport is pledging $184 million to athletes ahead of the Paris 2024 Olympics and Paralympics, marking the organization’s first commitment for a full Olympic cycle. 

The investment is meant to help Australia improve during the 2024 Summer Games after lukewarm results at the Olympics over the last two decades.  

The funds will be allocated toward women’s rugby sevens, rowing, surfing, skateboarding, and canoeing between July 1, 2022, and Dec. 31, 2024. 

  • Canoe programs are set to receive a large chunk of the funding at $5.12 million per year.
  • Women’s rugby sevens and surfing follow at $1.79 million and $1.34 million per year, respectively. 

Australian athletes will also receive $10.5 million a year in individual grants and an annual government allocation of $59.3 million.

Plans for the Future 

Australia is set to host the 2032 Olympics and Paralympics in Brisbane. 

At the 2000 Sydney Olympics, Australia placed fourth in total medals but dropped to 10th at the 2016 Rio Games. The nation placed sixth on the medals table at the 2020 Tokyo Games.