- JamesLv 64 years agoFavorite Answer
No. The USOC is a non-profit corporation and does not receive any government funding.
Its primary sources of funding are corporate sponsorship and a portion of the broadcast rights fees the IOC receives from US broadcasters.
Prior to the growth of sponsorship in the 1980's, a large portion of the US team's funds were charitable donations from the public. There used to be fundraising campaigns on TV you could get a US Olympic Team patch or pin for a "gift" of $25 or $50.
- LouisLv 74 years ago
Not anymore. The Olympics generate billions in revenue. The American teams now get sponsors that pays for their equipment. A few years back the speed skating team was at risk for not having enough sponsors to pay for their expenses so Stephen Colbert started a fund-raised that covered the costs. But no, there are no tax subsidies for the Olympic team ever since we moved away from the 'amateur only' style of eligibility.
- 4 years ago
Thanks for answering! I read an article about how the USA woman's gymnast uniforms cost $1,200 each and they each get 20 uniforms. That's $24,000 per athlete just in uniforms. Seems a but excessive if tax payers are footing the bill, glad to hear its sponsored.
- 4 years ago
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- Simpson576Lv 44 years ago
Unless the US team has a sponsor, the taxpayer is on the hook.