ASC’s $385M Investment Paves the Way for LA 2028 and Brisbane 2032

Australia’s Olympic and Paralympic medal hopes for the Los Angeles 2028 and Brisbane 2032 Games have been strengthened by a historic $385 million investment into 70 sports. Federal Sport Minister Anika Wells announced the record funding today, emphasising its importance in nurturing the nation’s next generation of athletes and maximising Australia’s opportunities in the lead-up to Brisbane 2032.

The funding represents a 64% annual increase compared to the lead-up to the Paris Games and includes $283 million earmarked for high performance in the Federal Budget. Additionally, Para sport funding has been doubled, with an additional $54.9 million allocated over two years, marking an unprecedented commitment to inclusivity and excellence in sport.

Queensland, a powerhouse of Australian sport, saw remarkable success in Paris with 12 golds, nine silvers, and eight bronze medals. If considered its own country, Queensland would have tied for fifth on the medal tally. This momentum is expected to continue with targeted investments in medal-producing sports like swimming (35% funding increase), athletics (65%), cycling (49%), and canoeing (42%). Team sports, including soccer (25%), hockey (37%), rugby (34%), and golf (54%), have also received significant boosts.

New additions to the Olympic program, such as cricket, baseball/softball, lacrosse, flag football, and squash, have been included in the funding pool, reflecting Australia’s commitment to competing at the highest level in emerging sports. Athletics Australia CEO Simon Hollingsworth described the investment as a “game-changer,” noting the opportunity to build on the seven medals won in track and field at Paris 2024.

The funding is not limited to elite athletes. Grassroots participation, supported through the ASC’s “Play Well” strategy, has also been prioritised. A total of $43.9 million will be invested in creating safe, inclusive, and welcoming spaces for Australians to engage with sport. This aligns with the ASC’s broader goal to support more Australians in enjoying and participating in sport, from community levels to the global stage.

Minister Wells highlighted the generational opportunity presented by Brisbane 2032, stating that the investment would enable athletes to “win well” while encouraging broader community participation. ASC CEO Kieren Perkins OAM echoed this, calling the next eight years a chance to inspire Australians through sport and lay a foundation for long-term success.

The funding, effective from January 2025 to June 2026, signals a clear commitment to fostering excellence and inclusivity in Australian sport. With the largest-ever pool of supported sports and targeted investment in high-performance pathways, Australia’s athletes and communities are well-positioned for future success.

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