Case Study: Arnold Sports Festival achieves fast, compliant global prize payouts with Payment Labs

Arnold Lifts New Ultimate Record Over $2 Million Prize Money at the 35th Sports Festival

The Arnold Sports Festival, a major international bodybuilding competition, faced significant challenges with its manual prize money payout process. This inefficient system caused lengthy delays of several months and created a heavy administrative burden for organizers who struggled with global tax compliance and athlete onboarding. They partnered with Payment Labs to implement its payout automation platform to resolve these issues.

Payment Labs automated the entire payout and tax withholding process for the Arnold Sports Festival. This solution enabled the organization to disburse over $2 million to 138 winners across the globe in less than seven days, a process that previously took months. The platform handled payouts in multiple currencies, ensured tax compliance, and provided dedicated support, allowing the event organizers to focus on their core mission.

Arnold Sports Festival

Brent Lalonde

Event Organizer