Based on literature research, this study pointed out the history and the actuality of the sport rewards system in China. The China's sport rewards system has gone through four developing stages, include the Forming stage, Decaying stage, Recovery and rising stage, and Mature and stable developing stage. It showed that the actuality of the sport rewards system in China exist some defects, include the system, the process of confer a reward, the difference of the areas, and the effect of high prize money.