Southwark's Capital Legacy Group invited bids for the fund, which aims to boost the number of people taking part in sport across the borough.
The 10 winners were selected from 40 applications. They include £150,000 for a BMX track in Burgess Park, which it is expected will host international events. Herne Hill Velodrome will be revamped to the tune of £400,000 and £95,000 will fund sports equipment at Bethwin Road playground.
Other winning bids include Peckham Town & Athenlay Football Clubs, Peckham Rye sports pitches, an outdoor sports area in Camberwell and three leisure centres across the borough.
Council representative Veronica Ward said: "We have chosen projects that we believe will benefit people across the borough, regardless of age or fitness level."