PROPHET MUHAMMAD (ﷺ) said:
No stake (prize) is acceptable except in archery, racing a camel, and racing a horse.

It was narrated from 'Abdur-Rahmân bin Shumasah that Fuqairn Al-Lakhmi said to 'Uqbah bin 'Amir: "You go between these two targets but you are an old man, and it must be difficult for you." 'Uqbah said: "Were it not for some words that I heard from the Messenger of Allah (ﷺ), I would not trouble myself." Al-Hârith said: "I said to Ibn Shumasah: 'Why was that?' He said: "He (ﷺ) said: 'Whoever learns archery then abandons it, he is not one of us, or, he has sinned."

Narrated Salama bin Al-Akwa`:
The Prophet (ﷺ) passed by some people of the tribe of Bani Aslam who were practicing archery. The Prophet said, "O Bani Isma`il ! Practice archery as your father Isma`il was a great archer. Keep on throwing arrows and I am with Bani so-and-so." So one of the parties ceased throwing. Allah's Apostle said, "Why do you not throw?" They replied, "How should we throw while you are with them (i.e. on their side)?" On that the Prophet (ﷺ) said, "Throw, and I am with all of you."