Britpop veterans Blur saw off competition from fellow reformed rockers The Stone Roses to be named the best live act at the Q Awards.
The band, who headlined the 2012 Games closing concert on August 12, released their debut album 21 years ago and racked up 13 top 10 hits.
They picked up the award at a ceremony in central London today, but lost out to Muse in the race to be named the best act in the world.
The awards, hosted by comic Al Murray, saw wins for acts including Plan B, Pulp and soul veteran Bobby Womack.
Emeli Sande, who starred in the Olympics closing ceremony, was named best solo artist, while Smiths guitarist Johnny Marr was named a Q hero.
Dance duo Underworld, whose music provided much of the soundtrack to the games opening ceremony, were given the Q innovation in sound award.
The magazine’s editor Andrew Harrison said: “It’s been the most incredible year for British music. Our bands and our anthems transformed the Olympics.
“A string of great albums announced fantastic new talent on the scene. And amazing comeback shows from Blur and the Stone Roses showed the enduring appeal of our best-loved musicians.”
Ill Manors', Plan B
The Bravest Man In The Universe', Bobby Womack
'Walk On By', Dionne Warwick
'Generation Terrorists', Manic Street Preachers