Do Hosting Countries Of The Olympics Make A Profit?
Olympic Cost Comparison Chart
The Olympics are full of pomp and circumstance. From the grandiose opening ceremony to the spirited fans, nationalism and excitement abound. We can’t help but follow the athletes’ compelling stories and watch as record after record is broken.
But it isn’t just the games that are fascinating — the business of the Olympics is interesting as well. This year more than ever people are questioning whether the Olympics are worth the cost, especially if the host country (like Brazil) has never held the games before.
Costs can easily add up if a country has to update its infrastructure and transportation systems, plus pay for the facilitation of the games and security. Historically, countries go significantly over their proposed budget when hosting the Olympics. But it’s an investment they’re willing to make to gain recognition and hopefully receive a return on their investment.
To determine the return of the Olympics, we looked at Olympic games over the past forty years. We compared how much they costed each host country and if the country made a profit or ended up in debt. All costs, profits, and debts have been adjusted for inflation.
Mon, 09 Jun 2025 03:00:00 GMT Amid a corporate fundraising effort described as "going gangbusters," 2028 L.A. Olympics organizers are confident the city will not have to pay for the Games.
Fri, 02 Aug 2024 15:25:00 GMT A city is then chosen. The International Olympic Committee pays for some operational costs, like the Games' broadcasting, but the host city is on the hook for pretty much everything else - the ...
Thu, 01 Aug 2024 17:05:00 GMT The modern Olympic Games are notorious for saddling host cities with burdensome cost overruns into the billions.Organizers for the Paris 2024 Olympics were aware of this and planned to put on one ...
Mon, 29 Jul 2024 06:47:00 GMT host of the 2028 Summer Games, has promised no new Olympic buildings. But while refurbishing buildings may be more sustainable, adapting old monuments for the Olympics has taken years - at a cost ...
Sat, 27 Jul 2024 22:00:00 GMT the kinds of cities that vie to host the Summer Olympics, are all facing similar plagues today — aging infrastructure, an educated, gentrifying work force driving up home prices and the cost of ...
