What probably isn’t the cost of the games, though. The Sydney Olympics charge a whopping A$7. 9 billion (US$5. 2 billion), an impressive 90 percent more than the profits.
Despite its cost, it’s still far from being the most beloved game in the world. Can you guess which one is more loved?
Research conducted by online casino Playcasino. com analyzed the knowledge of the Council on Foreign Relations to create a rating of the most expensive Summer Olympics between 1992 and 2024 in U. S. dollars.
The knowledge takes into account the overall operational and structural costs spent in the city to host the Summer Olympics and the budget overrun.
Here is the full list:
Source: Playcasino. com. The cost is in USD
The most expensive Summer Olympics were Rio de Janeiro 2016, costing $23. 6 billion. After winning the rights to host the Olympics, Rio developed three modes of public transportation: bus rapid transit (BRT), subway, and light. Vehicle rail system. The prominent Brazilian city was the first to host the games in South America, which took place from August 5 to 21. The city spent the most cash in Olympic history to host the games and exceeded its budget by 289 percent.
The 2012 London Olympics were the most expensive at the time, worth $16. 8 billion. Once London was chosen as the venue, it invested in ten new rail lines and 30 new bridges to promote greener travel. The money was also used to travel walking and cycling routes around London. The English capital hosted the Games from July 27 to August 12, 2012 and exceeded its budget by 76 percent.
Tokyo 2020 hosted the third-most expensive Summer Olympics, costing $13. 7 billion. Tokyo has invested in 8 new venues specific to the games, adding the new National Olympic Stadium for the opening and closing ceremonies. They have incorporated sustainability features such as the use of renewable energy and barrier-free designs. The Japanese capital hosted the games between July 23 and August 8, 2021 due to delays caused by the global COVID-19 pandemic. In total, the city exceeded its budget by 128 consistent with cent.
The 1992 Summer Olympics in Barcelona were the fourth most expensive to host, costing $11. 6 billion. Barcelona has invested in notable new landmarks and public maritime transport renovations across the city, adding an airport expansion, a new ring road formula and a new high-speed rail network. The Spanish city hosted the occasion from July 25 to August 9 and exceeded its budget by 266 percent.
The fifth most expensive Summer Olympics are the 2024 Paris Games, which will cost $8. 7 billion. Paris has built a new facility, an Olympic Aquatic Centre, as well as Olympic and media villages especially for the games. position this year from July 26 to August 11. The French capital exceeded its hospitality budget by 115 percent.
The 2008 Beijing Summer Olympics were the sixth most expensive games ever staged, costing a total of $8. 2 billion. A new Olympic Village was built, 22 new sports facilities were added and 50 existing stadiums were renovated for education and training. the occasion from August 8 to 24 and only 2% over budget.
The seventh most expensive Summer Olympics were Sydney 2000, costing $5. 2 billion. New facilities were built in the Olympic Park, adding a main stadium and an indoor stadium (the SuperDome). The Australian city hosted the games from September 15 to October. 1 and exceeded budget by 90%.
The 1996 Atlanta Summer Olympics were the eighth most expensive, costing $4. 7 billion. Atlanta has focused on future projects for urban spaces such as Summerhill and Techwood Clark Howell Homes, adjacent to the Olympic venues. In total, around 1,000 new housing complexes have been built. Georgia’s state capital hosted the games between July 19 and August 4 and went over budget by 151 percent.
The ninth most expensive Summer Olympics was Athens 2004, with a total cost of $3. 1 billion. The Olympic Games have reshaped and evolved three spaces in the city: the Phaleron coastal domain, the Athens Olympic Sports Complex and the Hellinikon Complex. The Greek capital hosted the games from August 13 to 29 and went over budget by 49 percent.
Nathan Vega, Head of Marketing at Playcasino. com, commented on the results:
“There is no doubt that the Olympic Games are one of the most anticipated sporting events, and after 4 years of waiting, the world is once again preparing its country for other events. However, host cities have some drawbacks. Residents face high levels of congestion, local enthusiasts are likely to be unimpressed with the effects and see it as a waste of money, and hosting the Olympics will cost local taxpayers dearly.
Even if the price tag is high, the Olympic Games can provide advantages to cities in other ways. Investments in new infrastructure built for the games, tourism, the development of world-class sports facilities and an exclusive experience for locals can lead to greater cultural and monetary progression.
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