page_title: 1998 Winter Olympics
section_title: Economic aspects
hierarchical_section_title: 1998 Winter Olympics / Organization / Economic aspects
caption_attribution_description: English: This is the exterior northeast corner of the M-Wave Olympics Speed Skating Oval, in Nagano.
context_page_description: The 1998 Winter Olympics, officially the XVIII Olympic Winter Games, and commonly known as Nagano 1998, was a winter multi-sport event celebrated from 7 to 22 February 1998 that were centered in Nagano, Japan. The Games also took place in the nearby mountain communities of Hakuba, Karuizawa, Nozawa Onsen, and Yamanouuchi. The city of Nagano had previously been a candidate to host the 1940 Winter Olympics, as well as the 1972 Winter Olympics, but each time Nagano was eliminated at the national level by Sapporo.
  The games hosted 2,176 athletes from 72 nations competing in 7 sports and 68 events. The number of athletes and participating nations were a record at the time. The Games saw the introduction of women's ice hockey, curling and snowboarding. National Hockey League players were allowed to participate in the men's ice hockey for the first time. Five countries, Azerbaijan, Kenya, Macedonia, Uruguay, and Venezuela made their debut at the Winter Olympics.
  The athlete who won the most medals at these games was the Russian cross-country skier Larisa Lazutina who won five medals, including three gold.
context_section_description: The costs of construction and of the land of the Olympic venues totaled 106.6 billion yen, approximately 914 million US dollars. Of this, the Japanese national government spent 51.1 billion, the Nagano prefectural government spent 29.6 billion, and the cities and towns of Nagano, 23.4 billion; Hakuba, 1 billion; and Nozawa Onsen, 1.1 billion; shared the remaining 25.5 billion. The most expensive venue was M-Wave, which hosted the long-track speed skating events. It cost 34.8 billion. The two ice hockey venues, Big Hat and Aqua Wing Arena cost 19.1 and 9.1 billion respectively. The White Ring (arena), which hosted figure skating and short-track speed skating cost 14.2 billion, the Spiral, which hosted bobsleigh, luge, and skeleton, cost 10.1 billion. Another 8.6 billion was spent on the Hakuba Ski Jumping Stadium, 7 billion for Snow Harp – the cross-country skiing venue, and 3 billion for the biathlon venue at Nozawa Onsen Snow Resort.
  The organizing committee financed all costs, totaling 113.9 billion yen. It spent 99.4 billion for operational expenses, 21.6 billion for public relations, 20.7 billion for installations, 18.4 billion for telecommunications, 15.9 billion for running the competitions, and 14.4 billion for administration. Television rights were worth 35.4 billion, and marketing earned 31.3 billion. Ticket sales were worth 10.5 billion. The total cost of the Nagano Games is estimated to have been US$15.25 billion (in 2015), of which the largest factor in the cost of the games was the extension of the shinkansen to Nagano. This compares, for example, with US$2.5 billion for the 2002 Winter Olympics, US$4.35 billion for the 2006 Winter Olympics, US$7.56 billion for the 2010 Winter Olympics, and US$51 billion for the 2014 Winter Olympics
caption: M-Wave
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