what is the cost to host the olympics
Cost of the Olympic Games Sports-related costs for the Summer Games since 1960 is on average USD 5.2 billion and for the Winter Games USD 3.1 billion dollars. Severe cost overruns made the 2014 Winter Olympics the most expensive Olympics in history; with Russian politician Boris Nemtsov citing allegations of corruption among government officials,[1] and Allison Stewart of the Saïd Business School at Oxford citing tight relationships between the government and construction firms.[2] While originally budgeted at US$12 billion, the budget expanded to US$51 billion, surpassing the estimated $44 billion cost of the 2008 Summer Olympics in Beijing, making Sochi the most expensive Olympics in history.
Winter Olympic Games The Winter Olympics has been hosted on three continents by twelve different countries. The Games have been held four times in the United States (in 1932, 1960, 1980 and 2002); three times in France (in 1924, 1968 and 1992); and twice each in Austria (1964, 1976), Canada (1988, 2010), Japan (1972, 1998), Italy (1956, 2006), Norway (1952, 1994), and Switzerland (1928, 1948). Also, the Games have been held just once each in Germany (1936), Yugoslavia (1984), Russia (2014) and South Korea (2018). The IOC has selected Beijing, China, to host the 2022 Winter Olympics and the host of the 2026 Winter Olympics will be selected in September 2019. As of 2018[update], no city in the southern hemisphere has applied to host the cold-weather-dependent Winter Olympics, which are held in February at the height of the southern hemisphere summer.