Larger, higher, more expensive 

Tokyo’s postponed Olympics budget has more than doubled from the $7.3 billion Japan initially earmarked when the International Olympic Committee awarded the games in 2013

Cost of hosting Summer Games
($ billions, cost overrun %)

Average cost $9.08bn

Barcelona 9.69 266%
1992

Atlanta 4.14 151% 
1996

Sydney 5.03 90%
2000

Athens 2.94 49%
2004

Beijing 6.81 2%
2008

London 14.96 76%
2012 

Rio 13.69 352%
2016 

Tokyo 15.40 210%
2020
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Tokyo revised expenditure 
Venue-related – includes
$3bn on new venues $6.8bn

Tournament operation $5.8bn

Postponement costs $2.8bn
    
$15.40bn
  
Includes lost ticket revenue of $335m due to cap of 10,000 spectators per venue. Covid precautions of $900m

Source: Regression to the tail: Why the Olympics blow up, University of Oxford © GRAPHIC NEWS

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