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Hey what's news listeners, it's Sunday July 21st. I'm Charlotte Gartenberg for the Wall Street Journal.

This is What's News Sunday, the show where we tackle the big questions about the biggest stories in the news by reaching out to our colleagues across the newsroom to help explain what's happening in our world.

This week, as the opening ceremonies kick off this Friday in Paris, we're looking at the Olympics.

But what are the economics of the games? Who pays and who,

other than the athletes, stands to win big? Let the questions begin.

The Summer Olympics start this week in Paris, with more than 10,000 athletes competing,

over 1 million tickets have already been sold.

But will that help them stay within their budget?

Recent Olympics have been beleaguered by rumors of

inefficiency, conspiracies, and budget overruns. According to a study on Olympics

costs, every Olympics since 1960 has run over budget. The total cost of the Paris Games has been

widely reported to be around $10 billion, which puts it under London in Rio

with 97% of the budget coming from private funding.

Despite the costs, cities still bid to host the Olympics in the hopes that it will stimulate

the development of infrastructure, draw tourism dollars, and boost employment.

Meanwhile, host cities aren't the only players who stand to gain or lose from the games.

According to the most recent report from the International Olympic Committee, the organization raked in $2.4 billion in revenue in 2022.

Media outlets compete for broadcasting rights and brands pay hundreds of millions of dollars to be associated with the Olympics.

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