LA28 could generate up to $40.6 billion for region, study says

The 2028 Los Angeles Olympic and Paralympic Games could inject up to $40.6 billion into the regional economy and create as many as 224,000 jobs, according to a newly released study. Conducted by the Los Angeles County Economic Development Corporation for the LA28 organizing committee, the analysis estimates economic activity ranging from $20.5 billion to $40.6 billion during the Games' preparation and conclusion in 2028.

Stephen Cheung, President & CEO of LAEDC, highlighted the significant economic ripple effect across the region, touching jobs, local businesses, visitor spending, and long-term investments. The study covers 5 counties and accounts for spending on operations, transportation, security, capital projects, visitor activity, and independently funded organizations involved in staging the event.

Infrastructure investment for Games-related purposes, including transportation, airport, mobility, accessibility, and venue upgrades, is projected to constitute the largest portion of the economic impact, with an estimate of $8.35 billion. LA28 has adopted a "no-build" strategy, utilizing existing venues and temporary facilities over constructing new permanent Olympic sites.

The Games are expected to draw 2 million visitors, generating between $1.6 billion and $4.3 billion in direct spending by non-resident visitors, benefiting various sectors like hotels, restaurants, retailers, and entertainment businesses. The study also forecasts tax revenue contributions of $5.1 billion to $5.9 billion from federal, state, and local sources related to the Games' economic impact.