A Summer Olympics economic windfall is headed for SoCal, a new analysis says

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Set us as preferred The 2028 Summer Olympic Games in Los Angeles will deliver a bounty to Southern California in more ways than one, generating a surge of up to $40.6 billion in increased economic output and adding as many as 224,000 jobs, according to an economic analysis released Tuesday.Those projections were at the high end of the economic forecast conducted by the Los Angeles County Economic Development Corp.at the request of LA28, the Olympics organizing committee.

One scenario put the increased economic output at $20.5 billion to $25.4 billion, while the other predicted increased output at roughly $35.4 billion to $40.6 billion.Those estimates include the run-up to the Games over the next two years.

The report doesn’t attempt to measure what sort of economic impact would follow in the months and years after the Olympics conclude.“This study shows the tremendous opportunity we have to support jobs, open doors for local businesses, and drive investments that strengthen communities across Los Angeles,” Reynold Hoover, chief executive of LA28, said in a statement.The authors of the study acknowledged that projections of future economic activity can be overly rosy “particularly when they rely on optimistic assumptions about attendance or visitor spending.” That’s what happened in the case of the 2024 Paris Olympics, French government auditors found.An economic forecast by a think tank before the 2024 Games projected the Paris Olympics would generate up to $12.8 billion in net economic benefits.But government auditors concluded in 2025 that the Olympics injected a more modest $2.3 billion into the economy, an almost negligible 0.07 percentage point increase in the nation’s gross domestic product.The French auditors concluded that the Games failed to provide a bigger boost, in part, because the number of fans c...