The 2022 Winter Olympics in Beijing, China won’t be all fun and games. Countless dreams are on the line, not to mention billions of dollars and national pride. Plus, after finishing fourth in the medal count in 2018, Team USA will be looking to improve its standing in the next Winter Olympics.
There is also a lot of political tension shrouding the 2022 Olympic Games. The U.S. has announced a diplomatic boycott over human rights abuses in China. Our athletes will still compete in the games, but no government officials will attend. Another notable political issue is the fact that Russia’s team will compete under the name “Russian Olympic Committee,” due to a doping scandal leading to a ban on athletes officially representing the country.
To help you prepare for the 2022 Winter Games in Beijing, WalletHub put together a world-class collection of Winter Olympics fun facts. You can check them out in the infographic below. Following that, you’ll find our Ask the Experts Q&A, where our guest panel gives their insights on a variety of issues related to the 2022 Games.
- $3.9 Billion: Estimated budget of the Beijing Winter Olympics, 14 times less than the record-setting 2014 Sochi Games.
- 223: Athletes on the U.S. team - a record for any country in the Winter Olympics.
- 14 Years: Since China hosted the Olympic Games (with Beijing being the first city to host both Summer and Winter Games).
- 2nd: Time in a row NHL players will not be given a break to play in the Winter Olympics.
- $600 Million: Projected ad revenue from the 2022 Winter Games (10% less than from the 2018 Winter Games).
To learn more about the Winter Olympics, from the action on the snow and ice to the business behind the scenes, WalletHub posed the following questions to a panel of experts on advertising, sports business and politics. Check out their bios and responses below.
- How has the process of hosting major sporting events changed?
- What is the ROI for hosting the Olympics?
- How do the Olympics impact tourism and retail spending?
- Does participation in the Olympics impact earning potential?