economy

The World Cup will draw millions of fans, but economic payoff is modest

The 2026 World Cup, which kicks off today, will be held across three countries and 16 cities, making it the biggest sporting event ever and a commercial bonanza.

The World Cup will draw millions of fans, but economic payoff is modest

TL;DR

  • The 2026 World Cup will be the largest sporting event in history, held across three countries and 16 cities.
  • The tournament is expected to engage around 6 billion people globally and draw 6.5 million fans to games.
  • Economic projections estimate a significant boost to U.S. GDP ($17.2 billion) and global GDP ($40.9 billion).
  • Job creation is a positive outcome, with a jump in U.S. leisure and hospitality jobs attributed partly to expected World Cup tourism.
  • Host cities are expected to see between $160 million and $620 million in incremental economic activity each.
  • International visitors are projected to spend over $5,000 per person.
  • The World Cup is also anticipated to be one of the largest gambling events, with an estimated $60 billion wagered globally.
  • Hotel bookings have been slower than anticipated, with 80% of hoteliers reporting below-forecast bookings due to international travel barriers and rising costs.
  • Exorbitant ticket prices, dynamic pricing, and catering to wealthier fans are obstacles for attendees.
  • Fans are estimated to spend over $2,100 on average to attend the World Cup, including tickets, flights, and hotels.
  • Goldman Sachs analysis suggests that while there will be a temporary economic boost, the long-term economic effects on host nations are negligible.
  • Host countries will only benefit partially, as much of the spending is expected to occur in other countries.