This paper provides an overview of the economics of sports mega-events as well as a review of the existing literature in the field. The paper describes why boosters’ <i>ex ante</i> estimates of the economic impact of large sporting events tend to exaggerate the net economic benefits of these events and surveys the results of a large number of <i>ex post</i> studies of exploring the true impact of mega-events.
Published in The Business of Sports, Vol. 1, Dennis Howard and Brad Humphreys, eds., (Westport, CT: Praeger Publishers, 2008), 81-99. Number 0610 30 pages