• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
EconomyWorld Cup

Some of the biggest U.S. sporting towns decided not to host any World Cup games, fearing a ‘major financial burden to our cities’

By
Tristan Bove
Tristan Bove
Contributing Reporter
Down Arrow Button Icon
By
Tristan Bove
Tristan Bove
Contributing Reporter
Down Arrow Button Icon
June 3, 2026, 12:36 PM ET
Soldier Field in Chicago during 1994 FIFA World Cup opening ceremonies
Chicago's Soldier Field hosted the 1994 FIFA World Cup's opening ceremonies. This year, the country's third-largest city won't even make an appearance.CHRIS WILKINS/AFP via Getty Images
Add Fortune on Google for similar content.

While nearly a dozen U.S. cities put the finishing touches on preparations for the 2026 FIFA World Cup ahead of next week’s kickoff, some of the country’s most sport-frenzied communities are settling in to watch from home. Based on the economics of major sporting events, it might prove a savvy decision in retrospect.

Recommended Video

The soccer fever due to grip the U.S. until July 19 will be most vivid in the country’s 11 host cities, where 78 games will be played in stadiums servicing sports meccas such as Boston, Los Angeles, Dallas, and Atlanta. That’s most of the 104 games total for the tournament shared between the U.S., Mexico, and Canada.

Notably absent from that list, however, are the cities home to some of America’s most passionate sports fanbases—a few of which have even hosted World Cup games before. Phoenix, which holds the world’s largest concentration of sports venues in a single metropolitan area, will see no gametime. It’s the same for fans in Detroit, where four major league teams all play within walking distance of each other in the city’s downtown. Chicago won’t host any games either, despite being the third-largest U.S. city, and having thrown the opening ceremony and game the last time the World Cup came to the country, in 1994.

The 2026 World Cup’s host cities were announced in 2022 after a competitive bidding process. But many cities that declined to be considered for participation at the marquee event made their reservations clear years earlier, often citing financial reasons and cumbersome requirements set by FIFA, the tournament’s governing body. For many of America’s most sports-crazed cities missing out on this year’s World Cup, the appeal of hosting mega-events just wasn’t enough to justify the costs.

“FIFA was not able to provide specific details on major unknowns that could result in a major financial burden to our cities,” Tom Sadler, president of the Arizona Sports & Tourism Association, said in a 2018 statement explaining a dropped host city bid for Glendale, a Phoenix suburb. 

Chicago backed out for similar reasons, with then-Mayor Rahm Emanuel accusing FIFA of making excessive demands and lacking transparency on issues that “put our city and taxpayers at risk.”

“The guys from international soccer wanted us to underwrite their sporting event,” Emanuel told local broadcasters in 2018. “While I am always eager to boost tourism, I am not going to write a company a blank check that can fleece the taxpayers.”

FIFA did not immediately reply to Fortune’s request for comment.

Jilted by FIFA

To be considered eligible as a host, cities had to comply with a long list of requirements set by FIFA. Cities had to ensure stadiums met specific standards, commit to waiving taxes on items like ticket purchases, and shoulder the bulk of costs related to security and logistics. FIFA also demanded rights to amend its agreements with cities at any time, and for no indemnity clauses that would shield host cities and their taxpayers from financial risks.

To be sure, being a host for a globally televised event—one of the most widely followed anywhere—has its appeal for cities. In Chicago’s absence, Kansas City has emerged as the only Midwestern representative at the tournament, a fact often touted by local officials. 

“The world deserves to see the beauty, hospitality, and strength of the American Midwest,” Rep. Mark Alford (R-Mo.) wrote last year in an open letter to President Donald Trump, after Trump floated the idea of pulling hosting rights from Democrat-run cities. 

“Unlike many coastal host cities, Kansas City stands alone as the only host city in the geographic heart of the United States,” Alford continued.

But the costs of taking on hosting duties can leave long-lasting scars. While national economic impacts from hosting mega-events like the World Cup can be in the green, due to tourism and spillover effects, individual cities often have a harder time breaking even. Spending on infrastructure can quickly end up as a sunk cost, as centerpieces like stadiums lie idle and drain public funds for years after the intended event—as was the case following the 2010 and 2014 World Cups in South Africa and Brazil, respectively.

Something similar already happened in the U.S. After the 1994 World Cup, the nine host cities posted cumulative losses between $5.5 billion and $9.3 billion, according to a 2004 study, well below the $4 billion gain forecast for cities before the tournament. Losses were due to infrastructure spending as well as high security and operating costs. The study also found World Cup-related economic impact tended to crowd out spending from locals that likely would have happened anyway, but didn’t as more residents opted to avoid highly trafficked areas.

Infrastructure expenses for this World Cup are small compared to previous editions of the tournament, in part because the U.S. hasn’t had to build any new stadiums. And several host cities have invested in projects that could have a longer economic tail, such as public transit and more urban green spaces.

But even for those cities swayed by the global prestige that comes with hosting rights in a World Cup, the bills are already piling up, and officials are being forced to choose between FIFA and their taxpayers. In New Jersey, a highly publicized war of words between the government and FIFA over transport surcharges for fans attending the state’s eight games recently culminated in fare reductions from $150 to around $100 with the help of external sponsors. New Jersey’s fares are still among the highest across U.S. host cities this summer.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
By Tristan BoveContributing Reporter
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Economy

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Economy

t
Personal FinanceWhite House
Trump said Australia’s system ‘worked out very well’ with $200,000 saved by 67 — so why didn’t he apply that model to Trump Accounts?
By Kris Iyer and The ConversationJuly 22, 2026
2 hours ago
t
CommentaryTariffs
Trump’s third tariff tantrum piles more dizzying distractions on top of ever-spiraling failures
By Jeffrey Sonnenfeld and Steven TianJuly 22, 2026
4 hours ago
t
AIMarkets
Billionaire Mike Bloomberg warns Trump’s AI ownership plan would make ‘George Orwell blush’
By Eva RoytburgJuly 21, 2026
19 hours ago
A ski worker in winter skiing gear strikes a pose in front of a ski slope in Lesotho.
Travel & LeisureDonald Trump
In Lesotho, the country’s only fully operational ski resort offers snowy slopes for Africa’s ski enthusiasts
By The Associated Press and Mogomotsi MagomeJuly 21, 2026
20 hours ago
UN’s worst-case scenario: Energy and fertilizer shock from Iran war could push nearly 19 million more into chronic hunger by 2030
EconomyUnited Nations
UN’s worst-case scenario: Energy and fertilizer shock from Iran war could push nearly 19 million more into chronic hunger by 2030
By Mia OsmonbekovJuly 21, 2026
20 hours ago
Welder on a navy boat
SuccessCareers
Jamie Dimon says six-figure shipyard jobs are the new ‘American Dream’—but candidates will need to endure hours of extreme heat, cold, and rain
By Preston ForeJuly 21, 2026
1 day ago

Most Popular

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
2 days ago
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
Cybersecurity
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
By Jeremy Kahn and Emily ForliniJuly 21, 2026
21 hours ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
1 day ago
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
2 days ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
1 day ago
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
AI
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
By Jason MaJuly 18, 2026
4 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.