When the . last hosted an Olympic Games, the Winter Games in Salt Lake City in 2002, it cost $ billion -- with $600 million coming from tax dollars. However, it operated at a $101 million profit and paid off all related debt by 2002. However, the $15 billion Greece paid for the 2004 Summer Games in Athens led to a $ billion loss and a debt crisis. Last year's $ billion Summer Games in Rio left local government so broke that Rio de Janeiro State University can't start classes this year because there is no money left to pay employees.