WorldwideThe prestige for acquiring the Olympic Games is enormous. Many countries vie for the honor but only one gets selected by the International Olympic Committee to host the games. Not only is this an honor for the selected country but a HUGE money maker that begins almost immediately!
The USA spent a lot of time and money to attempt to secure the Olympic games for the United States and the city of Chicago. The United States was the first country eliminated out of the final four. Some of the reasons could be attributed to recent events.

Reason #1
Chicago was speculated to be the number one choice for the games according to Las Vegas odds boards. The President and First Lady even flew over and spoke to the committee touting the Chicago location. Not to mention Oprah Winfrey was also there.
Perhaps the terrible beating death in Chicago that was captured on a cell phone recently was seen by committee members. A 16 year old honor student was brutally beaten with a railroad tie and the photos were seen by thousands. Chicago may not have been deemed a good place to have the games. Too much crime and unrest.

Reason #2
More likely would be the fact that the Olympic games have NEVER been played in South America. The Brazilian president, Luiz Inácio Lula da Silva said, "This is a continent that has never held the games. It is time to address this imbalance. It is time to light the Olympic cauldron in a tropical country." Rio de Janeiro became the first South American city to be awarded the right to hold the Olympic games after the city beat Madrid, Tokyo and Chicago in a secret IOC ballot on Friday

The only continent that has not been host or chosen to be host is Africa. Who knows, perhaps in 2020!

The United States has hosted four Summer and four Winter Olympics, more than any other nation.