Study estimates economic impact of USA World Cup at $5bn

Earlier this month, England’s World Cup Bid Committee said hosting either tournament would benefit that country by the same amount.

The study was undertaken by the Economics practice at AECOM, an international sports and entertainment attraction consulting firm, who previously conducted economic and community impact analyses for the 1994 USA World Cup and 1984 Los Angeles Olympic Games.

The analysis also estimates that between 65,000 and 100,000 new jobs would be created in the various host cities during the preparation and operation of the tournament in the year of the event.

“The numbers delivered by this study fully support our initial estimations,” said David Downs, the USA Bid Committee executive director. “While the economic impact to our country and our cities during the World Cup will be of vast significance, our goal is to have an even greater impact during the eight to 12 years leading up to the event that will stimulate the development of the game and the soccer economy, both at national and international levels.”

The USA faces stiff competition from Australia, England, Indonesia, Japan, Russia, Netherlands-Belgium and Portugal-Spain. Qatar and South Korea have submitted bids to host only the 2022 tournament.

A decision will be made by FIFA in December 2010.