The new projected cost for B.C. to host seven FIFA World Cup Games in 2026 has essentially doubled, estimated between $438 million to $581 million as revealed by the Government on Tuesday.
This is a substantial increase from the province’s last projection in 2022, pegged the costs at between an estimated $240 to $260 million.
However, these gross costs are expected to be offset by $383 million to $436 million in estimated revenues and recoveries, including:
* $116 million in direct financial contribution from the federal government
* $230 million in estimated revenue from the additional major events municipal and regional district tax introduced in the City of Vancouver in February 2023
* $37 million to $90 million in anticipated revenue from other sources, such as facility rental fees and the FIFA commercial revenue program, which includes revenue opportunities at the FIFA fan festival, and opportunities for host city supporters and donors, and other provincial revenue.
After taking into account estimated revenues and recoveries, the Province estimates the out of pocket costs to be $100 million to $145 million. This does not take into account potential additional provincial tax revenues as identified in the Province’s updated estimates of economic impact benefits, which are projected to be $224 million.
“The Government of Canada is proud to contribute close to $116 million to the 2026 FIFA Men’s World Cup in Vancouver, B.C. This event will showcase the hospitality, cultural diversity and landscape of British Columbia, while generating significant economic impact for communities across the province,” said Carla Qualtrough, Federal Minister of Sport and Physical Activity.
“Canadians are excited to cheer on Team Canada here at home. We are also excited to welcome the world to Vancouver in 2026!”
With Vancouver now confirmed to host seven matches, the economic benefits of hosting are estimated to include more than one million out-of-province visitors between 2026 and 2031, generating more than $1 billion in additional visitor spending and potentially up to $224 million in direct, indirect and other related provincial tax revenues.
The Province is committed to maximizing the social and economic impacts of these matches and will work to ensure people in all regions of the province share in the benefits.
“In just two short years, Vancouver will welcome the biggest event in the world,” said Ken Sim, mayor of Vancouver.
“Hosting FIFA World Cup 26 Vancouver will boost Vancouver’s hospitality and entertainment industries, transform our city and make us a world-class destination for tourism and major event hosting for decades to come.”
Investments in renovations and improvements to BC Place will improve accessibility and help the stadium remain modern and competitive on the global stage for years to come to continue to attract the world’s best sports, music and events.
More than 3.5 billion people watch the FIFA World Cup every four years.
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