Olympic is one of the renowed games, which has a long tradition, and continued playing till now. Holding global sporting extravaganzas such as the Olympic Games is undoubtedly a thrilling experiance for the host nation. While some believe that such events bring numerous benefits, others feel that they are simply an exorbitant expenditure with little long-term value. This essay will outline both perspectives before presenting my own opinion, which leans towards the view that advantages outweigh the drawbacks, provided the investment is well planned.