Are the Olympics worth it?

For the city YES.

The city which hosts and Olympics generally does accrue quite a bit of "name recognition". Also the increase in tourism and tax revenues from tourists, the boost to the economy from the extra jobs and construction are not counted. So if the city's Olympic Committee goes in the red, it the city has still benefited, Since many recent Olympics have reported a profit, L.A., Calgary and Atlanta come to mind, There is little doubt that there is an economic benefit.

For the Athletes: YES

Money from endorsements, pride, and aclaim can accrue.

For the Countries, fielding an Olympic team may seem expensive, but it is probably one of the most cost effective ways to build national unity and pride. I know, I get a lump in my throat when I hear "Oh, Canada" and see that maple leaf rise, in the middle.

For the Fans: YES

I'm a Hockey Fan, the best hockey in the world now is the Olympic tournament. Six Teams that with more talent than any of the 30 odd NHL teams. Players really put their hearts into it because for two weeks every 4 years they are not mercenaries. There have been a lot of valid criticisms of the Olympic process. Nowadays, I look at it as just another professional sporting event. As a professional event. It is quite good.

I don't really watch Olympics now except for The hockey and taped awards ceremonies. I don't really like "judged" sports. But I don't begrudge people who do. As far as "knowing the winners in advance" I've been surprised a few times in figure skating and the pressure of Olympic competition can cause even very seasoned skaters to crack.

Darts in the Olympics.... BRING it On!!!!