Los Angeles will be the first bid city to give their presentation to the International Olympic Committee Session in Lima, Peru in 2017.
As the result of a lot-drawing to determine the order in which bid cities will present at the session, Los Angeles was picked first followed by Rome, Budapest, and Paris.
The 2017 Session will determine who will host the 2024 Olympic and Paralympic Games.
Currently Paris is the favorite to host the Games with 6/4 odds followed by Los Angeles with odds at 5/1.
If Los Angeles wins the bid, then it will be their first time hosting the Olympic Games since they hosted the Winter Olympics in 2002 in Salt Lake City. It would mark their first time hosting the summer Olympics since the 1996 games in Atlanta.
If Paris wins it will mark the 100-year anniversary of the last time they hosted the games when they did so in the summer of 1924. France has hosted the games twice since then in 1968 and 1992.
Both Los Angeles and Paris are two of the five cities that have hosted the games multiple times since the modern day games began back in 1896. If one of the two cities earns the right to host the Olympics, they will join London as the only other city to have hosted three editions of the games.
Rome has hosted the games once before in 1960, whereas neither Budapest or any other city in Hungary has ever hosted an Olympic Games.
Currently Rome is at 8/1 odds in winning and Budapest is at 16/1 odds.