The United States could bid for future Olympics after agreeing a revenue sharing deal with the International Olympic Committee.
The two bodies have been in a stand off for some time, but have now resolved their issues around the United States Olympic Committee's marketing contracts and broadcasting revenues.
The IOC felt the US was getting more than its fair share.
The US last hosted a summer Olympics at Atlanta in 1996 and a Winter Olympics at Salt Lake City in 2002, but both New York and Chicago have failed in recent bids.
The USOC has agreed to contribute to the administrative costs of staging the Olympics.
Photo: London, where this year's Olympics will be held.