Copenhagen, Denmark (My Sportsbook) - Rio de Janeiro has been awarded the 2016 Summer Olympics in a stunning voting process that left Chicago as the first of the four finalist cities eliminated. International Olympic Committee president Jacques Rogge made the announcement Friday in Copenhagen. Rio de Janeiro, which becomes the first city in South America to host the Olympics, beat Madrid in the final vote among IOC members. Tokyo was the other finalist. Despite the presence of President Barack Obama, who spoke during the United States' presentation earlier Friday, Chicago received the fewest votes in the first round of balloting, leaving Rio de Janeiro, Madrid and Tokyo alive in the process. Tokyo then garnered the least support in the second round, setting up the final ballot between Rio de Janeiro and Madrid.
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