The International Olympic Committee, Wednesday, formally announced that the 2024 Summer Olympics will be held in Paris while Los Angeles will host the 2028 Games.
The choices were made without the "usual dramatic vote" due to an agreement between the IOC and the future host cities.
In July, Adam Nagourney and Jere Longman of the New York Times reported Olympic officials considered the opportunity to lock in two host cities a "win for all" rather than having France's capital and L.A. battle for the 2024 Olympics without a plan in place for 2028.
The "tripartite agreement" between the International Olympic Committee (IOC), Paris 2024 and Los Angeles 2028 was ratified in the Peruvian capital Lima.
The historic compromise sees both cities join London as three-time hosts of the summer Games, with Paris getting its wish to go first and celebrate the 100th anniversary of its last Olympics in 1924.
LA, meanwhile, gets the certainty of a Games without a bidding contest and early access to at least £1.8bn in shared revenue to kick-start its legacy plans 11 years early.
"Paris and Los Angeles are two amazing global cities that are united in their support of the Olympic cause and we stand together now to help the Games thrive in 2024 and 2028," Paris mayor Anne Hidalgo said.
The deal was sealed on July 31 after weeks of steady negotiations between the three parties.
President Thomas Bach of the IOC also congratulated the cities.
"Congratulations to Paris 2024 and Los Angeles 2028.
"This historic double allocation is a 'win-win-win' situation for the city of Paris, the city of Los Angeles and the IOC.
"It is hard to imagine something better. Ensuring the stability of the Olympic Games for the athletes of the world for the next 11 years is something extraordinary.
"These are two great cities from two great countries with a great Olympic history.
"Both cities are very enthusiastic about the Games and are promoting the Olympic spirit in a fantastic way."
Both Paris 2024 and Los Angeles 2028 officials expressed their excitement at the decision to award their cities the Olympic Games.
Paris 2024 bid co-chair Tony Estanguet said: "Paris 2024 is made for sharing."
LA 2028 bid chairman Casey Wasserman added: "The Olympic movement is the greatest expression of shared human values ever created.
"I can assure you that LA 2028 is ready."