The Olympic Sports Centre covers the area of approximately 24,000 square metres and can be used by more than 4,000 visitors per day. The centre offers a multifunctional sports hall, an artificial turf football hall, facilities for basketball, volleyball, beach volleyball, athletics, swimming, gymnastics, as well as office spaces and a catering facility.
The arena has hosted a variety of sport competitions, as well as concerts, seminars and exhibitions, such as the 2006 NATO Riga Summit. It was the second arena of the 2016 Men's World Floorball Championship, the first being “Arena Riga”.
The Olympic Sports Centre will be the second arena of the 2021 IIHF Ice Hockey World Championship. The Olympic Sports Centre capacity for the 2021 IIHF Ice Hockey World Championship will be 6,000 seats. 28 games will be played at Olympic Sports Centre: The Group A games as well as two quarter-finals.