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Formula 1 Announces 10-Year Extension of Las Vegas Grand Prix to 2037
Officials said the race has generated $3.2 billion in economic impact and $43 million in tax revenue since its 2023 debut.
- On Thursday, Las Vegas Grand Prix, Inc. and the Las Vegas Convention and Visitors Authority announced a 10-year contract extension ensuring Formula 1 will continue racing on the Las Vegas Strip through at least 2037.
- Since debuting in 2023, the event has delivered $3.2 billion in cumulative economic impact for Southern Nevada, prompting officials to secure the long-term deal and reinforce Las Vegas as a cornerstone of the sport's U.S. presence.
- Last year's race generated $43 million in state and local tax revenue, including $15 million for K-12 education, while the Las Vegas Grand Prix Foundation contributed over $2 million to local nonprofit organizations.
- With the long-term agreement secured, Formula 1 plans permanent infrastructure investments on Las Vegas Boulevard to reduce setup times, which LVCVA President and CEO Steve Hill described as "plug-and-play" upgrades.
- The extension positions Las Vegas alongside other major American venues: the Miami Grand Prix holds a contract through 2041, while Austin, Texas has secured the Formula One race through 2034.
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Vegas Stays Full Throttle On F1 Through 2037
F1 Las Vegas The engines will keep revving for another 10 years in Las Vegas! Formula 1 will continue racing in Sin City through 2037 after securing a new 10-year extension. The agreement, backed by Las Vegas Grand Prix, Inc., Clark County officials, and the Las Vegas Convention and Visitors Authority, reinforces the city’s status as a premier global sports and entertainment destination and ensures the long-term future of one of the most high-pr…
Las Vegas is the glittering metropolis par excellence - and has also been the venue for a Formula 1 race for three years. For the region and motorsport, it seems that a financially lucrative cooperation is now being sealed in the long term.
Coverage Details
Total News Sources52
Leaning Left9Leaning Right7Center19Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 26%
C 54%
R 20%
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