Las Vegas Grand Prix Secures 10-Year F1 Extension Through 2037 as Race Generated $43 Million in Taxes
Updated
Updated · ESPN · Jun 4
Las Vegas Grand Prix Secures 10-Year F1 Extension Through 2037 as Race Generated $43 Million in Taxes
3 articles · Updated · ESPN · Jun 4
Summary
Las Vegas locked in Formula 1 through 2037 with a 10-year extension, cementing the Strip street race as a long-term fixture after its 2023 debut.
The renewal was driven by the event’s economic payoff: records show $43 million in state and local tax revenue last year, while earlier reporting put cumulative impact at $3.2 billion since 2023.
The race is unusual on the F1 calendar because Formula 1 acts as both promoter and host, supported by the 39-acre Grand Prix Plaza complex that serves as the paddock during race week.
The deal strengthens F1’s U.S. footprint to at least three races for years ahead, alongside Austin through 2034 and Miami through 2041.
The race generates billions for Las Vegas. How will this wealth benefit small businesses and communities beyond the Strip?
With a deal until 2037, what new infrastructure will permanently ease the race's annual disruption for Las Vegas locals?
F1 invested $500M in a permanent facility. What is its year-round business plan for this prime Las Vegas property?
Las Vegas Grand Prix Secures Future Through 2037: Economic Impact, Community Integration, and Sustainability in Focus
Overview
On May 19, the Clark County Board of County Commissioners unanimously approved a new 10-year contract, extending the Formula 1 Las Vegas Grand Prix through 2037. This decision ensures Las Vegas will host the prestigious race for 12 more years, firmly establishing the event as a marquee fixture in the city’s identity and on the global sports calendar. With the eyes of the world on Las Vegas each November, the Grand Prix brings unmatched global exposure, providing the best advertising the city can get and reinforcing its status as a true Formula One city.