MOTOR RACING: Las Vegas to host Formula One until 2037

MONACO – Las Vegas will continue to host a Formula One Grand Prix until at least 2037 after all parties agreed to a 10-year contract extension, the organizers announced on Thursday.

The floodlit Saturday night race, where drivers reach speeds of more than 200 mph (320 kph) along the city's famous Strip, is one of three U.S. rounds on the F1 calendar, alongside Austin and Miami. Las Vegas first hosted a grand prix in 2023. Austin has a contract until 2034, while Miami is secured through 2041.

“We are thrilled that Formula One will continue racing in Las Vegas for many years to come,” said Stefano Domenicali, CEO of the Liberty Media-owned sport. “Since its debut in 2023, the event has rapidly established itself as a premier destination for world-class racing, entertainment, global business leaders, A-list celebrities, and influencers. This extension reinforces our long-term commitment to the U.S. market.”

Formula One reported that the Las Vegas Grand Prix has delivered $3.2 billion in cumulative economic impact for Southern Nevada since its debut. All three races so far were sold out, with last year’s three-day attendance reaching 300,000. The event also generated $43 million in state and local tax revenue and contributed over $2 million to nonprofit organizations.

“Securing a 10-year extension through 2037 is a defining moment for the Las Vegas Grand Prix and reflects the strength of our local partnerships,” said Emily Prazer, president and CEO of Las Vegas Grand Prix Inc.

Clark County officials and the Las Vegas Convention and Visitors Authority (LVCVA) have all committed to the race’s long-term future. LVCVA president Steve Hill described the deal as a “major moment” for both the city and the event. “As the world’s spotlight turns to Las Vegas, the race continues to reinforce our evolution as a premier sports and entertainment destination,” he said. -Reporting by Alan Baldwin, editing by Pritha Sarkar/Reuters