Formula 1 is to race in Las Vegas until at least 2037 after extending its contract with the city by 10 years.
The first race in Las Vegas in 2023 was the culmination of 40 years of on and off attempts to secure a race there that incorporated the famous Strip into the track layout.
F1 was so determined for the race to become a success that it invested $500m in buying a plot of land in the centre of Las Vegas on which it constructed a new pit building and paddock.
Stefano Domenicali, the F1 president and chief executive officer, said: “We are thrilled that Formula 1 will continue racing in Las Vegas for many years to come.
“We always believed that Las Vegas would become a cornerstone of our presence in the United States, and this extension, together with the success of recent years, reinforces our long-term commitment to this important market.”
F1’s willingness to invest its own money in Las Vegas was a key factor in convincing the city to back the event, and to allow it to run down the Strip in front of the famous casino hotels.
The event has proved a major success for Las Vegas, turning what had been its least profitable weekend of the year, the one before Thanksgiving, into one of its most lucrative.
A statement from F1 said that since 2023 the grand prix had delivered $3.2bn (£2.4bn) in cumulative economic impact for Las Vegas, with the 2025 race alone generating $43m ($32m) in tax revenue for the city.
Steve Hill, the president and CEO of the Las Vegas Convention and Visitors Authority, said: “Extending our partnership with Formula 1 for the next decade is a major moment for both Las Vegas and the grand prix.
“In just three years, the race has become a signature global event – putting Las Vegas at the centre of culture, competition and entertainment during race week.
“As the spotlight of the world turns to Las Vegas, the event continues to reinforce our evolution as a premier sports and entertainment destination.”
