Las Vegas Grand Prix Extended Through 2027 With Strong Financial Impact

The Las Vegas Grand Prix, which debuted on the Formula 1 calendar in 2023 with a three-year contract, has secured a two-year extension through 2027, reflecting a commitment to establishing the race as a permanent fixture. Formula 1, uniquely acting as its own promoter for this event, alongside casino partners and local authorities, aims for a much longer-term arrangement despite early operational challenges such as high ticket and hotel prices and a track incident that delayed practice sessions. Adjustments like lowered ticket and hotel rates for 2024 and an earlier race start time have been implemented to improve the experience. The race, held the weekend before Thanksgiving, has significantly boosted Las Vegas's traditionally slow November commercial period, with the 2024 event generating $934 million in revenue and $45 million in taxes. Officials and F1 leadership express optimism about the race's future, emphasizing ongoing efforts to evolve the event and ensure mutual benefits for both the city and the sport. The inclusion of Las Vegas on the 2026 calendar was confirmed prior to the official announcement of the extension, underscoring the strong foundational support for the Grand Prix in the city.