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Breaking: Formula 1 has confirmed a new partnership with the Las Vegas Grand prix, extending the race’s presence on the calendar through 2025.The announcement, made today, solidifies Las Vegas as a key strategic location for the sport, attracting a global audience and significant economic impact.
the Las Vegas Grand Prix, first held in November 2023, quickly became a highlight of the F1 season, drawing over 315,000 attendees and generating an estimated $750 million in economic activity for the Clark County region, according to the Las Vegas Convention and Visitors Authority. The race, uniquely staged on a street circuit incorporating the Las Vegas Strip, presented a novel challenge for teams and drivers, and captivated fans worldwide.
The extension ensures the race will continue to be held annually on a Saturday night, a deliberate scheduling choice to maximize viewership and capitalize on Las Vegas’s vibrant nightlife. The 3.8-mile (6.12 km) circuit features 17 corners, including a high-speed 1.2-mile (1.93 km) straight on the Strip, demanding significant aerodynamic efficiency and braking performance from the cars.
This multi-year deal underscores Formula 1’s commitment to expanding its presence in the United States, a market that has seen significant growth in recent years. The United States now hosts three Formula 1 races: the Miami Grand Prix at the Miami International Autodrome, the United States grand Prix at the Circuit of the Americas in Austin, Texas, and the Las Vegas Grand Prix.The Austin race, held as 2012, has consistently drawn large crowds, but the addition of Miami in 2022 and Las Vegas in 2023 has dramatically increased F1’s profile and fan base within the country.
stefano Domenicali, President and CEO of Formula 1, stated that the Las Vegas Grand Prix has “quickly become one of the most exciting races on the calendar” and that the extension is a “significant step” in the sport’s long-term strategy. Liberty Media, the parent company of Formula 1, acquired the sport in 2017 for $8 billion and has as focused on expanding its global reach and modernizing its commercial operations.
The Las Vegas Grand Prix is a collaboration between Formula 1, Liberty media, and the Las Vegas Convention and Visitors Authority (LVCVA). Steve Hill, president and CEO of the LVCVA, emphasized the positive economic impact of the race and the opportunity to showcase Las Vegas as a world-class destination. The race also benefits from significant infrastructure improvements around the Las Vegas Convention Center,including the West Hall expansion,which played a crucial role in accommodating the event.
Looking ahead, organizers are planning further enhancements to the race experience, including improved fan zones, hospitality options, and entertainment offerings.Discussions are also underway regarding potential modifications to the circuit layout to further enhance the racing spectacle. The 2024 Las Vegas Grand Prix is scheduled for November 21-23, 2024.
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