Las Vegas Grand Prix Secured Through 2037: A Premier Racing and Entertainment Destination
Formula One and the Las Vegas Visitors and Convention Authority have agreed to extend the annual Las Vegas Grand Prix on the Strip through 2037. The 10-year extension will kick in after the current two-year deal expires in 2027. The event has become a premier destination for racing, entertainment, and business, attracting global leaders, celebrities, and influencers. The LVCVA will pay F1 $10 million per year to sponsor the event starting in 2028, totaling $100 million pending board approval. The first three races generated $3.2 billion in economic impact for Southern Nevada.
F1 will invest in adding permanent race infrastructure elements around the circuit to speed up setup and dismantling. The upgrades will focus on Las Vegas Boulevard to improve infrastructure and reduce build times. The track lighting will be powered by permanent sources instead of temporary generators. Discussions are ongoing about the future of the temporary bridge on Flamingo Road over Koval. The race will continue to be held on the weekend before Thanksgiving in November.
Last year's race generated $43 million in state and local tax revenue, with $15 million allocated to support local education. The long-term deal aims to strengthen F1's ties with Southern Nevadans and address previous concerns about construction and ticket prices. The Las Vegas Grand Prix Foundation has contributed over $2 million to local nonprofits and offers educational experiences at Grand Prix Plaza. The race organizers are focused on keeping Las Vegas' race as the premier date on F1's calendar each year.
Having the Grand Prix secured through 2037 ensures a major event in Las Vegas each November. The LVCVA plans to have significant events in the city during the first and second halves of the year annually. The race has become a global advertising opportunity for Las Vegas, attracting attention and boosting the city's value. The future events in Las Vegas include the College Football Playoff national championship, NCAA Men's Final Four, and the return of the Super Bowl in 2029.