Vegas Grand Prix Extended
Formula 1 announces 10-year extension for Las Vegas Grand Prix through 2037
Formula 1 has locked in Las Vegas as a permanent fixture on its calendar, announcing a 10-year extension that keeps the Las Vegas Grand Prix running through 2037. AP News reported the deal was formally unveiled on June 4, 2026, during the Monaco Grand Prix weekend, following a new agreement with the Las Vegas Convention and Visitors Authority (LVCVA).
The race has grown fast since its 2023 debut. In just three years, it has generated a cumulative $3.2 billion in economic impact for Southern Nevada, according to F1.com. F1 CEO Stefano Domenicali called Las Vegas a "cornerstone" of the sport's U.S. presence, saying the extension "reinforces our long-term commitment to this important market."
From Parking Lot Failure to Strip Showpiece
Las Vegas has a rocky F1 history. The original Caesars Palace Grand Prix ran in 1981 and 1982 on a temporary track in a casino parking lot. Drivers called it the "worst track in history." Poor attendance and financial losses drove F1 out after just two races, according to Fox5 Las Vegas.
The modern race is a different animal. Liberty Media, F1's parent company, spent $240 million to buy 39 acres on the Las Vegas Strip and build a permanent pit and paddock facility. The 3.8-mile circuit runs along the iconic neon-lit boulevard. Max Verstappen won the first race in 2023. George Russell won in 2024. Verstappen took the win again in 2025, the same year U.S. TV viewership surged 68%, per MotorBiscuit.
A $100 Million LVCVA Deal Seals the Extension
The new deal runs from 2028 to 2037 and includes a $100 million sponsorship commitment from the LVCVA — $10 million per year. The Clark County Commission voted unanimously on May 19, 2026, to extend its support through 2037, clearing the final political hurdle before F1's official announcement, according to the Las Vegas Sun.
Emily Prazer, CEO of Las Vegas Grand Prix, Inc., called it "a defining moment" that reflects "the strength of our local partnerships." LVCVA President Steve Hill said the race has helped cement Las Vegas as "a premier sports and entertainment destination," per The Straits Times.
Economic Wins — But Not for Everyone
The numbers are hard to argue with. The 2023 race alone generated $77 million in state and local tax revenue — more than any single event in Las Vegas history, including the Super Bowl. The average out-of-town visitor spent $2,400 beyond their ticket, nearly double the typical Las Vegas tourist, according to the Las Vegas Sun.
But small businesses near the circuit tell a different story. During the 2023 setup phase — which stretched nearly nine months — some reported revenue drops of 30–40% due to road closures. Lawsuits alleging "public nuisance" were filed by local operators including Tuscany Suites and Ellis Island. Clark County Chairman Michael Naft backed the extension but demanded "very clear parameters" to shrink the setup timeline, according to the Las Vegas Review-Journal.
Permanent Infrastructure Will Shrink the Disruption Window
F1 and Las Vegas Grand Prix, Inc. plan to use the extended timeline to build permanent race infrastructure into the Strip itself — including fixed lighting connections that will eventually replace the temporary structures that blocked traffic for months. The goal is to cut the setup window from nine months in 2023 to under 10 weeks, per the Sports Business Journal.
The race also targets the weekend before Thanksgiving — traditionally one of Las Vegas's slowest tourism periods. In 2025, the event generated $43 million in state and local tax revenue. A portion of that money, $15 million, was directed to local K-12 education from 2025 tax revenues, according to MotorBiscuit.
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