Feb 15, 2023
Las Vegas wants its Formula 1 marriage to last.
The Clark County Commission has granted permission to stage the Las Vegas Grand Prix each year through 2032. F1 will make its first appearance in Sin City for decades this November.
F1 has a three-year deal to race on the Las Vegas Strip, which ends in 2025.
Clark County commissioner James Gibson said they “anticipate a lifetime in partnership.”
The measure seeks to keep the F1 race in the same spot on the calendar, granting use of Las Vegas Boulevard South on “Wednesday to Sunday, the week prior to Thanksgiving.”
F1 is targeting $500 million in revenue for the race weekend. Hotels are also expecting a bonanza, with both race founding partners Wynn and Caesars each offering luxury packages costing at least $1 million.
Source: Front Office Sports