Formula 1 is set to continue racing in Las Vegas for the next decade following the long-term extension agreed by Clark County officials and the Las Vegas Convention and Visitors Authority (LVCVA).
The Las Vegas Grand Prix has accumulated $3.2 billion in economic impact for Southern Nevada following its debut back in 2023.
The event also continues to make a significant impact in the community with the Las Vegas Grand Prix Foundation contributing over $2 million to nonprofit organisations.
The contributions created educational opportunities for hundreds of Clark County School District students and local community groups throughout the year.
Las Vegas remains as the Sports and Entertainment Capital of the World, and the Grand Prix is known for bringing together leaders and audiences from across sport, entertainment, culture, and business, redefining what a Grand Prix can deliver as a full-scale destination experience in the United States.
Stefano Domenicali, President and CEO of Formula 1, said:
“We are thrilled that Formula 1 will continue racing in Las Vegas for many years to come. Since its debut in 2023, the event has been extraordinary, rapidly establishing itself as a premier destination for great racing, world-class entertainment, global business leaders, A-list celebrities and influencers.
“It has delivered a strong and lasting impact on the local economy and community. We always believed that Las Vegas would become a cornerstone of our presence in the United States, and this extension, together with the success of recent years, reinforces our long-term commitment to this important market.
“I would like to thank Las Vegas Grand Prix, Clark County, and the LVCVA for their continued support, passion and vision. The future is incredibly exciting, and we look forward to taking this event to even greater heights.”
Emily Prazer, President and CEO of Las Vegas Grand Prix, Inc. said:
“Securing a 10-year extension through 2037 is a defining moment for the Las Vegas Grand Prix and a reflection of the strength of our local partnerships. I’m incredibly proud of the team we have built in Las Vegas and our shared commitment to supporting the Southern Nevada community.
“We’re deeply grateful to the Clark County Commission, LVCVA, our resort partners and the broader Las Vegas community for their continued collaboration and support in bringing this event to life.
“Las Vegas is unlike anywhere else in the world, and its energy, hospitality and scale have played a major role in shaping what this race has become. This long-term extension allows us to continue delivering a world-class experience for our fans.”
Steve Hill, President and CEO of LVCVA, said:
“Extending our partnership with Formula 1 for the next decade is a major moment for both Las Vegas and the Grand Prix. In just three years, the race has become a signature global event – putting Las Vegas at the center of culture, competition and entertainment during race week.
“As the spotlight of the world turns to Las Vegas, the event continues to reinforce our evolution as a premier sports and entertainment destination. Built for spectacle and designed to host the world’s biggest moments, Las Vegas is proud to continue this dynamic partnership with Formula 1 for the next decade and beyond.”
