Overview
- Formula 1, Las Vegas Grand Prix, Inc., Clark County and the Las Vegas Convention and Visitors Authority announced on Thursday that they signed a 10-year extension keeping the Las Vegas Grand Prix on the calendar through at least 2037.
- Clark County commissioners voted unanimously to approve the deal and conditioned the long-term approval on faster build and teardown schedules and specific infrastructure upgrades to limit the multi-week disruption the street circuit previously caused.
- Organisers say the race has delivered a cumulative $3.2 billion economic impact for Southern Nevada and that the 2025 event generated $43 million in state and local tax revenue, including $15 million allocated to local K-12 education.
- Formula 1 and its parent Liberty Media have acted as both promoter and investor in Las Vegas, reportedly spending about $500 million on land and a permanent paddock facility to anchor the event and simplify future set-up work.
- One media report says the extension will include $10 million per year paid to F1, but that figure comes from a single source and has not been confirmed in official statements.