F1 and Las Vegas signed a deal that will see the return of F1 in Las Vegas after 40 years. The world-famous neon lights of Las Vegas will provide the backdrop to Formula 1’s newest race when the American city hosts a night event in 2023. The deal between F1 and Las Vegas makes this Grand Prix the most Lucrative Deal.
- F1 Las Vegas became the Lucrative Deal worth £1Billion.
- Formula One chiefs have sealed the sport’s first-ever £1billion deal over 10 years
- The 50-lap race track will be held on one of the two last November weekends
- It is believed the race, could generate £100million for F1
F1 Las Vegas Most Lucrative Deal
Formula one hits the jackpot deal after signing a Billion Euro deal over 10 years time period for a Grand Prix. The Grand Prix in las vegas will be started on November 2023, on the Vegas famous Strip. It is the biggest and most lucrative deal in F1 sports history.
The deal between F1 and Las Vegas will award F1 £1Billion over a decade starting from 2023. Sources believe if the arrangement lasts for a decade, this could accrue more than £100million per race. The billion-pound mark will be exceeded and will make Las Vegas the most lucrative Grand Prix ever.
Ticket sales, merchandise revenues, and sponsorship deals will fall straight into Formula One’s bank account.
Stefano Domenicali, president, and chief executive of Formula 1, Said:
“This is an incredible moment for Formula 1 that demonstrates the huge appeal and growth of our sport with a third race in the US.”
“Las Vegas is known around the world for its excitement, hospitality, thrills, and the famous Strip. There is no better place for Formula 1 to race than in the global entertainment capital of the world. We cannot wait to be here next year.”
Las Vegas Grand Prix
Las Vegas Grand Prix is to take place on a Saturday night in November 2023. The tracks will run down the Las Vegas Strip and are 3.8 miles (6.2km) long from start to finish, with top speeds estimated to be over 212mph (342km/h).
Formula One will return to Las Vegas next year with the race taking place on the famous Las Vegas Strip.
The grand prize will be held on a Saturday night in November, with the track sweeping past some of the city’s most legendary landmarks, hotels, and casinos.
The track design is 3.8 miles long from start to finish with top speeds estimated to be over 212 mph.
There will be 50 race laps with three main straights and 14 corners, including a high-speed cornering sequence and a single chicane section.
10 Most Lucrative Grand Prix
|Country||Track||Hosting fee ($)|
|United States||Las Vegas Strip||131 Million|
|Saudi Arabia||Jeddah Corniche||55 million|
|Abu Dhabi||Yas Marina||40 million|
|Singapore||Marina Bay||35 million|