Formula 1 Extends United States Grand Prix at Circuit of the Americas Through 2034

Formula 1 has officially announced an eight-year extension of the United States Grand Prix at the Circuit of the Americas (COTA) in Austin, Texas, ensuring the race will remain on the calendar through the 2034 season. This agreement solidifies COTA's status as a key venue in the U.S. motorsport landscape, having first hosted the event in 2012. The extension comes as F1 continues to expand its presence in the United States, alongside races in Miami and Las Vegas.

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The United States Grand Prix has become one of the highest-attended events in the F1 calendar, drawing over 430,000 spectators in recent years. The race has generated an estimated $7 billion in economic impact for Austin and Texas since its inception, with the 2023 event alone contributing over $1 billion in direct and indirect spending. This financial success has been bolstered by a unique arrangement with the state of Texas, which allows race officials to apply for tax revenue to help cover F1's licensing fees.

Formula 1 Extends United States Grand Prix Until 2034

Stefano Domenicali, President and CEO of Formula 1, expressed gratitude to the City of Austin and Travis County for their support, stating, “Each year, the event at the Circuit of the Americas stands out as a true highlight for fans, drivers, and teams alike.” He emphasized the importance of the partnership with COTA and Texas Governor Greg Abbott, noting their commitment to the sport's growth in the U.S.

Formula 1 announces extension of the United States Grand Prix through 2034

Bobby Epstein, Chairman of COTA, echoed these sentiments, stating, “We’re glad Formula 1 has found a home in Texas... With this contract, COTA will overtake Watkins Glen as the longest-serving Formula 1 track in the United States.” He highlighted the event's transformation into one of the world’s biggest single-weekend sporting events.

F1 announces HUGE decision on US Grand Prix future just hours ahead of COTA race

While the extension has been largely celebrated, some critics have raised concerns about the sustainability of hosting multiple F1 events in the U.S. They argue that the market could become oversaturated, potentially impacting attendance and interest in individual races. However, COTA officials maintain that each event has carved out its own identity and audience.

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Looking ahead, COTA plans to enhance its facilities, including expanded pit garages and luxury paddock club areas, in anticipation of the arrival of Cadillac's F1 team in 2026. The circuit is also set to host new entertainment initiatives, such as the inaugural F1 Grid Gigs, which will feature performances by local artists during race weekends.

Formula 1 locks in Austin: COTA to Host US Grand Prix until 2034

The extension of the United States Grand Prix at COTA through 2034 marks a significant milestone for both Formula 1 and the Austin community. As the sport continues to grow in popularity across the U.S., this partnership promises to deliver thrilling racing experiences and substantial economic benefits for years to come.

Formula 1 secures long-term future in Austin with Circuit of The Americas deal through 2034