Story perspectives

F1 Secures Las Vegas GP Through 2037, $500 M Investment

6/5/2026

Summary

Formula 1 Secures Vegas

Formula 1 signed a 10-year agreement to keep the Las Vegas Grand Prix on the calendar through 2037.
Clark County commissioners approved the race’s extension to 2037.
Formula 1 invested $500 million to purchase central-city land and construct a permanent pit and paddock.
The event generated $3.2 billion in economic impact and $43 million in tax revenue for southern Nevada last year.

Summary

LVCVA Funds F1

LVCVA will pay Formula 1 $10 million annually from 2028, a $100 million total that doubles the $6.5 million yearly sponsorship for 2023-2025 and now also covers event-hosting costs.
Formula 1 will install permanent plug-and-play lighting and power on Las Vegas Boulevard, cutting build-up and tear-down to four months.
Officials are studying moving the Flamingo Road bridge and adding a Boring Co. tunnel to ease race-week traffic.
The track’s asphalt is maintained year-round with no repave planned.

History

Historical Context

After a 35-year hiatus, Singapore revived its Grand Prix on 28 September 2008, staging the first Formula One night race with 1 600 floodlights and drawing an estimated 400 million TV viewers. Bernie Ecclestone hailed it as a new jewel, prompting other cities—most recently Las Vegas, whose 2037 extension mirrors Singapore’s public-private model—to embed permanent circuits and reshape motorsport economics.

1 of 3

Formula 1 Secures Vegas

Formula 1 signed a 10-year agreement to keep the Las Vegas Grand Prix on the calendar through 2037.
Clark County commissioners approved the race’s extension to 2037.
Formula 1 invested $500 million to purchase central-city land and construct a permanent pit and paddock.
The event generated $3.2 billion in economic impact and $43 million in tax revenue for southern Nevada last year.

1 / 3