Formula 1 will keep racing down the Las Vegas Strip until at least 2037. The sport and the Las Vegas Convention and Visitors Authority have confirmed a 10-year extension that begins in 2028, tying one of F1's biggest commercial bets to the city for another decade and settling any lingering doubt about a race that arrived in 2023 amid equal parts hype and skepticism.
Stefano Domenicali framed the deal as a vindication of that gamble. "We are thrilled that Formula 1 will continue racing in Las Vegas for many years to come," the F1 president and CEO said. "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." He added that the sport had "always believed that Las Vegas would become a cornerstone of our presence in the United States."
The numbers behind the announcement are the real argument. F1 says the race has generated $3.2 billion in cumulative economic impact since 2023, drew roughly 300,000 fans across three days in 2025, and returned $43 million in state and local tax revenue last year, including $15 million directed to K-12 education. The promoter leaned on those figures as proof the event has bedded in.
"Securing a 10-year extension through 2037 is a defining moment for the Las Vegas Grand Prix," said Emily Prazer, president and CEO of Las Vegas Grand Prix, Inc. Steve Hill, who leads the LVCVA, called it "a major moment for both Las Vegas and the Grand Prix."
It did not always look this assured. F1 ploughed a reported $500 million into land and a permanent pit building to get the race off the ground, and the 2023 debut was a mess. A loose drain cover tore a hole in Carlos Sainz's Ferrari during opening practice, the session was red-flagged, and the rescheduled running eventually started at 2:30 in the morning behind closed doors. Grandstand tickets that first year began around $1,000, fuelling a backlash about a race some felt had been built for sponsors and celebrities before supporters.
Not everyone is fully sold even now, but the criticism has softened. Jalopnik's verdict was that Vegas is "the best of a bad bunch" among F1's recent additions, praise aimed at a layout that, unlike the processions in Saudi Arabia or the new Madrid project, actually produces overtaking. The 6.2km circuit runs past the Bellagio, Caesars Palace and the Wynn at speeds beyond 320 km/h, and the racing has backed up the spectacle: Max Verstappen won the inaugural event, George Russell took 2024, and Verstappen won again in 2025 after McLaren's double disqualification.
Under the terms reported by GPFans, F1 receives around $10 million a year from the local authority over the life of the deal. The 2026 edition is locked in for November 19-21, the season's penultimate round, and now sits inside a contract that runs all the way to 2037.
For a race that spent its first weekend being ridiculed, a guaranteed decade on the calendar is its own kind of answer.
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*Originally published on [News Formula One](https://newsformula.one/article/f1-locks-in-las-vegas-through-2037-with-10-year-strip-deal). Visit for full coverage.*
