F1 formally extends Las Vegas GP to 2027 - ESPN

The Las Vegas Grand Prix and Formula 1 have officially confirmed a deal to keep racing through 2027, although both parties want to continue beyond the current decade.

F1's Las Vegas race debuted in 2023 on an initial three-year deal on a circuit which features a long backstraight down the city's iconic Strip.

Clark County has already confirmed a plan for the race to take place through 2032 and the Las Vegas race appeared on the 2026 calendar released this week, although it had technically done so without a deal confirmed.

On Saturday, Formula 1 confirmed the next contract cycle for its new flagship race.

«We've agreed collectively that we're going to do a two-year extension for 2026 and '27,» said Emily Prazer, president of the Las Vegas GP, on Saturday.

«We want to make sure that we're continuing to evolve what we're doing. But the intent is a much longer-term arrangement.

»As we all know, the race has had its challenges, but we're coming out the other side. So we want to make sure that it continues to work for both sides. So collectively, we sat down and agreed that was the best approach. We're very much planning longer-term, but that's kind of where we're at right now."

Las Vegas' 2025 event will take place on Nov. 22, taking its now-customary position the weekend before Thanksgiving.

City officials credit the race for flipping that weekend from one of its least commercially successful into to one of its biggest money-spinners.

November itself has traditionally been one of Las Vegas' weakest, but last year the month was the most commercially successful in the city's history.

Figures released this year said the 2024 event alone generated $934 million in revenue, while raising $45 million in taxes.

Formula 1 has built a