Las Vegas to host Formula One until 2037

MONACO, June 4 : Las Vegas will continue to host a Formula One Grand Prix until at least 2037 after agreeing a 10-year contract extension, all parties announced on Thursday.

The floodlit Saturday night race, which features drivers racing along the Nevada city's famed Strip at more than 200mph/320kph, is one of three U.S. rounds on the F1 calendar - with Austin and Miami - and first hosted a grand prix in 2023.

Austin, Texas, has a contract to 2034 and Miami until 2041. 

"We are thrilled that Formula One will continue racing in Las Vegas for many years to come," said the Liberty Media-owned sport's chief executive Stefano Domenicali in a statement ahead of the weekend's Monaco Grand Prix.

"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.

"We always believed that Las Vegas would become a cornerstone of our presence in the United States and this extension, together with the success of recent years, reinforces our long-term commitment to this important market."

Formula One said the grand prix had delivered $3.2 billion in cumulative economic impact for Southern Nevada since its debut, with all three races to date sold out. Last year's three-day attendance was officially 300,000.

Last year the race generated $43 million in state and local tax revenue, as well as contributing more than $2 million to nonprofit organisations.

"Securing a 10-year extension through 2037 is a defining moment for the Las Vegas Grand Prix and a reflection of the strength of our local partnerships," said Las Vegas Grand Prix president and CEO Emily Prazer.

Las Vegas Grand Prix Inc, Clark County