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F1’s willingness to invest its own money in Las Vegas was a key factor in convincing the city to back the event, and to allow it to run down the Strip in front of the famous casino hotels.<\/p>\n
The event has proved a major success for Las Vegas, turning what had been its least profitable weekend of the year, the one before Thanksgiving, into one of its most lucrative.<\/p>\n
A statement from F1 said that since 2023 the grand prix had delivered $3.2bn (\u00a32.4bn) in cumulative economic impact for Las Vegas, with the 2025 race alone generating $43m ($32m) in tax revenue for the city.<\/p>\n
Steve Hill, the president and CEO of the Las Vegas Convention and Visitors Authority, said: “Extending our partnership with Formula 1 for the next decade is a major moment for both Las Vegas and the grand prix.<\/p>\n
“In just three years, the race has become a signature global event – putting Las Vegas at the centre of culture, competition and entertainment during race week.<\/p>\n
“As the spotlight of the world turns to Las Vegas, the event continues to reinforce our evolution as a premier sports and entertainment destination.”<\/p>\n<\/div>\n