Formula 1 signs 10-year contract extension to race in Las Vegas until 2037

Formula 1 will continue to race in Las Vegas until at least 2037 after agreeing a 10-year contract extension with the Nevada city.

The groundbreaking event debuted on the calendar in 2023, marking the culmination of four decades of intermittent attempts to incorporate the famous Strip into a track layout.

To ensure the ambitious project became a success, the sport’s owners invested heavily, spending $500m to purchase central land for a state-of-the-art pit building and paddock complex.

A lucrative partnership for Nevada

That willingness to commit substantial upfront capital was crucial in convincing local authorities to back the street circuit and close down parts of the iconic casino corridor.

The grand prix has since transformed the weekend before Thanksgiving from the city’s least profitable period into one of its most lucrative annual events.

According to the racing series, the spectacle has delivered a staggering $3.2bn (£2.4bn) in cumulative economic impact since its inception, with the 2025 edition alone generating $43m in tax revenue.

Cementing a United States foothold

“We are thrilled that Formula 1 will continue racing in Las Vegas for many years to come,” said Stefano Domenicali, the sport’s president and chief executive officer.

“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.”

The long-term agreement highlights a broader push to solidify the pinnacle of motorsport’s growing popularity across North America.

Steve Hill, chief executive of the Las Vegas Convention and Visitors Authority, noted that the race has rapidly evolved into a signature global event.

“As the spotlight of the world turns to Las Vegas, the event continues to reinforce our evolution as a premier sports and entertainment destination,” he added.