F1 race in Las Vegas confirmed until at least 2027

• LVCVA to increase annual sponsorship spend from US$6.5m to US$10m
• Initial deal between F1 and Vegas expires after this year’s race

Formula One will race in Las Vegas until at least 2027 after the Las Vegas Convention and Visitors Authority (LVCVA) agreed to extend its sponsorship agreement. 

The Las Vegas Grand Prix debuted in 2023 to much fanfare under an initial three-year contract and saw Liberty Media, Formula One’s parent company, reportedly spend over US$500 million in setup costs for the first year alone. A long-term extension for the race was widely expected.

When Formula One announced its 2026 calendar, the series confirmed the race would return to Las Vegas after the current contract expires this year, though the length of the new deal remained unclear.

At the Canadian Grand Prix in June, it was revealed that a two-year extension had been agreed for Vegas. Steve Hill, chief executive and president of the LVCVA, said at the time that this should not be interpreted as a limit on the event’s long-term future.

“The length of extensions don’t really reflect anything other than it just makes sense incrementally, we know what’s going to happen over the next couple of years,” he said.

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As part of this extension, as reported by the Las Vegas Review Journal (LVRJ), the LVCVA has voted unanimously to spend US$10 million per year to sponsor the next two races, up from the US$6.5 million per season for the first three years of its deal.

“We’re thrilled with the Las Vegas Convention and Visitors Authority’s action today, officially approving our continued partnership with the destination,” said Emily Prazer, president and chief executive of Las Vegas Grand Prix.

“The strong relationships we’ve built with the tourism and business communities have made it possible for us to present one of the most exciting and anticipated races on the Formula One calendar. We look forward to working together for many years to come.”

Formula One has already established a Grand Prix Plaza in Las Vegas, cementing a year-round presence in the city for fans. The inaugural race alone generated an estimated economic impact of US$1.5 billion, making it the largest sporting event in Las Vegas’ history and the one with the biggest global audience – effectively ensuring that the event’s future was never in doubt.