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Formula 1 confirmed on Saturday that the Las Vegas Grand Prix will remain on its schedule through at least 2027, following a collective decision by F1 officials and race organizers to extend the event. The races will occur annually on the weekend before Thanksgiving, with the intention of establishing a long-term presence in Las Vegas, given the significant revenue and local tax benefits generated.<\/p>\n
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The Las Vegas Grand Prix has secured its position on the Formula 1 calendar until at least 2027, confirming organizers’ ongoing commitment to the event.<\/p>\n
Las Vegas GP president Emily Prazer stated, “We’ve agreed collectively that we’re going to do a two-year extension for 2026 and ’27,” highlighting the intent for a longer-term arrangement.<\/p>\n
With plans extending through 2032, Clark County officials indicate the race is expected to become a permanent fixture in the F1 schedule, emphasizing incremental growth.<\/p>\n
According to estimates, the 2024 Las Vegas GP generated approximately $934 million in revenue and $45 million in taxes, underscoring its economic significance.<\/p>\n
The race is strategically scheduled for the weekend before Thanksgiving, continuing its trajectory of profitability and public interest.<\/p>\n
Steve Hill, CEO of the Las Vegas Convention and Visitors Authority, remarked, “We’re planning on this being a permanent race,” indicating optimism for future extensions and developments.<\/p>\n
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With the Las Vegas Grand Prix secured on the Formula 1 schedule through at least 2027, the event is set to solidify its status as a staple in the racing calendar, promising continued economic boosts and high-octane entertainment for years to come.<\/p>\n
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