F1 Doubles Down on U.S. With Record-Setting Miami GP Extension

McLaren driver Oscar Piastri won the Miami Grand Prix on Sunday, which was the fourth edition of the race that is now the longest contracted event on the Formula One calendar.

As F1 descended upon South Florida for the first of three races in the U.S. this season, a 10-year extension with the Miami GP was announced, which will keep the grand prix on the F1 calendar through at least 2041. F1’s race in Melbourne, Australia, has the next-longest contract, through 2037.

The Miami GP is owned and operated by South Florida Motorsports, which is one part of the professional sports empire of Stephen Ross, who also owns the Dolphins, Hard Rock Stadium, and Miami Open tennis tournament. In December, Ross sold 10% of those assets to private equity firm Arctos and 3% to Nets owner Joe Tsai.

Final TV ratings and on-site attendance numbers for this year’s Miami GP were not available Sunday evening, but the 2024 edition broke records on both fronts, drawing an audience of 3.1 million viewers on ABC and 275,000 fans to the track across the three-day event.

American Mindset

When F1 returns Stateside for the U.S. Grand Prix in Austin in October, the sport may have a new U.S. media rights deal, as negotiations with various potential partners continue. ESPN’s contract expires following the 2025 season.

After Texas, F1 will head back to Las Vegas in November for the third edition of its new race in Sin City.