Wednesday December 6, 2023

Formula 1 Las Vegas Ticket Prices Falling From Great Heights

  • In the last two months, average list prices for a three-day ticket to the event have dropped 28% to $3,091 on the secondary market.
  • Some wealthy fans have already paid exorbitant sums.
Mercedes-AMG Petronas driver George Russell drives in front of race fans during the Formula One Las Vegas Grand Prix Launch Party at Las Vegas Strip.
Ray Acevedo-USA TODAY Sports
Copy Link
Link Copied
Link Copied

The high-roller lifestyle would always make the Formula 1 Las Vegas Grand Prix an expensive endeavor — but the demand didn’t match the supply in the week leading up to the big race.

In the last two months, average list prices for a three-day ticket to the event have dropped 28% to $3,091 on the secondary market, according to data provided to Front Office Sports from ticket aggregator TicketIQ

Average prices for one-day passes on Thursday (-36%, $431), Friday (-27%, $843), and Saturday (-33%, $1,701) have also seen significant decreases. 

The minimum prices to attend the highly anticipated event are falling, too. According to data provided to FOS by ticket marketplace TickPick, the “get-in” price is down an average of 63% across all three days since the cheapest tickets were sold a month ago.

Since tickets went on sale in 2022, TickPick says the cheapest Saturday tickets have fallen from $1,622 to $772 (-52%), Friday from $1,085 to $235 (-78%), and Thursday from $919 to $128 (-86%). 

Granted, these prices are coming down from ridiculous heights, even by F1 standards — and some wealthy fans have already paid exorbitant sums. 

TickPick notes that its most expensive purchase was for two Paddock Club passes for $13,315 each. TicketIQ says the priciest Saturday ticket on the market will cost $28,528, while the steepest three-day pass will cost $30,680.

It started on the primary market, where the Las Vegas Grand Prix had by far the most expensive average three-day ticket price ($1,667), per ESPN and Formula Addict.

And then there are the packages being offered by Las Vegas resorts. Last November, Wynn Las Vegas announced a $1 million package for the weekend; not to be outdone, Caesars Entertainment began offering a $5 million package.

Copy Link
Link Copied
Link Copied

What to Read

NLL Seals Las Vegas

Meaningful NBA Games Finally Hit Las Vegas. Expect More

End of NBA In-Season Tournament is latest major event to hit sports boomtown.

In-Season NBA Tourney Upshot: Success. But Will It Change?

The inaugural edition of the tournament has been mostly a success.

NHL Plans To Stage 2024 Draft At $2.3B Vegas Sphere

League becomes first sports entity to stage an event entire at venue.
Oakland Athletics center fielder Esteury Ruiz (1) tosses the ball to left fielder Brett Rooker (25) after making an out against the Atlanta Braves during the ninth inning at Oakland-Alameda County Coliseum.

Where Will the A’s Play After Next Year? It’s Getting Complicated

Roster development, RSN money further cloud an already-complex decision.
podcast thumbnail mobile
Front Office Sports Today

NCAA Opens Door to Athlete Compensation


Featured Today

The College Football Playoff is considering rotating TV networks for the national championship game.

CFP Considers Super Bowl-Like Rotation For National Championship Game

Multiple networks could share rights to the championship game, sources told FOS.
Brett Favre
November 27, 2023

Favre Welfare Case Hold-Up? "AG’s Office Has Not Expressed Interest In Pursuing"

The DOJ interviewed Brett Favre in early 2020.
The future of the Pac-12 rests on a court decision.
November 24, 2023

The Pac-12 Plays Its Final Regular-Season Game. Then A Court Decides Its Fate.

The conference's future rests with a court decision.
Lane Kiffin
November 9, 2023

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Multiple Locations
Multiple Locations
Creative Artists Agency
Multiple Locations

The Most Talked-about Part of the NBA Tourney? Look Down

Floors generate widespread rebuke for both design and safety.
December 5, 2023

NHL's Projected Record Salary Cap Reflects Revenue Surge (and Resilience)

Increased media revenue, rising attendance fuel post-pandemic recovery.
December 5, 2023

Baseball Extends Celebration of Negro Leagues With HOF Tribute Game

New event dovetails with planned MLB game at historic Rickwood Field.

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
December 3, 2023

In Light of More Player Defection Talk, PGA Tour Pens Optimistic Memo

Players on policy board look to convey sense of calm, optimism.
December 3, 2023

MLB Clubs Brace for Record Player Spending As Winter Meetings Kick Off

Expected record-level contract for Ohtani set to highlight offseason activity.
Dallas Mavericks guard Luka Doncic looks to move the ball past Houston Rockets forward Jabari Smith Jr. during the second quarter at the American Airlines Center.
December 1, 2023

The NBA Has Autumn Relevance Thanks To In-Season Tournament

The league set a new attendance record in the month of November.
A Bundesliga camera operator during a match
November 30, 2023

DFL Will See At Least Three Bids For $1B Bundesliga Media Stake

Investment plan to keep up with European rivals takes key step forward.