• Loading stock data...
Thursday, October 30, 2025
Want a chance to win $250 and free FOS gear? Take our quick reader survey. Take the survey here

MGM to Offer F1 Las Vegas Grand Prix Packages at $100K

  • MGM Resorts is offering packages for the Formula 1 Las Vegas Grand Prix for $100,000.
  • Hotel room rates could triple for the event.
Formula-1
F1

Formula 1’s return to Las Vegas presents a huge opportunity for hotels and casinos — and MGM Resorts is betting big on the event.

A founding partner of the race along with Caesars Entertainment and Wynn Las Vegas, MGM has access to tickets for the November 2023 race.

CEO Bill Hornbuckle told investors on an earnings call earlier this month that the company plans to purchase $20 million to $25 million in tickets, then “charge as we want and package as we want.”

  • Hornbuckle said there are F1 packages that retail for $100,000.
  • Hotel rooms are expected to cost triple their normal price.

MGM has benefited from Las Vegas’ emergence as a sports destination: The company offers packages of over $3,000 per person for Las Vegas Raiders games, with price fluctuations based on the opponent.

Hornbuckle also noted that the city will host Sweet 16 and Elite Eight games in the 2023 NCAA Tournament, as well as the 2024 Super Bowl.

Bounceback Quarter

MGM took in $3.3 billion in the second quarter, a 44% year-over-year increase and just above the $3.2 billion the company earned in Q2 2019.

The company took a $71.2 million loss on its 50% share of BetMGM, its sports betting venture co-owned 50-50 with Entain. MGM expects to contribute $225 million to BetMGM this year, and is interested in owning a greater share, though Hornbuckle noted, “You can’t buy what’s not for sale.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Oct 25, 2025; Martinsville, Virginia, USA; NASCAR Cup Series driver Kyle Busch (8) before NASCAR Cup Series Xfinity 500 Practice and Qualifying at Martinsville Speedway.

NASCAR Star Kyle Busch Sues Pacific Life Over $8.5M Insurance Scam

Busch says he lost $8.58 million from Pacific Life.

The $80 Million F1 ‘Crashgate’ Case Heads to Court

Massa placed second to Lewis Hamilton in the 2008 drivers’ championship.
Verstappen

ESPN’s Final F1 Season Is Turning Into A Thriller 

F1 is averaging 1.4 million viewers on ESPN networks this year.
IndyCar driver Andretti Global's Kyle Kirkwood, left, celebrates winning the Detroit Grand Prix with team co-owner Dan Towriss in Detroit on Sunday, June 1, 2025.

Cadillac F1 CEO Dan Towriss Defends  $700 Million Apple Deal

“We’re going to have a bigger reach than what people think.”

Featured Today

September 21, 2025; Santa Clara, California, USA; NFL commissioner Roger Goodell before the game between the San Francisco 49ers and the Arizona Cardinals at Levi's Stadium

NFL Fall Meeting: 7 Big Topics Among Team Owners 

Media, facilities, and labor highlight some of the key areas of concern.
Ohio State Buckeyes running back Isaiah West (32) runs the ball in the second half at Camp Randall Stadium on Saturday, Oct. 18, 2025 in Madison, Wisconsin
October 25, 2025

NIL Has Birthed a Third-Party Cottage Industry—and It’s a Mess

There’s no limit to how much players can make from NIL deals.
Christie's
October 21, 2025

Lou Gehrig’s $4M Jersey and the Exploding Sports Memorabilia Market

An ultra-rare sports collection is about to hit the auction block.
@chef__tezz/Instagram
October 19, 2025

Inside the NFL’s Private Chef Network

Private chefs are the unsung architects of player performance.
Jul 30, 2022; Irvine, CA, USA; A general view of the official NFL balls on the field during Los Angeles Rams training camp at University of California Irvine.

Saudi Arabia Wants to Bring American Football to the Middle East

The Middle Eastern nation wants to host major football events.
Noah Lyles (USA) wins the men’s 100m final during the Paris 2024 Olympic Summer Games at Stade de France in Saint-Denis, France, Monday, Sunday, Aug. 4, 2024.
September 22, 2025

Summer Olympics Face a Climate-Induced Heat Check

The World Athletics president says the status quo is not sustainable.
Oct 6, 2024; London, United Kingdom; British and United States flags on the field at Tottenham Hotspur Stadium.
September 29, 2025

From Dublin to London: Vikings on NFL’s First Multi-Country Road Trip

The Jaguars have previously played consecutive games in the U.K.
Sponsored

How HOKA is Reimagining the NIL Relationship

TNT Sports is going all-in on college athletics—bringing fans closer and giving brands a powerful new way to connect.
Jun 13, 2018; Moscow, Russia; A general view of a beer stand inside of Luschniki Stadium one day prior to the start of the FIFA World Cup 2018.
February 12, 2025

Saudi Arabia Says No Alcohol at 2034 World Cup

Saudi Arabia won’t allow alcohol anywhere during the 2034 World Cup.
January 13, 2025

Gavin Newsom Reveals Status of 2028 Olympics As Los Angeles Wildfires Roar

Gavin Newsom says there’s a “Marshall Plan” to rebuild Los Angeles.
Paralympics Tiktok
August 25, 2024

The Wildly Successful Paralympics TikTok Account Isn’t What You Think

A cheeky TikTok account is opening the world of Paralympic sports.
August 11, 2024

Passing of the Torch: Los Angeles Set for Olympic Firsts in 2028

The city last hosted the Summer Olympics in 1984.