Formula 1 is reportedly closer to bringing a race to Las Vegas and a deal could be announced anytime in the next six months.
According to a report in Sports Business Journal, the two sides are in advanced discussions, and Formula 1 aims to have a race in Sin City by next year.
Between 1981 and 1984, F1 held the Caesars Palace Grand Prix in Las Vegas, which took place in the hotel’s parking lot. A new track would reportedly incorporate the strip, specifically around the Bellagio casino’s fountains.
Adding to the Austin Grand Prix, F1 has already extended its U.S. footprint this year with a 10-year-deal for the Miami Grand Prix. The race will “generate millions of dollars,” according to Miami Gardens mayor Rodney Harris.
F1 also announced a seven-year extension for the Singapore Grand Prix on Jan. 27 and a 10-year deal with Qatar last year.
Race For More Sports
The report comes as Las Vegas continues to expand its reach in pro and college sports.
- In the last five years, Vegas has added the NHL’s Golden Knights, the NFL’s Raiders, the WNBA’s Aces, and an NLL team to its roster.
- The city is slated to host the 2022 NFL Pro Bowl, the 2022 NHL All-Star Game, the 2022 NFL Draft, Super Bowl LVIII in 2024, and the 2026 College Football Playoff National Championship.
Las Vegas is also in exclusive negotiations to host Major League Soccer’s 30th team and is favored for both an NBA expansion team and possibly the Oakland A’s relocation.
