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.