• Loading stock data...
Monday, January 27, 2025

Vegas GP Expected to Generate $1.3B, Double Super Bowl’s Impact

  • An analysis found that the Las Vegas Grand Prix will bring $1.3 billion in spending.
  • The same firm projected the 2024 Super Bowl’s impact at $600 million.
Formula-1-Las-Vegas
F1 Las Vegas Grand Prix

Formula 1’s Las Vegas Grand Prix will have more than double the economic impact of the Super Bowl, according to a recent analysis.

The F1 race weekend, slated for Nov. 16-18, is estimated to bring $1.3 billion in spending to the city, according to Applied Analysis.

  • That sum includes a projected $966 million in visitor spending and $316 million in event operations and support.
  • F1 is constructing a permanent four-story, 300,000-square-foot paddock building off the Vegas Strip.
  • Organizers are expecting around 100,000 attendees each day of the event, which culminates in a rare Saturday Grand Prix on Nov. 18.

Applied Analysis conducted a similar projection for the 2024 Super Bowl, which will also be held in Las Vegas, and found that the game and associated events would bring a $600 million economic impact to the city.

More for Miami

Meanwhile, organizers of the Miami Grand Prix announced that they had increased the event’s grandstand capacity by 3,000 to meet demand, bringing it to 56,000. Team paddock areas will be located on the Miami Dolphins field, with the track circling Hard Rock Stadium. 

The race will be offering “campus pass” general admission tickets that will allow broad access around race areas.

The first Miami Grand Prix in May 2022 drew over 240,000 people to the city.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Rays Stadium Deal in Trouble: Owner Raises Concerns Over Funding Delays

The MLB club still has concerns about an agreed-to stadium deal.

Howie Roseman’s Salary-Cap Magic Turned Eagles Into a Juggernaut

Philadelphia’s big offseason signings include Saquon Barkley and Zack Baun.
Nov 20, 2023; Kansas City, Missouri, USA; Kansas City Chiefs quarterback Patrick Mahomes (15) calls the play in the huddle during the second half against the Philadelphia Eagles at GEHA Field at Arrowhead Stadium.

NFL’s Best Bargain? Patrick Mahomes Leading Chiefs’ Dynasty Quest

He’s not one of the 10 highest-paid quarterbacks in the NFL.

Super Bowl Ticket Prices Drop: Is Chiefs Fatigue a Factor?

Get-in pricing trails each of the past two years.

Featured Today

PWHL arena

PWHL’s Sophomore Year Booms in Canada, Has Room to Grow in U.S.

Attendance is up 30% from last year, the league says.
January 24, 2025

Once Abandoned, Portland Is Regaining Its Place in the WNBA

The next WNBA team is springing up in a once-deserted market.
October 17, 2011; East Rutherford, NJ, USA; New York Jets fan fireman Ed during the first half against the Miami Dolphins at the New Meadowlands Stadium.
January 24, 2025

Superfandom Is a Lifestyle, Business—and Thorn in Some Teams’ Sides

Rabid fandom has perks—sometimes to the frustration of teams and leagues.
Jeremiah Smith
January 22, 2025

Ohio State’s Title Isn’t As Simple As $20 Million in NIL

Three lessons from the Buckeyes’ title beyond “pay the best players.”
January 26, 2025

TGL, Not LIV vs. PGA Tour, the Talk of PGA Show Ahead..

The new golf league from Tiger Woods continues to generate buzz—good and bad.
January 26, 2025

NFL Responds to Mahomes Penalty Debate With Replay Expansion

The league added replay assist in 2021.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Adam Silver
January 24, 2025

Adam Silver on NBA Three-Point Gripes: ‘I’m Listening to the Critics’

The commissioner said he’s listening to fans’ concerns with physicality and shooting.
Jan 17, 2025; Miami, FL, USA; Brittney Sykes (20) of the Rose drives to the basket against Rae Burrell (12) of the Vinyl during the first half of the Unrivaled women’s professional 3v3 basketball league at Wayfair Arena.
January 24, 2025

Unrivaled Was a ‘No-Brainer’ for Investors

“I love the business model,” investor David Levy tells FOS.
January 23, 2025

Adam Silver on Potential NBA League in Europe: ‘Still on the Table’

Silver said the NBA is exploring an independent league in Europe.
January 23, 2025

Can New CEOs at LIV Golf, PGA of America Heal Golf’s Divide?

Leaders at two golf majors entities are having conversations.