How much money did Las Vegas make with the Formula 1 race? Estimated economic impact
Mistakes and mishaps in customer relations marred the return of Formula One to Las Vegas. However, despite these issues, the $500 million Sin City gamble ultimately paid off. In just under a decade, Las Vegas has transformed from a desert city known for its casinos, food, and live entertainment to a home for six minor league teams, four major league sports teams (including the MLB’s Athletics), a major sports organization in the Ultimate Fighting Champion, and four large sports venues hosting events such as NCAA tournament games, NFL Pro Bowls, and, most recently, Super Bowl LVIII. Full screen A general view during the F1 Grand Prix of Las Vegas at Las Vegas Strip Circuit on November 18, 2023, in Las Vegas, Nevada. CHRIS GRAYTHEN AFP F1 and owner Liberty Media hosted an exciting event on Saturday night, one of the season’s best races . The event was a flashy international spectacle that could only be pulled off in Las Vegas. However, the construction and preparation for the F1 race c...