The Las Vegas Grand Prix has secured $20 million worth of sponsorship across its 2026 and 2027 events.<\/p>\n
The investment was approved by the Las Vegas Convention and Visitors Authority board, which unanimously approved $10 million in spending for each event.<\/p>\n
Fresh commitment for Las Vegas Grand Prix<\/p>\n
The new deal follows on from an initial $6.5 million annual commitment that expires following this year\u2019s event.<\/p>\n
\u201cWe\u2019re thrilled with the Las Vegas Convention and Visitors Authority\u2019s action today, officially approving our continued partnership with the destination,\u201d said Emily Prazer, president and CEO of Las Vegas Grand Prix.<\/p>\n
\u201cThe strong relationships we\u2019ve built with the tourism and business communities have made it possible for us to present one of the most exciting and anticipated races on the Formula 1 calendar. We look forward to working together for many years to come.\u201d<\/p>\n
The Las Vegas Grand Prix is in the final year of its current contract, with a new deal yet to be formally announced.<\/p>\n
Despite that, it is listed on the F1 2026 calendar and is expected to remain a feature of the schedule well beyond as Liberty Media \u2013 owner of Formula One Management and F1\u2019s commercial rights \u2013 seeks a return on a $600 million investment to create the event.<\/p>\n
Speaking over the Canadian Grand Prix weekend, Prazer stated that discussions were underway regarding a new two-year deal, a timeframe that matches the LVCVA\u2019s announced sponsorship commitment.<\/p>\n
However, such an extension would still leave the event among the shortest contracted races on the calendar.<\/p>\n
More on the Las Vegas Grand Prix<\/p>\n
\ud83d\udc49 Key questions remain amid Las Vegas GP future uncertainty<\/a><\/p>\n