US Grand Prix has delivered US$7bn in economic impact over its first decade2023 event generated US$1bn in direct and indirect expenditure
Formula One has confirmed the United States Grand Prix will remain on its schedule until the 2034 season.
The Circuit of The Americas (COTA) will continue to host the event for the duration of the deal, which will take its time on the calendar to 23 years.
“Since 2012 the United States Grand Prix has continued to grow in strength and popularity, and I want to thank the City of Austin and Travis County for hosting us,” said Stefano Domenicali, president and chief executive of Formula One.
“Each year, the event at the Circuit of The Americas stands out as a true highlight for fans, drivers, and teams alike, drawing hundreds of thousands of passionate supporters who come to witness the thrilling on-track action and soak up the vibrant energy of the circuit and the city.
“As Formula One continues to grow and thrive in the United States, we are proud to extend our partnership with Bobby Epstein and his outstanding team in Austin, as well as with governor Abbott, whose leadership has been instrumental in supporting the sport’s development in Texas and beyond.
“Both have shown unwavering commitment to F1, and their shared vision and investment have played a vital role in establishing the strong foundation we now enjoy in the US.”
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Formula One has had a significant impact on the local economy, delivering US$7 billion in economic impact to Austin and Texas during its first decade on the calendar.
The 2023 United States Grand Prix alone was estimated to have attracted direct and indirect expenditure of more than US$1 billion, resulting in US$38 million of tax receipts for the state of Texas.
“We’re glad Formula One has found a home in Texas, and are grateful to the fans, teams, and the entire F1 community who have consistently supported us and made the United States Grand Prix a favourite stop on the global calendar,” said COTA chairman Bobby Epstein.
“Equally, we’re proud of – and appreciate – the people of Central Texas who have been such welcoming hosts. With this contract, COTA will overtake Watkins Glen as the longest serving Formula One track in the United States.
“Thanks to the great support and a wonderful host city, the United States Grand Prix has grown to be one of the world’s biggest single weekend sporting events – with an unrivalled annual economic impact.”
The US Grand Prix is now one of three races on the Formula One calendar alongside events in Las Vegas and Miami.
The extension with COTA comes as Formula One continues to experience fan growth in the US, where it now claims a fanbase of around 52 million people, an 11 per cent year-on-year increase.
A fan survey conducted by Formula One this season found that 47 per cent of new US fans – those who have been following the sport for five years or fewer – are aged between 18 and 24, while over half are female.
Formula One also recently confirmed its long-rumoured broadcast deal with Apple, which is worth a reported US$750 million across five years.
Apple TV+ will air every practice and qualification, sprint race, and Grand Prix from the 2026 Formula One World Championship at no additional cost to subscribers, who will also gain access to F1 TV Premium.