Las Vegas Extends F1 Contract Through 2027 Race
The F1 Grand Prix will finish a minimum of three additional yearly laps around the Las Vegas Strip. Race officials verified an extension for 2026 and 2027 in a report released by the New York Times on Saturday. They revealed the schedule for next year’s race as November 19-21, 2026.
While Clark County authorized the race to transform significant parts of the Las Vegas Strip into a private racetrack for a decade, F1’s original agreement with the Las Vegas Convention and Visitors Authority (LVCVA) was only for three years. The race this year, scheduled for November 20-25, will conclude that initial agreement.
Emily Prazer, president of the Las Vegas Grand Prix, shared the update with The Times during a media panel regarding the event's future in Montreal on Saturday.
"We’ve agreed collectively that we’re going to do a two-year extension for 2026 and ’27,” Prazer said during the panel. “We want to make sure that we’re continuing to evolve what we’re doing. But the intent is a much longer-term arrangement.
“As we all know, the race has had its challenges, but we’re coming out the other side. So we want to make sure that it continues to work for both sides.”
The major beneficiaries of the F1 races are indeed Liberty Media, the Colorado-based owner of F1, along with the luxurious casino resorts near the racetrack, including The Wynn and Venetian. That's where the majority of the $1.5 billion in revenue reported by the LVCVA is allocated.
The major casualties included the proprietors of nearly all off-Strip and downtown casinos, as well as local enterprises that report losing millions due to the disruption of their usual customer flow.
The race significantly impacts attendance at Las Vegas shows. Additionally, we must consider the casino staff, who lose work hours as construction setbacks increase their travel time two or threefold.
Even Clark County is a loser itself. Officials stated that the initial race incurred a cost of almost half a million dollars to taxpayers. While the race brought in $3.8 million in tax revenue for the county, its employees dedicated over 17,000 hours to race-related tasks. The expense totaled $4.4 million, resulting in a deficit of $463K for the taxpayers.
