The Miami Grand Prix has secured its place on the Formula 1 calendar until 2041, thanks to a decade-long extension of the current agreement. Formula 1 announced this news before this year’s race. The deal marks a significant milestone for the sport in the United States.
Stefano Domenicali, Formula 1’s CEO, hailed the extension as a strategic move that strengthens the sport’s presence in America. He emphasized the growing fan base and its enthusiasm. The Miami Grand Prix has been part of the Formula 1 calendar since 2022. Max Verstappen won the inaugural race.
Economic Impact
The Miami Grand Prix has generated over $1 billion in economic impact for the city in its first three years. This figure highlights the event’s significance beyond the racing community. With the new agreement, Miami now boasts one of the longest contracts on the Formula 1 calendar. The Australian Grand Prix holds the record, with a contract that runs until 2037.
Some key points about the Miami Grand Prix include:
- Part of the Formula 1 calendar since 2022
- Max Verstappen won the first race
- Generated over $1 billion in economic impact
- Contract extended until 2041