LAS VEGAS (KLAS) — Racing followers who’re ready for ticket costs to plunge within the days earlier than this 12 months’s F1 Las Vegas Grand Prix is perhaps in for a shock. They’re already at costs most followers can in all probability afford.
“Do not expect to see prices going down because this will not happen,” Stefano Domenicali, Formulation One president and CEO, mentioned Wednesday. “In the past, it has been the last couple of weeks, dropping pricing. What we have done this year is exactly the opposite.”
F1 officers mentioned the technique is not the identical this 12 months, the third operating of the Las Vegas race. They don’t have any intention of slashing costs to fill the seats. Ticket costs had been restructured going into the race’s third 12 months, with extra choices for lower-priced basic admission out there. Normal admission is out there beginning at $140, and grandstand seats begin at $150. Discover the choices at https://www.f1lasvegasgp.com/tickets/.
The high-priced choices — just like the Bellagio Fountain Membership and different prime seating included in big-dollar packages — have been profitable within the race’s first years, and they’re nonetheless on the market. Domenicali mentioned the emphasis is totally different this 12 months as F1 seems to be to construct a long-term relationship with Las Vegas. He mentioned the neighborhood is embracing the race this 12 months. “We have seen a big shift on the community perspective on what the Vegas Race represents for them,” he mentioned.
“With a couple of weeks to go, we are pleased to say we are on track with our ticket sales targets,” Domenicali mentioned through the third-quarter earnings name for Liberty Media, the company proprietor of F1. “We have a full week of programming across Las Vegas kicking off on Wednesday and culminating on Saturday night with a very special two-hour pre-race show and post-race entertainment.”
The race is Saturday, Nov. 22, at 8 p.m., an earlier begin this 12 months for the one nighttime race on the F1 circuit. Apply classes start late Thursday afternoon, and qualifying is Friday at 8 p.m. F1 Academy, the all-female collection, additionally has occasions Thursday via Saturday. See the total schedule right here.
McLaren drivers Lando Norris (357 factors, 6 wins) and Oscar Piastri (356 factors, 7 wins) are on the prime of the drivers standings, with Crimson Bull’s Max Verstappen (321 factors, 5 wins) in third. George Russell, the Mercedes driver who received final 12 months in Las Vegas, is a distant fourth. The McLaren workforce has already locked up the Constructors’ Championship.
“Nine drivers from seven different teams have stood on the podium, highlighting our depth of talent in one of the most competitive seasons of recent time,” Domenicali mentioned.
The earnings name was a possibility for questions on F1’s take care of Apple, which begins in 2026 and is price $160 million a 12 months. It breaks F1’s eight-year relationship with ESPN for the rights to broadcast U.S. races.
Apple and F1 labored collectively on “F1 The Movie,” which had grossed almost $630 million when the five-year deal was signed. F1 officers consider it is a relationship that may add to the game’s progress. Domenicali famous the necessity for F1 to be “socially relevant,” one thing it has been constructing on the again of the Netflix TV collection, “Formula 1: Drive to Survive.”
New contracts signed within the third quarter will prolong races around the globe:
Azerbaijan via 2030
Monaco via 2035
Austin, Texas, via 2034
When the race renewed its Las Vegas contract, it was prolonged two years via 2027.
On the monetary aspect, F1’s income was down as a result of there have been solely six races within the third quarter. There have been seven in 2024’s third quarter. F1 income was $861 million within the third quarter in comparison with $869 million final 12 months.
12 months-to-date income figures for “total motorsport revenue” confirmed 9% progress in comparison with final 12 months, with 17 races final 12 months in comparison with 18 this 12 months.
