AUSTIN, Texas -- Formula 1 will be staying in the Lone Star State for at least a few more years.
F1 confirms contract extension for U.S. Grand Prix
The United States Grand Prix will remain on the F1 calendar for at least a few more years
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Mark Schofield is a former college quarterback and attorney covering the NFL and F1.
Hours before the start of Sunday’s United States Grand Prix, F1 confirmed an extension of the current contract, which will keep the race on the calendar through the 2034 season. F1’s current contract with the United States Grand Prix was set to expire after the 2026 F1 season.
The announcement pointed to the economic boost that the United States Grand Prix has brought to Austin and the State of Texas. According to F1, “In its first decade on the calendar, the United States Grand Prix delivered US$7 billion in economic impact to Austin and Texas, with the 2023 Grand Prix alone estimated to have attracted direct and indirect expenditure of more than US$1 billion, resulting in $38 million of tax receipts for the State of Texas.”
In the announcement, F1 President and CEO Stefano Domenicali highlighted the passionate fans who descend on the Circuit of the Americas each year, as well as the energy around the track.
“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. 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,” said Domenicali.
Later today, Max Verstappen will aim to continue his Drivers’ Championship comeback effort as he starts up front in the 2025 United States Grand Prix.
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