Formula 1’s Las Vegas Grand Prix could have greater than double the financial influence of the Super Bowl, in accordance with a latest evaluation.
The F1 race weekend, slated for Nov. 16-18, is estimated to carry $1.3 billion in spending to town, in accordance with Applied Analysis.
- That sum features a projected $966 million in customer spending and $316 million in occasion operations and assist.
- F1 is setting up a everlasting four-story, 300,000-square-foot paddock constructing off the Vegas Strip.
- Organizers predict round 100,000 attendees every day of the occasion, which culminates in a uncommon Saturday Grand Prix on Nov. 18.
Applied Analysis carried out an identical projection for the 2024 Super Bowl, which will even be held in Las Vegas, and located that the sport and related occasions would carry a $600 million financial influence to town.
More for Miami
Meanwhile, organizers of the Miami Grand Prix introduced that that they had elevated the occasion’s grandstand capability by 3,000 to fulfill demand, bringing it to 56,000. Team paddock areas can be situated on the Miami Dolphins subject, with the monitor circling Hard Rock Stadium.
The race can be providing “campus pass” normal admission tickets that can permit broad entry round race areas.
The first Miami Grand Prix in May 2022 drew over 240,000 individuals to town.
Read the unique article on FrontOfficeSports.com.
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Source web site: www.marketwatch.com
