Vegas economic impact hits $1.5 billion

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Hey friends,

Did last weeks race actually happen? Someone other than Max Verstappen won a Formula 1 Grand Prix, and it was none other than the streak killers themselves: Ferrari and the driver with no seat next year, Carlos Sainz.

As if things couldn’t get more ironic…

We’ve got a tight race at the top of the Drivers Championship going into the Japanese Grand Prix next week.

  1. Max Verstappen - 51 points

  2. Charles Leclerc - 47 points

  3. Sergio Perez - 46 points

  4. Carlos Sainz - 40 points

  5. Oscar Piastri - 28 points

In the United States, the TV numbers were to be as expected. 3% decrease, and hovering near the 600,000 mark. Can’t expect more from a midnight race where most of the world expects the winner to be determined before the lights go out.

Still, I think those numbers are strong enough. We won’t see the full strength of the F1 audience until May where we go racing in Miami and then start the European season.

Until next time 🏎️

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Las Vegas Hits the Jackpot with Grand Prix

The Clark County Debrief came out for the Las Vegas Grand Prix, and the highlights are impressive.

On November 19, 2023, Harry Reid International Airport became the US's second busiest, handling a historic Boeing 747-800 among its 2,197 operations.

The 300,000-square-foot pit and paddock building was stood up in just 18 months, adding to the $88 million invested in public infrastructure.

The payoff?

An astounding $1.5 billion in economic impact and a record-breaking $77 million in tax revenues for state and local governments was sourced to F1.

Over 17,000 staff hours ensured the event's success, setting a precedent for future high-impact events in Clark County. With nearly 2,200 jobs supported by infrastructure development and another 5,100 by event operations, the LVGP was more than a race; it was a game-changer for Vegas, proving that when it comes to hosting, Vegas is always in the fast lane.

And we’ll see an upgraded VIP experience next time we race in Vegas. Liberty Media’s recently acquired Quint Events is upping the ante for 2024.

Three-day F1 Experiences packages via Quint for the Las Vegas Grand Prix went on sale Monday and start at $1,952 for general admission tickets in the T-Mobile Sphere Zone, $4,089 for club tickets in Club Paris and $16,350 for tickets to the Paddock Club.

The most expensive package offered by F1 Experiences is the three-day F1 Garage pass that’s listed at $38,150. It includes access to the paddock, the restricted inner circle of F1 races, access to the Paddock Club rooftop at the F1 pit building, a pit lane walk, F1 legend and ambassador appearances, a guided track tour, access to various areas of the course for photo opportunities, podium access to celebrated the top three finishers.

Read the full report here.

An Experience You Won’t Want to Miss

I’m excited about this one, not just for obvious reasons, but because it’s one of those collaborations that offers an upscale experience without forgetting to pay homage to the series’ history.

The Legends Lounge | Schumacher sets out to celebrate the legend himself and his illustrious Formula One legacy. The lounge commemorates 30 years since his first championship win.

You’ll dive into an exclusive showcase featuring rare artifacts, Schumacher's iconic cars, and special guest appearances. Experience the extraordinary with behind-the-scenes insights into Michael's unparalleled career and the resilience that made him a legend.

You’ll also have the opportunity to attend "An Evening for Michael," a unique dining experience with F1 legends, sharing untold stories and auctioning precious memorabilia to benefit the Keep Fighting Foundation.

Read the official press release here.

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