A 40-page report released by Las Vegas details the significant economic impact of the 2023 Formula 1 race, with a total economic impact measured at $1.5 billion. The report highlights include $884 million in visitor spending and $77 million generated in additional revenue. Clark County, where Las Vegas is situated, emphasized the massive impact with $501 million in visitor spending and the Grand Prix's $88 million expenditure on public services. The event, described as a huge undertaking for Liberty Media and F1, proved to be a gamble that paid off, with financial impacts expected to grow. Discussions around the potential of hosting F1 in other cities like San Francisco have sparked, highlighting the event's success and its significant economic benefits to Las Vegas.
🇺🇸 Last November’s inaugural #LasVegasGP was an extraordinary undertaking for Liberty Media and #F1, and it worked out better than most anticipated. We've looked at the numbers to analyze the race's financial impact 💵 https://t.co/XT03UCayed
The Las Vegas GP was a huge undertaking for Liberty and #F1, and despite starter costs and unexpected incidents, overall the race was a gamble that paid off 🎲 The true success was found in the financial impact, which is only set to grow - here's why ⬇️ https://t.co/H2LzdPil4j
Wow. Huge economic benefit to Vegas from hosting F1 👀 Can you imagine F1 in San Francisco? Would be epic. https://t.co/7wiaedkUJW
F1 iS gOiNg To Be bAd FoR vEgAs 😒 A lot of people eating their words after the release of this report… https://t.co/P9VR1RNyWK
Can MotoGP grow in popularity like Formula One? Liberty Media CEO Greg Maffei breaks down how MotoGP can attract more fans to the sport, including the potential for increasing the number of races in the U.S. and other markets. $FWONK @saraeisen https://t.co/pIPdKq6CHO
Clark County (the county where Las Vegas is located) released a report detailing the massive impact of the F1 race in 2023. Here are some of the stats: - $884 million in total economic impact - $501 million in visitor spending - Grand Prix spent $88 million on public…
Las Vegas has released a 40-page report breaking down the economic impact of last year's Formula 1 race. Here are the highlights: • The total economic impact has been measured at $1.5 billion, including visitor spending of $884 million. • The race generated $77 million in… https://t.co/oLe67Sbk6V