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Las Vegas Grand Prix 2023: The Neon-lit Formula One Night Race Revolutionizing the Las Vegas Economy

Updated: Jul 27, 2023

In the heart of the night, when the neon lights blaze brightest, Las Vegas - the city that never slumbers - will host a spectacle like none other. Yes, the pulsating cityscape will vibrate to the roar of the world's fastest cars as Formula One unveils its first Saturday race since 1985, right here on the Las Vegas Strip. It's the 2023 Las Vegas Grand Prix, a race to remember​​.


A Neon-lit Spectacle of Speed


Picture this. The world's fastest machines, hurtling along a 14-turn, 3.8-mile track, reaching speeds of 212 mph. And all this beneath the mesmerizing neon lights of Las Vegas, with the race starting at an unheard-of 10 p.m. PST. Now that's a night race experience that promises to be etched in memory​​.



Powering Las Vegas' Economy: The F1 Effect


Numbers speak louder than words, they say. So, here's one: $1.3 billion. That's the estimated economic impact of the inaugural Formula One Las Vegas Grand Prix 2023. The breakdown? $966 million from visitor spending and $316 million from event operations and support costs. Now imagine the city abuzz with 100,000 attendees daily, all here for the Grand Prix​​.


And here's the kicker. This F1 race is set to outpace the Super Bowl's economic impact by more than double. And unlike the one-time Super Bowl, the F1 race is here to stay, promising an annual economic adrenaline rush for Las Vegas​.


Oh, and let's not forget the jobs. Over 7,700 of them, with salaries and wages touching $361 million. The F1 race isn't just about speed, it's about fueling livelihoods too​​.



The Race to Prep The City


But every race has its hurdles. And for Las Vegas, it's all about getting the infrastructure ready. Transforming city streets into a race circuit isn't an easy task, but nothing's too tough for Vegas. The work begins in April, over seven months of meticulous planning and execution to ensure minimal disruption​​.


And yes, it'll cost money. $80 million, to be precise. But the discussions are ongoing, and the city's resilience will surely find a way​​.


The Paddock Site: The Heartbeat of the Race


And then there's the paddock site, a bustling hub of race activity, rapidly taking shape on 39 acres of land owned by Liberty Media. It's got everything. The start/finish line, driver pits, VIP areas, grandstands. An investment of $500 million to create a world-class racing hub​​.



Luxury Suites: A Premier Formula One Experience


Imagine watching the world's fastest cars zooming past you while you're comfortably seated in a luxurious hospitality suite, right at the heart of the action. Our premium hospitality suites offer not just prime viewing experience, but also a host of exclusive perks that elevate your Grand Prix experience to a whole new level.

From gourmet food and beverage services, carefully curated by renowned chefs, to exclusive meet-and-greets with racing legends, we've got it all covered. And let's not forget the panoramic views of the race track, allowing you to soak in every thrilling moment of the race. It's not just about witnessing the race; it's about immersing yourself in the grandeur of the event, about experiencing the Las Vegas Grand Prix in all its glory.


Final Lap


So, as the countdown to November 2023 continues, Las Vegas readies itself for a spectacle of speed, a carnival of racing delight. With the city's economy set to surge and jobs on the line, the inaugural Formula One race isn't just about the thrill of racing. It's about the spirit of Las Vegas, a city that's always ready for the next big thing.


Your Turn to Join the Race


Are you a brand planning to rev up the Formula One events with your presence? Perhaps you need help with your brand activation, setting up your hospitality suite, or arranging a standout event. Fear not, because we're here to assist. With our extensive experience in event management and our understanding of the Las Vegas Grand Prix, we can help steer your brand to pole position.


Don't just be a spectator at the Grand Prix. Make your brand a part of the action, a part of the history. Reach out to us today, and let's get your brand ready to race!

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