Clark County is set to recognize the Formula One Las Vegas Grand Prix as an annual event for at least the next 10 years.
This is a big step in securing an event that is expected to generate an economic impact of around $1 billion, twice that of a Super Bowl.
When announced last November, the race was noted to be occurring for at least three years in-and-around the Strip. But F1 and area officials have been adamant since that the race would be a long-term fixture on the city’s event calendar.
“It is going to be the biggest event in the world in 2023,” said Steve Hill, Las Vegas Convention and Visitors Authority President and CEO.
