The Las Vegas Convention and Visitors Authority is set to spend $20 million to sponsor the 2026 and 2027 Formula One Las Vegas Grand Prix races.
A two-year sponsorship agreement for $10 million per year will be up for a vote at Tuesday’s LVCVA board meeting, according to the meeting’s agenda.
The deal would be an increase from the LVCVA’s initial three-year sponsorship with F1. In 2022, Las Vegas’ tourism arm agreed to spend $6.5 million per year for three years, for a total of $19.5 million.
The initial three-year contract with F1 began in 2023 and expires after this November’s race. Both sides worked over the last year on the new, shorter-term deal that will allow for continued talks ahead of extending the race beyond 2027, LVCVA President and CEO Steve Hill told the Review-Journal earlier this year.
