Tax-funded Las Vegas Convention and Visitors Authority may buy $7M of Formula 1 tickets

Saturday, March 11, 2023 7:02 PM
Photo:  Formula One (courtesy)
  • Mick Akers, Las Vegas Review-Journal

The Las Vegas Convention and Visitors Authority is looking to purchase $7 million in tickets to the inaugural Formula One Las Vegas Grand Prix. The LVCVA Board of Directors will vote on the potential buy Tuesday during its regularly scheduled meeting.

Plans call for the tourism agency to buy $3.45 million worth of race and hospitality tickets for current and future customers.

“The 2023 event presents a one-time opportunity to bring the LVCVA’s and the destination’s largest current and potential customers to the city to experience the inaugural Las Vegas Grand Prix,” the LVCVA’s agenda back up material read.

The request also includes $750,000 in tickets for key destination partners.