Formula 1 announced Friday a 10-year extension of the Miami Grand Prix that will ensure the event remains on the calendar through 2041.
“From our perspective, this allows us to affirm that this event has come to stay for a long time,” said Tom Garfinkel, managing partner of the Miami Grand Prix. “Securing a 10-year extension with Formula 1 through 2041 is an extraordinary milestone for everyone at South Florida Motorsports and a true testament to the hard work of our team, the strength of our partnerships, the support of our community, and the growth of the sport in the United States.”
The race debuted in 2022 as the second F1 race in the United States on the calendar. Sunday’s race will be the fourth of what was originally a 10-year contract between Miami promoters and F1.
Currently, three F1 races are held in the United States each year. Las Vegas joined the calendar in 2023, and F1 also has a stop at the Circuit of the Americas in Austin, Texas.
F1 President Stefano Domenicali Highlighted Miami’s Vital Role for the Series’ Portfolio as It Continues to Grow Dramatically in the U.S.
“In just three years, the Miami Grand Prix has established itself as one of the most important and spectacular events on our calendar, an extraordinary example of quality and vision that truly represents the spirit and ambition of Formula 1 in the United States,” Domenicali said. “Extending this agreement through 2041 is a strategic milestone of enormous importance, strengthening our presence in the Americas and solidifying the ever-deepening bond with our fanbase, which continues to grow and shows unprecedented passion.”
The Miami extension comes two days after F1 announced a three-year extension with Mexico City. The difference, however, is that Mexico City is in the final year of its current contract.
The Miami race has been promoted as a key event in F1’s focus on growth in North America, as well as for its impact on South Florida. The Miami Grand Prix has generated over $1 billion in economic impact in its first three editions.
South Florida Motorsports, the official promoter, has established internship programs, collaborated with local charities, and promoted local businesses each year to strengthen the relationship with the community around the grand prix.
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Promoters say a record 275,000 spectators attended three days of activities last year, and the race drew F1’s largest-ever U.S. television audience, with 3.1 million viewers.
The Miami Grand Prix is held around the Hard Rock Stadium in Miami Gardens, home of the Miami Dolphins, the ATP and WTA Miami Open, and seven matches of next year’s soccer World Cup.
Image: Wflx
