Las Vegas reports record F1 revenue: 'Seemed like New Year's Eve'

The Las Vegas Grand Prix provided the necessary spectacle on Saturday night (local time) but also lamented the chaos on the first day of the event, as well as the sky-high ticket and hotel prices. The 305,000 fans who attended, according to Formula 1, are all thousands of dollars poorer. Las Vegas resorts, on the other hand, are jubilant about the past weekend.

The Las Vegas Review Journal did a tour of the gambling city's biggest hotels and casinos, and they were unanimous. Although the official figures will not be released until mid-December, they all tell us that this was the best weekend ever in Las Vegas financially. On the contrary, the week before Thanksgiving was always known as the week with the least turnover. The resorts say they cannot wait before they get to welcome Formula 1 back.

“The upside of this I thought was clear from the beginning, and that’s what we experienced over the last number of days,” Las Vegas Convention and Visitors Authority President and CEO Steve Hill said. “It’s going to be a record weekend for Las Vegas from an economic standpoint. It’s going to generate a lot of tax revenue and properties around the circuit did exceptionally well.”

Registration tickets for 2024 are already underway

Andrew Lanzino, vice president of MGM Resorts, said the company posted record revenues. “I think, regardless of where the properties were located, whether it was near the track or not, performed as if it was New Year’s Eve,” Lanzino said.

Meanwhile, pre-registration for entry tickets for '24 has started. Fans hoping to attend the race can deposit $250 as a deposit with the Grand Prix organisers. They will be given priority once the real ticket sales start. If they still fail to secure a ticket, they will lose their deposit.