Formula 1 Extends Miami Grand Prix Contract Until 2041

Formula 1 has extended its contract with the Miami Grand Prix through 2041, marking the longest commitment for any race on the F1 calendar and underscoring the sport's growing popularity in the United States. The event, held at the Miami International Autodrome, has quickly become a prominent fixture since its 2022 debut, attracting large crowds, celebrities, and significant economic benefits to the region, with a reported $1 billion impact over three years. F1 CEO Stefano Domenicali emphasized Miami's pivotal role in the sport's U.S. expansion strategy, calling it one of the 'pillars' for future growth alongside Austin and Las Vegas. Tom Garfinkel, managing partner of the Miami Grand Prix, highlighted the importance of robust partnerships and private investment in achieving this milestone. Organizers plan to reinvest in the event to enhance its appeal and maintain its status as a premier sporting occasion. The extension reflects Formula 1's ongoing efforts to solidify its presence and fan base in North America.