F1’s willingness to invest its own money in Las Vegas was a key factor in convincing the city to back the event, and to allow it to run down the Strip in front of the famous casino hotels.
The event has proved a major success for Las Vegas, turning what had been its least profitable weekend of the year, the one before Thanksgiving, into one of its most lucrative.
A statement from F1 said that since 2023 the grand prix had delivered $3.2bn (£2.4bn) in cumulative economic impact for Las Vegas, with the 2025 race alone generating $43m ($32m) in tax revenue for the city.
Steve Hill, the president and CEO of the Las Vegas Convention and Visitors Authority, said: “Extending our partnership with Formula 1 for the next decade is a major moment for both Las Vegas and the grand prix.
“In just three years, the race has become a signature global event – putting Las Vegas at the centre of culture, competition and entertainment during race week.
“As the spotlight of the world turns to Las Vegas, the event continues to reinforce our evolution as a premier sports and entertainment destination.”