Formula 1 has announced an extension of the United States Grand Prix at the Circuit of The Americas (COTA) in Austin, Texas, through the 2034 season. This agreement underscores Formula 1’s commitment to fostering its presence in the U.S. and ensures the race’s longevity.
The Growth of Formula 1 in the U.S.
Since its introduction to the calendar in 2012, the United States Grand Prix has become a premier event in the Formula 1 circuit. It has attracted over 430,000 fans in recent years, showcasing thrilling races paired with vibrant entertainment.
Entertainment and Fan Experience
This year’s Grand Prix features the inaugural F1 Grid Gigs, with performances by local artists, including Texas-born singer-songwriter Drake Milligan. Such events enhance the experience for attendees and solidify the race weekend as a cultural highlight.
Circuit Highlights
- The Circuit of The Americas measures 5.5 kilometers.
- It is known for its iconic uphill run into Turn 1 and a high-speed section from Turns 3 to 6.
- Since 2012, the venue has produced six different winners, with Lewis Hamilton achieving five victories.
Recent Race Results
In 2024, Charles Leclerc of Ferrari earned his first win at COTA, breaking Max Verstappen’s three-year winning streak. The race resulted in a 1-2 finish for Ferrari, with Carlos Sainz following closely behind.
Economic Impact
The United States Grand Prix significantly benefits the local economy. In its first decade, it generated $7 billion in economic impact for Austin and Texas. The 2023 event alone is projected to have drawn over $1 billion in direct and indirect spending, resulting in $38 million in tax revenue for Texas.
Fan Base Expansion
- Formula 1 has an estimated 52 million fans in the U.S., marking an 11% year-on-year growth.
- Social media platforms boast over 5.5 million followers in the U.S.
- A recent survey revealed that 47% of new U.S. fans are aged 18-24, with a significant female representation.
Leadership Statements
Stefano Domenicali, President & CEO of Formula 1, expressed gratitude to Austin’s city leadership and emphasized the strategic importance of the event to the sport’s growth. Bobby Epstein, Chairman of COTA, highlighted Texas as a fitting home for Formula 1, citing the supportive community and significant economic benefits.
This partnership positions the United States Grand Prix as a staple in the global motorsport calendar, promising excitement for fans and drivers well into the future.
