Formula 1 to race in Miami until 2041 as new extension agreed

Formula 1 has announced that the Miami Grand Prix will remain on the calendar through 2041, following a 10-year extension to its existing agreement with the promoter South Florida Motorsports – a new deal that will make Miami the longest contracted event on the F1 calendar.

Since joining Formula 1 in 2022, the Miami Grand Prix has established itself as one of the most desirable sporting events in the world, attracting fans from across the USA and around the globe with a perfect combination of thrilling racing on track and incredible entertainment off it.

The race has made a significant impact on the local economy and community, generating more than US$1 billion in economic impact across its first three years. The race organisers have also established internship programmes, worked with local charities, and promoted home-grown businesses each year to ensure that the legacy of the race is felt in the local area.

South Florida Motorsports was named 2024 Formula 1 Promoter of the Year in recognition of its outstanding delivery of the Grand Prix and continuous commitment to delivering an incredible sporting and entertainment event for fans.

Stefano Domenicali, President and CEO of Formula 1, said: “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.

“Extending this agreement until 2041 is a strategic milestone of enormous importance, which strengthens our presence in America and consolidates the ever-deepening bond with our fan base there, which is constantly growing and passionate like never before.