Formula 1 Secures Eight-Year US Grand Prix Deal Through 2034

Formula 1 has officially extended its partnership with the Circuit of the Americas (COTA) in Austin, Texas, securing the United States Grand Prix through the year 2034. This eight-year extension, announced on race day, reinforces the significance of the COTA as a primary venue for Formula 1 in the United States.

Since its inauguration in 2012, the Circuit of the Americas has been a cornerstone for Formula 1, attracting large crowds and creating a vibrant motorsport culture in the region. The event has consistently ranked among the top-attended races in the series, with attendance figures surpassing 400,000 in both 2022 and 2023.

Bobby Epstein, president of the Circuit of the Americas, expressed his gratitude for the support from fans and the broader Formula 1 community. “We’re glad Formula 1 has found a home in Texas, and are grateful to the fans, teams, and the entire F1 community who have consistently supported us and made the United States Grand Prix a favorite stop on the global calendar,” Epstein stated.

The announcement of the extension comes as this year’s race weekend drew fans from all 50 states and 60 countries. COTA stands out as the only purpose-built Formula 1 track in the U.S. and previously hosted the only Formula 1 race in the country from 2012 to 2021. The series has since expanded to include races in Miami and Las Vegas, with the Miami Grand Prix recently extended through 2041.

A unique arrangement exists between the U.S. Grand Prix and the state of Texas, allowing race officials to apply annually for tax revenue to cover Formula 1’s licensing fees. Since the race’s inception, the state has contributed over $300 million in support. According to Formula 1 officials, the economic impact of the race on Austin and the state of Texas is estimated to be around $7 billion.

Stefano Domenicali, president and CEO of Formula 1, highlighted the importance of the track in establishing a robust foundation for the sport in the U.S. “As Formula 1 continues to grow and thrive in the United States, we are proud to extend our partnership with Bobby Epstein and his outstanding team in Austin, as well as with Governor Greg Abbott, whose leadership has been instrumental in supporting the sport’s development in Texas and beyond,” Domenicali noted.

This contract extension follows a recent announcement of a five-year partnership between Formula 1 and Apple, designating the technology giant as the series’ U.S. broadcast partner starting in the next season.

As Formula 1 deepens its roots in the United States, the extended agreement with the Circuit of the Americas underscores the growing popularity and significance of motorsport in the region.