F1 Secures Eight-Year Extension for US Grand Prix at COTA Until 2034
Formula 1 has secured its presence at the Circuit of the Americas (COTA) in Austin, Texas, with an eight-year contract extension set to last until 2034. Since its inauguration in 2012, COTA has been a significant venue for the U.S. Grand Prix, attracting high attendance rates and becoming a staple in the F1 calendar.
Key Facts About the U.S. Grand Prix Extension
- Contract Duration: Eight-year extension until 2034
- Location: Circuit of the Americas, Austin, Texas
- Initial Opening: 2012
- Attendance: Over 400,000 fans in both 2022 and 2023
- Economic Impact: Approximately $7 billion for Austin and Texas since the race began
- State Support: Over $300 million in state funding since 2012
A Statement from Officials
Bobby Epstein, president of COTA, expressed gratitude to the fans, teams, and the F1 community for their unwavering support. He stated that the U.S. Grand Prix has become a beloved part of the global calendar.
Event Statistics
This year’s race weekend drew fans from all 50 states and over 60 countries, highlighting the event’s international appeal. The Circuit of the Americas is not only the only purpose-built F1 track in the U.S. but also served as the sole host of the series from 2012 to 2021, before expanding to include races in Miami and Las Vegas.
Future Prospects and Partnerships
Stefano Domenicali, CEO of Formula 1, emphasized the importance of the COTA track in establishing a strong foundation for F1 in the United States. He also acknowledged the significant support from Texas Governor Greg Abbott, which has been vital for the sport’s growth.
In addition, the recent announcement of a five-year partnership with Apple as the U.S. broadcast partner further underscores Formula 1’s commitment to expanding its reach and influence in the American market.
The renewal of the U.S. Grand Prix contract fortifies Formula 1’s dedication to the Texas venue, ensuring that fans will continue to enjoy thrilling racing actions for years to come.
