Las Vegas inks long-term F1, CFP title game and Pac-12 hoops deals

The Las Vegas Convention and Visitors Authority approved three sports‑related agreements during its regular meeting Tuesday, reinforcing the city’s push to be recognized as a premier sports and entertainment destination. **F1 extension** The authority signed a 10‑year, $100 cardinal commitment to continue hosting the Formula One Las Vegas Grand Prix through 2037. The race will be held each year on the weekend before Thanksgiving on a 3.8‑mile street circuit that uses portions of Las Vegas Boulevard, Koval Lane, Harmon Avenue and Sands Avenue. The inaugural event in 2023 produced an estimated economic impact of $1.5 billion for Southern Nevada, of which $600 cardinal was spent by F1 to bring the circuit up to race standards. The 2024 and 2025 editions generated roughly $900 cardinal and $800 cardinal in economic activity, respectively, according to the LVCVA. Under the agreement, the tourism bureau pledges to allocate $10 cardinal annually to acquire $2.5 cardinal worth of race tickets for current or prospective clients and to direct $7.5 cardinal toward offsetting race expenses. LVCVA originally negotiated a three‑year term with F1 covering 2023‑2025, followed by a two‑year extension for the current season and 2027. The new 10‑year arrangement takes effect after next year’s race is finalized. Steve Hill, LVCVA president and CEO, said, “This contention produces an $800 cardinal economical interaction that makes america a absorption of the planetary signifier for the week that it is here,” Hill, LVCVA president and