Formula 1 Extends US Grand Prix Contract at Circuit of the Americas Until 2034
The world of Formula 1 is buzzing with excitement as the series has officially announced the renewal of its contract for the United States Grand Prix at the Circuit of the Americas (COTA) in Austin, Texas. This new agreement ensures that the race will remain a fixture on the F1 calendar for another decade, solidifying COTA’s status as a cornerstone of the sport in the United States. With this extension, COTA now holds the distinction of hosting the most Formula 1 races in the country, surpassing the historic venue of Watkins Glen.
A Thriving Venue Since 2012
Since its inaugural race in 2012, Austin has quickly evolved into one of the most vibrant and exciting locations for modern Formula 1 racing. The Grand Prix has captured the hearts of fans, featuring thrilling races, record-breaking attendance, and an entertainment festival atmosphere that extends beyond the racetrack. Over recent years, the U.S. Grand Prix has attracted more than 430,000 spectators during race weekend, establishing itself as one of the premier sporting events globally.
The 5.5-kilometer circuit is renowned for its iconic uphill climb to Turn 1 and high-speed sections inspired by legendary tracks like Silverstone and Suzuka. Since its debut, six different drivers have claimed victory in Austin, with Lewis Hamilton leading the way with an impressive five wins. Most recently, in 2024, Charles Leclerc broke Max Verstappen’s streak of three consecutive victories, earning Ferrari’s first win at COTA alongside teammate Carlos Sainz.
Economic Impact of the US Grand Prix
Beyond its sporting significance, the U.S. Grand Prix represents a substantial economic phenomenon. According to Formula 1, the event has generated approximately $7 billion in economic impact throughout its first decade on the calendar, with over $1 billion generated during the 2023 edition alone. These figures highlight the Grand Prix’s role as a major driver of tourism and economic activity in Texas.
Stefano Domenicali, the president and CEO of Formula 1, expressed his enthusiasm about the growth of the U.S. Grand Prix, stating, "Since 2012, the U.S. Grand Prix has continued to gain strength and popularity. The event in Austin is a true highlight for fans, drivers, and teams, and we are grateful to the city and Travis County for their support. The efforts of Bobby Epstein and Governor Abbott have been crucial in establishing a solid home for F1 in Texas."
Celebrating Community Support
Bobby Epstein, president of COTA, celebrated the contract renewal, emphasizing the vital role of the Texas community in the success of the event. "We are thrilled that Formula 1 has found a home in Texas. Thanks to the fans, teams, and the city of Austin, the U.S. Grand Prix has become one of the greatest celebrations of global sport. With this contract, COTA will become the longest-serving circuit in F1 history in the U.S., surpassing Watkins Glen."
This renewal arrives at a time when Formula 1 is experiencing significant expansion in the American market, driven by the success of new races in Miami and Las Vegas, as well as an increasingly young and diverse fanbase. According to the Global F1 Fan Survey 2025, the United States is now home to 52 million fans, representing an 11% increase in just one year. Notably, 47% of these new fans fall within the 18 to 24 age bracket, and more than half are women.
Upcoming Race in Austin
Looking ahead, the Formula 1 series will host the 2025 U.S. Grand Prix in Austin, featuring a competitive lineup with Max Verstappen, George Russell, and Carlos Sainz leading the charge after an action-packed Sprint race. This upcoming event is highly anticipated, showcasing the continued excitement surrounding Formula 1 in the U.S.
Global Resonance of Formula 1
The global expansion of Formula 1 is also resonating in Brazil, where the television network Globo is set to resume broadcasting F1 races in 2026. With the continuation of the Interlagos circuit on the calendar, the consolidation of Austin’s contract until 2034 reinforces the trend toward a more stable, globally recognized, and economically robust Formula 1 World Championship. This growth opens up new experiences and paves the way for a broader fanbase across the American continent.
Conclusion
As the Formula 1 series continues to evolve, the renewal of the U.S. Grand Prix contract at Circuit of the Americas marks a significant milestone in the sport’s history in the United States. With a dedicated fanbase, a commitment to economic growth, and an ever-expanding presence in the American market, Formula 1 is set to thrive in the coming years.
The collaboration between the city of Austin, the state of Texas, and Formula 1 is a testament to the power of community support in bringing world-class sporting events to the region. The future looks bright for both the U.S. Grand Prix and Formula 1 as a whole, promising thrilling races, unforgettable moments, and a celebration of motorsport that captivates fans around the world.
This renewal not only emphasizes the significance of Austin as a premier racing destination but also highlights the importance of fostering a diverse and inclusive environment that welcomes fans from all walks of life. With the continued growth of the sport in the U.S., the excitement of the Grand Prix is sure to resonate for years to come.
As fans eagerly await the next race in Austin, the spirit of Formula 1 continues to thrive, creating lasting memories and fostering a sense of community among racing enthusiasts. The extension of the contract at COTA is just the beginning of what promises to be an exhilarating chapter in the history of Formula 1 in the United States.
