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Formula 1 can be hitting the streets of the Las Vegas strip in November of 2023, and whereas we don’t know a lot about it, we’re beginning to study one huge factor: Ticket costs are going to be outrageous. Some packages may run as excessive as $100,000, Adam Stern of Sports activities Enterprise Journal reviews by way of Twitter.
That’s as a result of MGM Resorts is allegedly planning on shopping for as a lot as $25 million value of tickets for the occasion, bundling the race tickets into event-and-lodging packages that might value six figures.
That is only a preliminary report, and there aren’t many particulars but, nevertheless it’s not terribly shocking. At the Miami Grand Prix, grandstand tickets alone bumped into hundreds of {dollars}, and most attendees need to finances for journey and lodging. At Miami, I discovered that full-weekend VIP ticket packages supplied by sure South Seaside lodges could cost as much as $120,000.
We’re more likely to see these VIP-level packages gaining popularity at F1 races within the close to future, particularly in Vegas, a metropolis identified for top rollers. However it positively doesn’t bode nicely for the typical race fan, and it positively doesn’t assist to welcome new Method 1 lovers who might need been excited to attend a brand new U.S. race.