The Las Vegas GP is in full swing as Formula 1 will be back in action this weekend for the penultimate race of the season. The much-awaited race in Vegas has been the talk of the town ever since it joined the calendar for the Formula 1 2023 season. There were speculations about race cancellation but to the relief of viewers no such event occurred.
The hyped up Las Vegas GP already features lavish introductions and promises lots of entertainment, including key views as a part of it’s track. However, Las Vegas GP has included a ‘massive’ attraction for fans ahead of the weekend.
Las Vegas GP to feature Vegas sphere
The Vegas GP has been one of the biggest tourist attractions recently in the Sin City, people are often surprised and pleased by the visual entertainment provided by the Vegas sphere. It goes to make the flashy and blinding aura of Vegas even more pronounced, truly giving meaning to the ‘City of Lights’.
Formula 1 has been giving it’s best to make the Las Vegas GP sensational and cause a phenomenon in USA this year, catering to the American fans. Thus, it was quite obvious that Formula 1 would let the Vegas Sphere. In a recent interview the CEO of Liberty Media made a shocking reveal.
“This year we have rented the Sphere, both inside and outside. The race will take place around the Sphere. So we are using their property. We will own all advertising on the sphere for the duration of the race.”
“We’ve built that into some contracts and we’ve also sold advertising directly to parties during the race, which will allow us to cover some of our costs. We will also organize a recovery brunch on Sunday morning in the Sphere. And we will broadcast the highlights of the race inside.”
Projected economical gain from Las Vegas GP
Although, around 10000 tickets have remained unsold in the Las Vegas GP and there is a massive outage among people regarding the pricing and discounts. Formula 1 is seemingly unaffected predicting a massive economic gain. The circuit of Vegas is a street circuit, thus it already more expensive than traditional track. The unsold tickets and gradual disinterest of fans made us think that Formula 1 would go into a loss during the Vegas GP, but it seems that things are still in favor of Formula 1.
According to reports, a predicted gain of $1.3 billion will be brought in by the Las Vegas GP. A collective amount of $360 million will be payment for the efforts of hard working employees who made the grand race possible. More than this, $100 million and even grater amount of money collected through various taxes will be distributed among people in the local community.
The Las Vegas GP promises a lot of entertainment but do you think it is justified after the recent protests of people affected the race? Tell us in the comments.
