Formula One has cemented its presence in Miami through 2041, following a 10-year contract extension announced on Friday. The deal builds on the original agreement that began with the inaugural Miami Grand Prix in 2022, marking the longest race commitment in the sport’s history.
Expanding the U.S. Footprint
As the first of three American races on the 2025 calendar—alongside Austin and Las Vegas—Miami plays a key role in F1’s growth strategy in the United States. Formula One CEO Stefano Domenicali described the extension as a major step forward.
“In this moment of an incredible period of growth of Formula One, we want to make sure that we stay tuned and work together with the best partner that we have,” Domenicali said. “Miami will be part of our bigger strategy to be even stronger in the United States of America. This is a place where it is crucial to be.”
U.S. Market Gains Momentum
Driven by the success of the Netflix series Drive to Survive, F1 has seen its popularity surge in the U.S. With a Brad Pitt-led film titled F1 set to premiere soon, the sport’s cultural integration continues to grow. Red Bull team principal Christian Horner called the Miami deal “an insane amount of time,” but acknowledged its potential.
“Formula One really struggled in America a few years ago. Now we’re here with three grands prix and Miami is one of the best,” he said. “With that amount of longevity maybe they can invest a little bit in the track as well.”
More Than Just Racing
Tom Garfinkel, the event promoter, believes the long-term agreement will help cultivate a passionate fan base.
“This has a huge impact, both financially on South Florida but also locally here in the Miami Gardens community,” he said.