How Much Do US Races Pay to Host F1?
Austin pays Formula 1 a hosting fee that’s reported at about $30m a year, and the state of Texas covers a large part of it. Miami’s fee has never been published, while Las Vegas pays nothing because F1 runs that race itself.
We’ve taken each figure from public records, media reports and our F1 track guides, and we’ve compared the three US races with every other race on the 2026 calendar.
Key Takeaways
Austin’s fee is reported at about $30m a year, and Texas paid $30.6m toward the 2021 race
Miami’s fee has never been published, and its deal is reported to share revenue with F1
Las Vegas pays no fee because F1 runs the race itself
Reported fees on the 2026 calendar range from about $20m in Monaco to $65m in Saudi Arabia
F1 has never confirmed the hosting fee for any of its three American races
What Are F1 Hosting Fees?
An F1 hosting fee is what a race promoter pays Formula 1 each year for the right to stage a Grand Prix, and it’s sometimes called a sanctioning fee. The promoter keeps the money from tickets and some local sponsorship, while F1 keeps the TV rights and most of the trackside advertising.
This means the fee is usually the promoter’s biggest cost alongside building and running the circuit. Most contracts also raise it every year, and Forbes reported in 2015 that older deals went up by around 10% a year.
Hungary’s deal is one of the few ever made public, because the government set it out in a 2020 decree. The fee started at $45.04m in 2021 and rises by 4% every year after that.
Race promotion made up 26.7% of F1’s $3.87bn revenue in 2025 according to Liberty Media, which is a little over $1bn. That total covers every promoter’s fee, and it also includes the ticket and hospitality income F1 books from Las Vegas.
Sources
- Why The Cut In Texas F1 Funding Could Play Into Race Track Owner’s Hands by Forbes.com: how hosting fees work and the yearly rise in older contracts
- Hungaroring by F1Salaries.com: our track guide, with the 2020 government decree that sets the fee and its 4% yearly rise
- Liberty Media Corporation Reports Fourth Quarter and Year End 2025 Financial Results by SEC.gov: F1 revenue of $3.873bn in 2025, with race promotion at 26.7% of it
A Breakdown of US F1 Hosting Fees
F1 has never confirmed the hosting fee for any of its three American races, because each contract is private and each race is set up in a different way. Here’s what each US race pays and who covers the cost:
| Race | Yearly Fee | Who Pays | Signed Until |
| Austin | Around $30m | COTA, with help from Texas | 2034 |
| Miami | Not Published | South Florida Motorsports | 2041 |
| Las Vegas | No Fee | F1 runs the race itself | 2037 |
Austin
The Circuit of the Americas at the 2025 United States Grand Prix. Credit: formula1.com
Austin’s fee is reported at about $30m a year, which is the figure the Associated Press gave in 2019 and RacingNews365 and Speedcafe used in 2023 and 2024. The Austin American-Statesman reported a $35m rights fee for 2021 from state records, and the fee was reported at $23m-25m when the race began in 2012.
The Circuit of the Americas pays the fee as a private promoter, but Texas covers a large share of it. In May 2010 the state comptroller wrote to Bernie Ecclestone committing up to $25m a year for 10 years from the Major Events Trust Fund.
Today the money comes through the governor’s Major Events Reimbursement Program, which refunds the extra tax the race is expected to raise. The program adds $6.25 for every $1 of local money, and the state’s post-event reports show what it paid toward each race:
- 2013: $25m from the state out of a $29m fund
- 2015: $19.6m after the governor’s office changed its formula
- 2017: $23.4m from the state
- 2018: Nothing, because COTA filed a required human-trafficking prevention plan late
- 2019: $23.1m out of a $26.8m fund
- 2021: $30.6m out of a $35.5m fund
The Associated Press put the total public money at more than $150m from 2012 to 2019, and Texas hasn’t published reports for the 2022-2025 races. F1, COTA and Travis County agreed in October 2025 to keep the race in Austin until 2034, although no fee or other financial terms were disclosed.
Travis County’s endorsement lets the organizers keep applying for state money, and our guide to how much money F1 brings to Austin looks at what Texas gets back for it.
Sources
- F1 remains confident in US Grand Prix future in Texas by CBSAustin.com: Associated Press report of a $30m fee and more than $150m of public money from 2012 to 2019
- How much Formula 1 circuits are paying to host 2023 Grands Prix by RacingNews365.com: the $30m estimate for Austin in 2023
- F1 race fees reveal bargain Australian GP by Speedcafe.com: the $30m estimate for Austin in 2024
- F1 and COTA agree new contract for U.S. Grand Prix through 2026 by Statesman.com: the $35m rights fee for 2021 from state records
- F1, Take One by TexasMonthly.com: the $23m fee reported when the race began
- Formula One Back in Play by AustinChronicle.com: the $25m fee reported when the race began
- Watson Criticizes Combs’ Tax Subsidy Programs by TexasTribune.org: the May 2010 letter committing up to $25m a year for 10 years
- Event Trust Funds Program by Gov.Texas.gov: how the Major Events Reimbursement Program works
- Report on the 2019 Formula 1 United States Grand Prix by Gov.Texas.gov: the state’s $23.1m share of a $26.8m fund
- Report on the 2021 Formula 1 United States Grand Prix by Gov.Texas.gov: the state’s $30.6m share of a $35.5m fund
- Paperwork Could Cost Circuit Of The Americas $20 Million For Last Year’s F1 Race by KUT.org: the 2018 payment lost over the late human-trafficking plan
- Formula 1 announces extension of the United States Grand Prix through 2034 by Formula1.com: the extension to 2034
- New deal secures long-term future of Formula 1 event in Austin by CommunityImpact.com: Travis County’s endorsement and the undisclosed terms
Miami
Charles Leclerc and Max Verstappen at the 2024 Miami Grand Prix. Credit: formula1.com
Miami’s hosting fee has never been published, and the race may not pay one in the usual way. When the deal was agreed in 2019, Autosport described a model in which the promoter shared revenue and risk with F1 in place of a guaranteed fee.
RacingNews365’s 2023 table listed Miami as a collaboration with F1 covering part of the cost, and Speedcafe’s 2024 estimates left Miami blank.
The race is privately funded by South Florida Motorsports, which is owned by Miami Dolphins owner Stephen Ross, and it runs around his Hard Rock Stadium in Miami Gardens. In May 2025 Miami signed a 10-year extension to 2041, which F1 says is the longest contract on the calendar.
F1 says the race brought more than $1bn of economic impact to South Florida in its first three years, and the 2024 race drew a record 275,000 fans. Both figures come from the sport and its promoter, and our Miami Grand Prix ticket prices page shows what fans pay to get in.
Sources
- Miami International Autodrome by F1Salaries.com: our track guide, with Autosport’s description of the revenue-sharing model and Speedcafe’s blank estimate
- How much each circuit on the calendar pays to Formula 1 by RacingNews365.com: Miami listed as a collaboration with F1 covering part of the cost
- Formula 1 to race in Miami until 2041 as new extension agreed by Formula1.com: the extension to 2041, more than $1bn in economic impact and the 275,000 crowd in 2024
Las Vegas
Carlos Sainz on the Las Vegas Strip Circuit in 2025. Credit: formula1.com
Las Vegas pays no hosting fee because it’s the only Grand Prix that Formula 1 promotes itself. Liberty Media books the race’s ticket, hospitality and sponsorship income and pays all of its costs, so there’s no separate promoter to charge a fee.
Liberty Media’s own figures put F1’s spending on the race at about $640m, and these are the biggest costs that have been reported:
- Land: $240m for about 39 acres off the Strip, which F1 bought in 2022 for a permanent pit and paddock building
- Paddock and Track: Close to $400m of spending on the paddock building and track work, according to Liberty Media in 2023
- Road Repaving: $80m to repave the public roads the circuit uses
Public money still reaches the race through the Las Vegas Convention and Visitors Authority, which pays F1 $10m a year in sponsorship for 2026 and 2027. The authority approved another $100m in July 2026 to cover the 2028-2037 races, and Clark County has never asked F1 to pay for the public roads the circuit runs on.
Liberty doesn’t publish the race’s revenue or profit separately, but it said weaker ticket and hospitality sales in Las Vegas hurt its late-2024 results. It cut ticket prices for 2025, and our Las Vegas Grand Prix ticket prices page shows where they stand now.
A 10-year extension announced in June 2026 keeps the race on the calendar until 2037, so F1 has committed to promoting it for at least another decade.
Sources
- Las Vegas Strip Circuit by F1Salaries.com: our track guide, with F1 as promoter, the $80m repaving and the public roads
- Liberty Media makes Las Vegas land purchase for F1 race by PlanetF1.com: the $240m land purchase
- Why construction cost of F1’s Las Vegas Grand Prix has risen to $400m by ConstructionBriefing.com: Liberty Media putting its spending close to $400m
- Las Vegas Grand Prix extended through 2027 via $20M LVCVA sponsorship deal by ReviewJournal.com: the tourism authority’s sponsorship for 2026 and 2027
- LVCVA approves $100M sponsorship deal for Las Vegas Grand Prix through 2037 by FOX5Vegas.com: the $10m a year deal for 2026 and 2027 and the $100m approved for 2028-2037
- Liberty Media Corporation Reports Fourth Quarter and Year End 2024 Financial Results by LibertyMedia.com: weaker Las Vegas ticket and hospitality sales in late 2024
- F1 Las Vegas Grand Prix ticket prices by BlackBookMotorsport.com: the ticket price cuts for 2025
- Formula 1 to race in Las Vegas for another 10 years by ESPN.com: the June 2026 extension to 2037
Ticket Prices
Compare ticket prices for every race on the 2026 calendar
The US Compared to Other Countries
Austin’s reported $30m fee sits in the bottom half of the races with a published estimate, level with Mexico City and well below the Gulf races at the top. Here’s what each F1 race is reported to pay to host, with the three US races in red:
What Each F1 Race Pays to Host
All F1 tracks →Each race's yearly hosting fee in US dollars comes from its track page, and most are media reports or estimates because F1 and the promoters rarely publish them.
Saudi Arabia tops the list at an estimated $65m, although both it and Bahrain had their 2026 races canceled because of the war in the Middle East. Azerbaijan, Qatar and Hungary all pay $50m or more, while Monaco is reported to pay the least at about $20m a year.
Hungary’s figure is the only one built on published terms, because its decree set the 2021 fee at $45.04m and adds 4% each year. That works out at about $54.79m in 2026, while every other bar is a media report or an estimate that’s likely to have risen since.
Sources
- Jeddah Corniche Circuit by F1Salaries.com: our track guide, with PlanetF1’s $65m estimate and the canceled 2026 race
- Circuit de Monaco by F1Salaries.com: our track guide, with Bloomberg’s report of a $20m fee
- Hungaroring by F1Salaries.com: our track guide, with the decree and our 2026 calculation
- Formula 1 teams need decision on whether final races will go ahead by mid-October by RaceFans.net: the war in Iran forcing the cancellation of the Bahrain and Saudi Arabian races
Driver Salaries
See what all 22 F1 drivers earn in 2026
Frequently Asked Questions
How much does it cost to host an F1 race?
Reported hosting fees on the 2026 calendar range from about $20m a year for Monaco to around $65m for Saudi Arabia, and most races pay $25m-55m. That’s only the fee paid to Formula 1, because the promoter also has to build or upgrade the circuit and pay to run the race weekend.
Does Las Vegas pay to host F1?
No, Las Vegas doesn’t pay a hosting fee because Formula 1 promotes the race itself and keeps the ticket, hospitality and sponsorship income. The Las Vegas Convention and Visitors Authority pays F1 $10m a year in sponsorship instead, and it approved another $100m in July 2026 for the 2028-2037 races.
How much does Austin pay to host F1?
The Circuit of the Americas is reported to pay about $30m a year to host the United States Grand Prix, although F1 has never confirmed it. Texas reimburses a large part of the fee through its Major Events Reimbursement Program, and it paid $30.6m toward the 2021 race.
Who pays for the Miami Grand Prix?
The Miami Grand Prix is paid for privately by South Florida Motorsports, which is owned by Miami Dolphins owner Stephen Ross, and no public body covers a fee. Its fee has never been published, and reports describe a deal that shares revenue and risk with Formula 1.
Which F1 race pays the highest hosting fee?
Saudi Arabia is estimated to pay the highest fee at about $65m a year, ahead of Azerbaijan and Qatar at around $55m each. Hungary is close behind at about $54.79m in 2026, and its figure stands out because it comes from a published government decree.
Sources
- Jeddah Corniche Circuit by F1Salaries.com: our track guide, with the $65m estimate
- Baku City Circuit by F1Salaries.com: our track guide, with the $55m fee reported by BlackBook Motorsport
- Lusail International Circuit by F1Salaries.com: our track guide, with Qatar’s fee of about $55m
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Insider · Issue 23
01 · The Last Race
Singapore by Salary
Pos
Driver
Pts
Salary
1
Max Verstappen
Red Bull
25
$70m
2
Charles Leclerc
Ferrari
18
$34m
3
Kimi Antonelli
Mercedes
15
$3.4m
4
Lando Norris
McLaren
12
$30m
5
Oscar Piastri
McLaren
10
$13m
6
Insider+
7
Insider+
Our Take · Insider+
What Each Point Now Costs Red Bull