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How Miami amassed $350 Million from F1 race in 2022

Somin Bhattacharjee
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F1 Miami Grand Prix boosted Florida city's local economy by $350 million

F1 hosted the first ever Miami Grand Prix earlier this year, which was won by Red Bull driver Max Verstappen. 

F1 is growing at a very rapid pace globally, but the US audience in particular has taken a liking to the sport. A big reason behind this has been Netflix’s blockbuster docuseries, Drive to Survive.

The US Grand Prix has been taking place in Austin since 2012 (with the exception of the 2020 season) and is one of the most popular races on the calendar. Earlier this year, a second American race in Miami was added.

To add to that, the organizers have announced that a third race in the US will take place 2023 onwards. The hugely anticipated Las Vegas Grand Prix will make it’s debut next year. This was met with some criticism from F1 fans, but there is a big reason behind them introducing these new races.

Miami had the attention of the entire sporting world during the race earlier this April. Several celebrities and sporting icons paid a visit to the city, in addition to the hundreds of thousands of fans. According to pagesix.com, the city’s local economy was boosted by $350 million.

Also read: Sebastian Vettel reveals reason why he snubbed $15 million and took retirement from F1

Max Verstappen wants Red Bull to build bigger gap to Ferrari in the remainder for F1

Verstappen is 63 points ahead of Ferrari right now in the Drivers’ Championship Standings. The Red Bull driver has been spectacular this season. However, Ferrari’s engine problems and mistakes made by Leclerc have a played a huge role in increasing this deficit.

This is why Verstappen recognizes the threat the Maranello based team poses. They are equal in terms of speed in most races, so Verstappen wants the Milton-Keynes outfit to push harder and build a bigger gap.

Its a great lead, but a lot of things can happen,” the 24-year old said. “I just want to stay focused. We need a lot more good results. We still need more one-lap pace. And I think the next race is going to be a bit more of a struggle for us, where I think Ferrari is going to be really, really quick.”

“But well see. Again, its all about scoring points every single race, even when its not your day,” he concluded.

Also read: “Forza Ferrari and Hala Madrid!”- 27-year old Carlos Sainz refuses to sign Barcelona jersey being a Real Madrid fan himself

About the author

Somin Bhattacharjee

Somin Bhattacharjee

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Basketball Editor Somin Bhattacharjee first discovered the game during the 2014 FIBA World Cup. Not long after, he turned to the NBA and found himself drawn to the Golden State Warriors — right at the start of Stephen Curry’s rise. Over time, the admiration turned into full-blown support for the team, one that continues even as the Curry era approaches its twilight. A true hoophead, Somin also follows EuroLeague basketball closely and enjoys exploring the game beyond the NBA. Though holding a bachelor's degree in marketing, Somin discovered his true calling in writing. Since 2021, he has penned over 3,000 articles for TheSportsRush, covering everything from breaking news to sharp opinion pieces and detailed exclusives. He thrives on writing about in-game moments and the reactions that make basketball a uniquely emotional sport. Beyond basketball, Somin plays different sports including soccer and remains a passionate fan of Spanish football giants Real Madrid

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