Las Vegas is set to hold its first-ever F1 Grand Prix later this year, in what promises to be one of the most glamorous and memorable race weekends in a long time. Being one of the most anticipated races on the calendar, the ticket prices for the Las Vegas GP were always high, but recent reports state that a ticket was sold for $1 million.
According to Sky Germany, a fan bought a ticket for the race weekend in Vegas that costs $1 million! Considering the fact that the $500 tickets in the stand itself were considered expensive, this figure is mind-blowing for the general public.
Spending a million dollars to experience a race weekend should include things other than watching the race itself. However, this exclusive deal wasn’t introduced by F1, but by the Wynn Las Vegas, one of the city’s most famous hotels. But what does this $1 million ticket have in store for fans?
What does the Las Vegas GP $1 million ticket include?
According to Team-BHP, the $1 million ticket can admit six people to be a part of the experience. It offers access to several VIP events that take place throughout the weekend, and luxuries, that the other fans won’t have.
The six people will also get collections of F1 Activations, access the Wynn Grid club which is inside the paddock, entry into the kickoff party, and also to a red carpet viewing. The hotel itself will host several F1-related activities and events throughout the weekend, and the people who buy this ticket can be a part of that, firsthand.
Aside from F1, they will also get to spend four nights in one of their most luxurious rooms, in addition to getting a chauffeur service, to and from the Las Vegas International Airport.
After news about this $1 million ticket being sold surfaced on social media, plenty of fans began to wonder what it would include. A Twitter user going by the name Ajteasy posted a breakdown of what the Wynn is offering as a part of this ultra-expensive package.
Part1 pic.twitter.com/pPPpTZbWOr
— Ajmteasy (@alex_jrmt) May 5, 2023
$500 million revenue expected from Las Vegas Grand Prix weekend
The organizers have invested heavily into making sure that the Las Vegas GP lives up to its expected hype. So far, the investment amounts have gone in the range of hundreds of millions of dollars, with $240 million put in to acquire land.
Did you know that F1 is spending $240 million on pits and paddock alone to make the Las Vegas GP a reality? 💰
Here’s the reason behind the purchase 👇
#F1 #Formula1 #LasVegas #Motorsport pic.twitter.com/FcGDumW7Wv— Motorsport.com (@Motorsport) May 17, 2022
However, F1 and the stakeholders are confident that not only will the recover the money spent, but they will also make a profit out of it. The CEO of Liberty Media, Greg Maffei, revealed that the race will bring in about $500 million, as reported by Business F1.
In terms of total profit, Maffei and the organizers feel that it will break into the top five in the very first year.
