Las Vegas is advocating for a long-term agreement with F1.

      "Thus, the more we can allocate towards infrastructure."

      Formula 1 and Las Vegas representatives are in discussions regarding a significant contract extension that could keep the race on the Strip until 2032 or potentially even 2037, despite ongoing concerns about costs, disruptions, and weak ticket sales.

      Local reports indicate that the negotiations are focused on a renewal of either five or ten years, which would enable F1 to justify larger investments in infrastructure following two years characterized by high ticket prices, extended street closures, and adverse feedback from local businesses.

      "We recognize the inconvenience," stated Las Vegas GP president Emily Prazer in an interview with the Review-Journal. "From the start, the challenge has been managing a short-term contract that makes substantial capital investment difficult. The longer the contract we can secure, the more we can put into infrastructure to enhance the overall experience."

      Prazer mentioned that the build process each year has become quicker and that long-term certainty—especially regarding lighting—would alleviate pressure on the city.

      As fans moved to place last-minute bets in advance of the hectic race weekend, many sought bookmakers with quick withdrawals to cash out swiftly amidst the unpredictable battle for the F1 title.

      In a separate conversation with the Las Vegas Sun, Prazer noted that officials expect approximately 100,000 attendees daily this week, with growing interest from Mexico, Canada, and Europe. She believes the race can contribute to boosting the city’s struggling international tourism sector.

      "If you’re aiming for destination marketing to revive international tourism to Las Vegas, we believe we are in a prime position to aid in that," she remarked.

      So far this year, Las Vegas has seen 2.5 million fewer visitors, with international arrivals dropping by over 13 percent. However, Prazer pointed out that ticket sales during race week have not decreased, with several tiers already sold out and demand "significantly outpacing" last year’s figures.

      Local tourism experts warn that the impact of F1 will be temporary but recognize the surge in U.S. fan interest driven by Netflix.