Las Vegas Grand Prix remains on Formula One calendar until 2037

Las Vegas will remain on the Formula One calendar until at least 2037 after a new 10-year contract extension was agreed by all parties on Thursday.

The race was designed to be held at the iconic Nevada city strip at speeds over 200mph (320kph) and first took place in 2023, with the other two tracks on the US F1 calendar being Austin and Miami.

Formula One World Championship chief Stefano Domenicali said the Las Vegas race will stay long-term, calling it a key global event for racing and entertainment.

"We are thrilled that Formula One will continue racing in Las Vegas for many years to come," said the Liberty Media-owned sport's chief executive Domenicali in a statement ahead of the weekend's Monaco Grand Prix.

"Since its debut in 2023, the event has been extraordinary, rapidly establishing itself as a premier destination for great racing, world-class entertainment, global business leaders, A-list celebrities and influencers."

"We always believed that Las Vegas would become a cornerstone of our presence in the United States and this extension, together with the success of recent years, reinforces our long-term commitment to this important market."

Formula One said the grand prix had delivered $3.2 billion in cumulative economic impact for Southern Nevada since its debut, with all three races to date sold out.

Las Vegas Grand Prix president and CEO Emily Prazer said the 10-year extension to 2037 marks a major milestone for the Las Vegas Grand Prix.

"Securing a 10-year extension through 2037 is a defining moment for the Las Vegas Grand Prix and a reflection of the strength of our local partnerships," Prazer said.