Formula 1 Extends Miami Grand Prix Through 2041
The Miami Grand Prix will be part of the Formula 1 schedule through 2041. (Miami GP photo)
MIAMI — South Florida Motorsports, the promoter of the Formula 1 Miami Grand Prix, confirmed Friday that the race will remain on the F-1 calendar through 2041.
A new 10-year extension to its original agreement was reached, making the Miami Gardens event the longest contracted race in F-1 and reflecting the continued success of the event, as well as the sport’s growth in the United States.
Miami first hosted an F-1 race in 2022, entering the calendar with an initial 10-year agreement. The new extension brings Miami’s F-1 commitment to 20 years in total, showing the race’s status as one of the premier sporting events in the world.
Blending motorsport, culture, music and lifestyle in an iconic setting around Hard Rock Stadium – the legendary home of the Miami Dolphins – the event has delivered an unmatched experience for fans, partners, drivers, and teams.
Held at the custom-built Miami International Autodrome, the race attracted numerous fans and some of the biggest names in global entertainment and sports. South Florida Motorsports was named Formula 1 Promoter of the Year last year, recognizing its delivery of the event and commitment to fan experience.
“Securing a 10-year extension with Formula 1 through 2041 is an extraordinary milestone for all of us at South Florida Motorsports and a true testament to the hard work of our team, the strength of our partnerships, the support of our community and the growth of the sport in the United States,” said Tom Garfinkel, Managing Partner of the Miami Grand Prix. “To have been granted this extension after only our third event speaks to what we have felt from the very beginning – the Miami Grand Prix is here to stay.
“I want to thank Stefano Domenicali and Formula 1 for believing in our vision, as well as Stephen Ross for his investment and commitment to growing this event. From day one, our goal has been to create a world-class race that also reflects the spirit of Miami — vibrant, inclusive and culturally significant. This long-term commitment allows us to continue innovating, investing in the fan experience and deepening our impact across South Florida.”
Stefano Domenicali, the president and CEO of F-1, added his enthusiasm for the added Miami extension.
“In just three years, the Miami Grand Prix has established itself as one of the most important and spectacular events on our calendar, an extraordinary example of quality and vision that truly represents the spirit and ambition of Formula 1 in the United States,” said Domenicali. “Extending this agreement until 2041 is a strategic milestone of enormous importance, which strengthens our presence in America and consolidates the ever-deepening bond with our fan base there, which is constantly growing and passionate like never before. Miami is not only an extraordinary city, but also a truly global sporting hub, energetic, dynamic and culturally vibrant.
“All this would not have been possible without the far-sighted vision and tireless commitment of Stephen Ross and Tom Garfinkel, to whom I extend my sincere gratitude for the leadership, support and dedication with which they have helped transform the Miami Grand Prix into a world-class event.”
The inaugural Miami Grand Prix in 2022 drew more than 240,000 spectators and featured a memorable battle between Max Verstappen and Charles Leclerc, with Verstappen reigning victorious.
The 2023 race built on that momentum, including a second-straight Verstappen win, this time from ninth on the grid; a new permanent Paddock Club; the introduction of the team village at the heart of Hard Rock Stadium; expanded fan zones; and elevated hospitality offerings.
Last year’s Miami crowd set an event record, with 275,000 race-goers across the weekend watching McLaren’s Lando Norris earn his first F-1 victory in impressive fashion.
The F-1 field returns to Miami this weekend with Norris’ McLaren teammate, Australian Oscar Piastri, leading the driver’s championship on the strength of three wins in the first five races.
U.S. broadcast coverage of the F-1 Crypto.com Miami Grand Prix is slated for Sunday, May 4 at 4 p.m. ET, live on ESPN.
