The F1 weekend was described as a major economic boost for Las Vegas, which has faced a mild tourism dip this year due to notably weaker international visitation.
The event brought around 150,000 additional visitors to the region, pushing Strip hotel occupancy above 98% and completely booking properties near key viewing zones such as the Bellagio Fountain Club owned by MGM Resorts International (MGM). Despite significant disruptions due to road closures and infrastructure build-out, casino executives from MGM (MGM), Wynn Resorts (WYNN), and Caesars Entertainment (CZR) cited the F1 race as a needed injection for Las Vegas during what’s usually a slow weekend on the calendar. Anecdotal reports also indicated strong traffic at high-limit table games over the weekend.
Notably, the Las Vegas Grand Prix smashed the record as the most bet-on F1 event in BetMGM’s (MGM) (OTCPK:GMVHF) history. The sports betting operator noted that the Las Vegas Grand Prix had 20% more tickets and 51% more handle than the 2024 Las Vegas Grand Prix (the previous F1 betting record holder). In addition, Saturday’s race had over 3X as many tickets and over 4X as much handle as the average 2025 F1 race. DraftKings (DKNG) and FanDuel (FLUT) are also expected to have seen a boost.
As for the race, Max Verstappen claimed his second Las Vegas Grand Prix win ahead of championship leader Lando Norris. Controversy erupted later when Norris was later disqualified by stewards, along with McLaren teammate Oscar Piastri, for illegal plank wear.
Formula 1 is operated and commercially managed by the Formula One Group (FWONA) (FWONK), a subsidiary of Liberty Media Corporation, which has owned the championship since 2017.