Formula 1 is "feeling very comfortable" about the Las Vegas Grand Prix's future despite entering the final year of its initial contract, according to new president Emily Prazer, who has taken over from CEO Renee Wilm.

The event is currently undergoing a renewal process with stakeholders, and organizers are confident about establishing long-term relationships with casinos and the Las Vegas Convention and Visitors Authority (LVCVA). Prazer emphasizes that the race has proven its operational success and ability to deliver, with continual improvements from year one to year two.

For 2025, the Las Vegas GP announces reduced ticket prices to increase fan accessibility:

• Single-day tickets starting at $50
• Three-day passes from $400
• New grandstands added at Turn 3
• Public ticket sales begin April 9

The Las Vegas Grand Prix company is now fully integrated into F1, streamlining operations and decision-making processes. Prazer, who reports directly to F1 CEO Stefano Domenicali, notes that the United States remains F1's biggest growth opportunity across sponsorship, licensing, and commercial revenue.

The Vegas race has served as a testing ground for F1's broader initiatives, including the successful F1 75 Live production. The event's operational achievements and innovations are being incorporated into F1's global business strategy, demonstrating the race's significance beyond its local impact.

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