Here to Stay: Formula 1 Extends Miami Grand Prix Contract Through 2041

The race secured a ten-year contract extension today.

May 2, 2025

Image: The Miami Grand Prix is here to stay through at least 2041.

The Miami Grand Prix is here to stay through at least 2041. Photo by Stian Roenning

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Miami loves Formula 1, and it would seem that Formula 1 loves it back even more. Just four years into its existence, the Miami Grand Prix has secured a 10-year extension on its original contract, meaning the race will continue to run annually until at least 2041.

South Florida Motorsports, the company that promotes the event, confirmed the news via press release this afternoon, ahead of the fourth Miami Grand Prix at Hard Rock Stadium on Sunday. The original contract called for a 10-year run for the event, meaning the move has effectively doubled F1's stint in Miami.

"Securing a 10-year extension with Formula 1 through 2041 is an extraordinary milestone," said Tom Garfinkel, managing partner of the Formula 1 Crypto.com 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."

Though F1 continues to race in Austin, Texas, and added a Las Vegas event two years ago, Miami's tropical atmosphere and party scene have made it the American flagship race. It's been an important component of F1's expansion into the United States, driven initially by the success of the Netflix documentary series Drive to Survive and now resulting in three events on U.S. soil. While initial criticisms of the event stemmed from its high ticket prices, costs have gradually come down, and the event now attracts a comparatively young, diverse crowd. The inaugural race in 2022 drew 240,000 spectators. Attendance increased to 275,000 last year, breaking the record for the highest-ever television audience for a Formula 1 race, with 3.1 million viewers.

Current F1 champion Max Verstappen of Red Bull won the first two Miami races, while Lando Norris of McLaren won last year's contest. Norris will look to defend his title this weekend against a crowded field of rivals, including McLaren teammate Oscar Piastri, George Russell of Mercedes, and Charles LeClerc of Ferrari. Another Ferrari driver, six-time world champion Lewis Hamilton, will race for the legendary team for the first time on American soil this weekend.

The 2025 Miami Grand Prix gets underway at 4 p.m. local time on Sunday, May 4, with an additional sprint race at noon on Saturday, May 3.

Formula 1 Miami Grand Prix. Friday, May 2, through Sunday, May 4, at Hard Rock Stadium, 347 Don Shula Dr., Miami Gardens; f1miamigp.com.

Douglas Markowitz has covered art and music in South Florida for nearly a decade, with stories published by Resident Advisor, the Miami Herald, the Sun Sentinel, Artburst, Burnaway, and principally the Miami New Times, where he interned in 2017. In 2023 he was named a finalist for the Knight-Esserman Journalism Award. He is a University of North Florida graduate and former culture editor at the Phoenix New Times.

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