Austin's US Grand Prix Secures New F1 Deal Until 2034

Austin's Circuit of the Americas (COTA) has inked an eight-year contract extension with Formula 1, ensuring the United States Grand Prix remains a fixture on the calendar until the 2034 season. This agreement solidifies COTA's long-term future in F1, building on its success since reviving the US Grand Prix in 2012.

Why it matters:

• The extension reflects F1's continued growth and investment in the United States, particularly following the 'Drive to Survive' effect which has seen fan engagement and attendance figures soar.
• Securing a cornerstone venue like COTA provides stability for F1's expanding presence in the crucial American market, complementing new races in Miami and Las Vegas.
• It cements COTA's legacy, making it the longest-serving Formula 1 track in the United States, surpassing Watkins Glen.

The Details:

• Contract Terms: The new agreement extends COTA's hosting rights for the US Grand Prix until the 2034 season, adding eight years to its previous deal.
• Growth in Popularity: COTA has seen a dramatic increase in attendance, with a record 450,000 fans attending this year's event, showcasing F1's rising appeal in the US.
• Statements from Leadership:
  • F1 CEO Stefano Domenicali highlighted the unwavering commitment of COTA chairman Bobby Epstein and Governor Abbott in supporting F1's development in Texas.
  • Epstein expressed gratitude to fans, teams, and the Central Texas community, emphasizing the Grand Prix's status as one of the world's biggest single-weekend sporting events with significant economic impact.
• US Race Landscape: Epstein views the three US races (Austin, Miami, Las Vegas) as 'friendly rivals,' each with a distinct identity and appealing to different audiences.
  • He believes Miami's spring slot allows for two US F1 visits per year, mutually benefiting the races.
  • The unique appeal of each venue ensures they are 'self-sustaining' rather than competing directly.
• Infrastructure Investment: COTA has continuously invested in its facilities, including a new hotel, convention center, and theme park. Future plans under the new deal include expanding paddock club facilities and pit garages to accommodate potential new teams like Cadillac in 2026.

What's next:

With the new contract in place, COTA is poised for further development and will continue to be a vital hub for Formula 1 in North America. The expansion of facilities will enhance the fan experience and prepare the circuit for future evolutions of the sport, including accommodating an 11th team. This long-term commitment underscores the confidence F1 has in the US market and COTA's role in its continued success.