Dave Green

Las Vegas has released a 40-page report breaking down the economic impact of last year's Formula 1 race. Here are the highlights: • The total economic impact has been measured at $1.5 billion, including visitor spending of $884 million. • The race generated $77 million in tax revenue — more than any other event in Las Vegas history. • F1 spent $88 million on public infrastructure improvements (not including land acquisition, etc.). • Race visitors spent 3.6x more than the typical Las Vegas traveler, staying 4.1 nights and spending over $4,100 on average. • Local workers earned $52 million in wages • The event created 7,300 jobs, including 2,200 for race-related construction projects and 5,100 for event operations. • The Las Vegas Airport was the second busiest airport in the country the day after the race, with 2,200 operations. Clark County says it was the largest sporting event, with the largest global audience, in Las Vegas history. Safe to say F1 will be back for the foreseeable future!