Lights out in Las Vegas
Get ready to take your positions and rev your engines because the lights are about to go out on the Las Vegas Formula 1 Grand Prix. It’s a moment that has excited motorsport fans since the location was announced last year, despite bringing with it its fair share of controversy in the build-up.
Regardless, F1 owner Liberty Media believes the marriage between a global gambling hub and the fastest car race in the world can propel F1 into a new stratosphere of popularity. It’s certainly easy to see why, with the 6.2km course winding its way down the famous Strip, among landmarks such as the Bellagio Fountains and The Sphere.
Las Vegas casinos will rake in copious amounts of cash
During the race weekend, which will begin on Thursday and end on Sunday, Las Vegas casinos will rake in copious amounts of cash from hopeful gamblers as usual. But how much revenue will they actually generate in the time it will take the likes of Max Verstappen and Lewis Hamilton to complete the race? VegasSlotsOnline News has reviewed the data to find out, even breaking down each corner individually.
Check out our infographic to see for yourself:
The full breakdown
In the last full recorded year (2022), Las Vegas casinos made $8.3bn in total revenue. That marks a 25% increase on pre-pandemic figures in 2020 and a 17% rise from 2021. If we break those 2022 figures down, Las Vegas operators including MGM Resorts International, Caesars Entertainment, and Wynn Resorts earned a combined $23.3m on average every day, $16,181 per minute, and $269.68 per second.
Meanwhile, the Las Vegas Grand Prix is the third-longest race on the F1 calendar at 6.2km. But with speeds exceeding 212mph on some sections of the course, one lap is expected to be completed in around 98 seconds. The entire race will feature 50 hair-raising laps with the total distance reaching 310.05km and taking 80 minutes. The course has 17 corners.
13 seconds would give casinos a chance to earn $3,506
VSO News broke down the amount Las Vegas casinos would earn between each of those corners for the 50 laps. The most profitable corner is number 13, which is 13 seconds from the previous one. Casinos would earn $3,3506 in those 13 seconds and a whopping $175,292 over the entire race. The least profitable would be corners 11 and 15, just 2 seconds from the last corner and raking in $26,969 over the race for casinos.
Taking all the data into account, Las Vegas casinos will earn a staggering $1,321,432 during the race in total. That includes $26,429 per lap and an average of $77,731 between each corner. With figures like those, it’s easy to see why Las Vegas is widely considered the gambling capital of the world.
