Key Report Reveals Huge Economic Impact of Las Vegas GP

Dash Racegear
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 A 113-page report analysing the pros and cons of hosting the Las Vegas GP in the city has been explored by Clark County officials.


Las Vegas hosted its first modern-day Grand Prix last November, with Formula 1 itself becoming the organiser and promoter for the first time as the championship organised its third race held in the United States in one season.


What were the economic highlights of the Las Vegas GP?

Last week, a mammoth report produced by various Clark County agencies was debriefed amongst officials, with the economics of the report put together by Las Vegas firm Applied Analysis.


The report stated that the Las Vegas GP produced the largest global TV audience in Las Vegas history, and made a total economic impact of $884 million.


This includes $77 million in state and local taxes, which is the highest figure ever recorded for a single event in Las Vegas

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