Formula 1 has confirmed a ten-year extension to the Miami Grand Prix, securing its place on the calendar through to 2041. The new agreement with promoter South Florida Motorsports makes Miami the longest-contracted event in F1 history, surpassing Bahrain’s current deal which runs until 2036.
The history of the Miami Grand Prix
Before Miami joined the F1 calendar, Florida had hosted just one Grand Prix. That race took place at Sebring in 1959. Formula 1 revealed the initial deal for the Miami Grand Prix in April 2021, setting its debut for 2022 with a contract lasting until 2031. Now, ahead of the event’s fourth edition, the sport has extended the agreement by a further decade.
Held around the iconic Hard Rock Stadium in Miami Gardens – the home of the NFL’s Miami Dolphins and a venue for major sporting events including the ATP and WTA Miami Open and seven matches at the upcoming 2026 FIFA World Cup – the 5.41km street circuit features 19 corners and three long straights. Drivers reach estimated top speeds of 320km/h, offering high-speed spectacle in a unique setting.
Despite criticism from some quarters, the Miami Grand Prix has enjoyed strong backing from domestic fans. In 2024, the event attracted a record-breaking 275,000 spectators over the weekend, alongside an impressive 3.1 million viewers tuning in on US television. As a result, the Grand Prix has delivered a substantial boost to Florida’s economy, generating more than US$1 billion in local economic impact over its first three editions.
However, the influence of the Miami Grand Prix has extended well beyond Formula 1 and even motorsport. Off the track, event organisers South Florida Motorsports—named Formula 1’s Promoter of the Year in 2024—have actively contributed to Miami’s development. Through internship programmes, collaborations with local charities, and support for home-grown businesses, they have worked to ensure the race leaves a lasting and meaningful legacy within the community.
Extension of Miami Grand Prix “a strategic milestone”
F1 President and CEO Stefano Domenicali praised the Miami Grand Prix’s rapid rise and importance on the calender, deeming a representation of F1’s ambitions in the United States.
“In just three years, the Miami Grand Prix has established itself as one of the most important and spectacular events on our calendar, an extraordinary example of quality and vision that truly represents the spirit and ambition of Formula 1 in the United States.”
He highlighted the significance of the contract extension for the sport’s long-term growth inthe United States, and among the American fanbase.
“Extending this agreement until 2041 is a strategic milestone of enormous importance, which strengthens our presence in America and consolidates the ever-deepening bond with our fan base there, which is constantly growing and passionate like never before.”
Domenicali also commended the leadership behind the event, crediting its success to the dedication of those who brought the Grand Prix to life:
“Miami is not only an extraordinary city, but also a truly global sporting hub, energetic, dynamic and culturally vibrant. All this would not have been possible without the far-sighted vision and tireless commitment of Stephen Ross and Tom Garfinkel, to whom I extend my sincere gratitude for the leadership, support and dedication with which they have helped transform the Miami Grand Prix into a world-class event.”
South Florida Management “to keep innovating” as Miami Grand Prix grows
Managing Director of the Miami Grand Prix, Tom Garfinkel, echoed Domenicali’s praise and underlined the significance of the long-term deal. He described the extension as a validation of the team’s efforts and the event’s rapid success since its debut in 2022.
“Securing a 10-year extension with Formula 1 through 2041 is an extraordinary milestone for all of us at South Florida Motorsports and a true testament to the hard work of our team, the strength of our partnerships, the support of our community and the growth of the sport in the United States. 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.
He also took the opportunity to express gratitude to Formula 1 leadership and emphasised the race’s cultural relevance. Garfinkel reaffirmed his commitment to innovation and to ensuring the event remains deeply connected to the local community.
“I want to thank Stefano Domenicali and Formula 1 for believing in our vision, as well as Stephen Ross for his investment and commitment to growing this event. From day one, our goal has been to create a world-class race that also reflects the spirit of Miami — vibrant, inclusive and culturally significant. This long-term commitment allows us to continue innovating, investing in the fan experience and deepening our impact across South Florida.”
