Tourist volumes have been on a steady climb since the pandemic and those visitors are spending more than they ever have.
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Several Strip-area businesses want Formula One Grand Prix officials to address revenue losses that stem from months of race-related road work.
Analysts say Super Bowl may have had bigger impact, but the annual appearance of F1 during a slow time on the city’s calendar may be bigger in the long haul.
Revenue records were shattered during November’s Formula One race. The live entertainment tax collection was between $30 million and $35 million, the LVCVA said.
Formula One and Super Bowl are just two of several big events that will draw thousands of people to Southern Nevada between now and mid-February.
At a philanthropy summit, officials from the Super Bowl LVIII Host Committee and Formula One discussed how these events are looking to give back to the community.
Several Raiders home games will rub elbows with several special events later this year, including Formula One and National Finals Rodeo.
The inaugural Formula One Las Vegas Grand Prix is projected to have an overall economic impact to the tune of almost $1.3 billion.