USA Today via Reuters
Apr 24, 2022; Talladega, Alabama, USA; NASCAR Cup Series driver Kurt Busch (45) hits Bubba Wallace (23) while racing to the checkered flag behind Martin Truex Jr (19) and Ross Chastain (1) during the Geico 500 at Talladega Superspeedway. Mandatory Credit: John David Mercer-USA TODAY Sports
USA Today via Reuters
Apr 24, 2022; Talladega, Alabama, USA; NASCAR Cup Series driver Kurt Busch (45) hits Bubba Wallace (23) while racing to the checkered flag behind Martin Truex Jr (19) and Ross Chastain (1) during the Geico 500 at Talladega Superspeedway. Mandatory Credit: John David Mercer-USA TODAY Sports
It comes as no surprise that Formula one is the biggest motorsport event in the world right now. Formula one is known as the sport with the single-seater cars with a staggering 1000 horses of power, steered by 20 of the best and fastest drivers in the world.
Reuters
Formula One F1 – Miami Grand Prix – Miami International Autodrome, Miami, Florida, U.S. – May 8, 2022 General view as the U.S. flag is held before the start of the race REUTERS/Brian Snyder
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Miami held its first Grand Prix event around the Hard Rock Cafe. The first race, completely studded with glamour, left all the viewers star-struck with some of the most jaw-dropping celebrities. However, that’s not the end of it. In fact, the United States will host another Formula 1 racing event in 2023. And, this one will be a new street track in Las Vegas, or as we all know it, the city of sins.
Of course, NASCAR remains the primary sport in America with a significantly higher viewership and fans. However, a new development reveals something really shocking.
Watch This Story – NASCAR Fans Find Michael Jordan And Kurt Busch’s Collaboration “Disgusting”
Sources Reveal The Budget Foothold Formula 1 Has Over NASCAR
Formula one increases its reach in the Americas. And, new sources reveal an eye-opening advantage that Formula One has.
Front Office Sport confirmed the funding from Las Vegas’ Tourism for the Las Vegas GP in a tweet that said, “Las Vegas’ tourism board has committed $19.5 million over the next three years to host Formula 1 races. As part of the partnership, Vegas will ensure Liberty Media obtains land and approval, relationship building with resorts, event support and more.”
Las Vegas' tourism board has committed $19.5 million over the next three years to host Formula 1 races.
As part of the partnership, Vegas will ensure Liberty Media obtains land and approval, relationship building with resorts, event support and more 🏎 pic.twitter.com/79iPffKLDq
— Front Office Sports (@FOS) May 13, 2022
This is a very major difference in the budget if you consider that Formula One will get $6.5 Million per year. On the other hand, NASCAR gets right about $1.6-$1.75 million, as confirmed by Bob Pockrass on Twitter.
Las Vegas visitors bureau paying $6.5M/yr over three years to F1 …. It pays LVMS $1.6-$1.75M a yr to have 2 tripleheaders (ARCA race considered part of tripleheader in fall). https://t.co/pIjaLTmaGy
— Bob Pockrass (@bobpockrass) May 13, 2022
The sudden jump in popularity of Formula One comes as no surprise. Especially, after Netflix’s documentary, Drive to Survive. In fact, the docu-series has depicted some jaw-dropping numbers in growth and popularity alone.
In the end, it is apparent that Formula One has secured a place in current pop culture with a significant number of newer viewers being between the age of 16-35. However, is it fair to NASCAR compared to Formula One? Should they match the budget?
