How Much Does It Cost to Build a Formula 1 Track?

F1 Race Track Costs

  • Building the track cost around $270 million.
  • Over a ten-year period, building a circuit and hosting an F1 race costs around $933.1 million.
  • Formula One makes money from broadcasting fees, advertising, sponsorships, race promotion fees, and merchandising.
  • There is no cap on the maximum amount to construct a track. It might go as high as $1 billion for the Abu Dhabi track.
  • It costs around $100 million to host an F1 race. The amount varies depending on the race track.
  • According to Profitable Venture, building a standard race track in the United States costs at least $7 million.

Operating Costs

  • Securing a 3.2-mile street course with barriers and fencing costs around $8 million.
  • Vehicle, office, and utilities payments total around $6 million.
  • Insurance is around $1 million.
  • The annual operating cost of an F1 street race is around $57.5 million.

Ticket Prices

  • Attending a Formula 1 event is no joke. Tickets are among the most expensive in sports, as limited races and seating drive high demand.
  • For the 2022 season, the average ticket price for single-day admission is about $2,000.
  • The most basic form of ticket is a three-day weekend pass, usually ranging from $125-$225.
  • Fans can also buy single-day general admission passes, which can cost anywhere from $100 to over $180.

Building Race Tracks

  • A basic 1/4 mile dirt track costs $400k.
  • A paved 1 mile superspeedway with grandstands costs over $100 million.
  • Most full-size tracks cost over $7 million to build.
  • The cost to build a race track depends on many factors, including the location, size, and amenities.

Miscellaneous

  • Miami Dolphins owner Stephen Ross funded the $40 million custom track and contributed to other associated race costs, according to the Miami Herald.

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