Big news for Formula 1 fans in Miami

F1 is keeping the engines running in Miami! Formula 1 and South Florida Motorsports have agreed to a 10-year extension of the Formula 1 Crypto.com Miami Grand Prix, securing the event through 2041.

“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," Stefano Domenicali, president and CEO of Formula 1, said in a statement. "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."

© Spencer Ostrander/F1 Miami GP

"Miami is not only an extraordinary city, but also a truly global sporting hub, energetic, dynamic and culturally vibrant," Stefano continued. "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.”

The 10-year extension to the original agreement makes the race in Miami the longest contracted race in Formula 1. Tom Garfinkel, managing Partner of the Formula 1 Crypto.com Miami Grand Prix, said: “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. 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."

© Zak Mauger/FORMULA 1 CRYPTO.COM MIAMI GRAND PRIX

Miami hosted its first Formula 1 race in 2022. The inaugural Formula 1 Crypto.com Miami Grand Prix is said to have drawn over 240,000 spectators, while 275,000 are said to have attended across the race weekend in 2024. 

News of the extension deal was announced the day the 2025 Miami Grand Prix kicked off. This year's event is taking place May 2 through May 4 at the Miami International Autodrome. Pitbull, Steve Aoki, Kaskade and Cedric Gervais are among the performers who will be hitting the stage at the Hard Rock Beach Club at this year's event, while there will be activations like the Ski Lodge Pop-Up at Mercedes Miami Club. LEGO will also be at the 2025 race with ten LEGO big build cars for each Formula 1 team. This year's teams include Mercedes, McLaren, Ferrari, Aston Martin, Red Bull Racing, Kick Sauber, BWT Alpine, Williams Racing, Racing Bulls and MoneyGram.