Austin, Travis County and Texas as a whole will be hoping the contract extension for the United States Grand Prix to remain at the Circuit of the Americas continues to bring billions of dollars to the region.
It was announced ahead of Sunday’s race in Austin that the US Grand Prix will stay at COTA until at least 2034.
The venue welcomed F1 back to the U.S. when it hosted its first race in 2012 and COTA has since become a firm favourite of drivers and fans alike, with the grand prix now set to stay put for another nine seasons.
F1’s Austin debut came when it was still largely ignored by the American audience, but now the sport is enjoying an unprecedented period of growth across the country, with a $140million-a-year broadcast deal with Apple announced two days before COTA’s extension.
While hosting an F1 race weekend can be an expensive affair, the United States Grand Prix benefits from a unique arrangement between organisers and the state of Texas.
The race officials are able to apply for annual tax revenue to pay for the staging of the grand prix and, since 2012, the state has paid out more than $300million in this way.
However, the investment has paid off, with F1 claiming the grand prix has brought over $7billion in economic impact to the area during that time.
The new contract was confirmed on the morning of the 2025 MSC Cruises United States Grand Prix, which saw Max Verstappen qualify on pole position having already secured victory in the Sprint race on Saturday.
“Since 2012 the United States Grand Prix has continued to grow in strength and popularity, and I want to thank the City of Austin and Travis County for hosting us,” said Formula 1 Chief Executive Officer, Stefano Domenicali.
“As Formula 1 continues to grow and thrive in the United States, we are proud to extend our partnership with Bobby Epstein and his outstanding team in Austin, as well as with Governor Abbott, whose leadership has been instrumental in supporting the sport’s development in Texas and beyond.
“Both have shown unwavering commitment to F1, and their shared vision and investment have played a vital role in establishing the strong foundation we now enjoy in the US.”
With Austin on the calendar until 2034, the Crypto.com Miami Grand Prix signing an historic extension to 2041 earlier this year and the Heineken Las Vegas Grand Prix promoted by F1 itself, the future of America’s trifecta of races is secure for the long-term.
We’re glad Formula 1 has found a home in Texas, and are grateful to the fans, teams, and the entire F1 community who have consistently supported us
Bobby Epstein, COTA Chairman
COTA has hosted a sprint race since 2023 and organisers are delighted to be able to continue to bring F1 to Austin for the foreseeable future.
“We’re glad Formula 1 has found a home in Texas, and are grateful to the fans, teams, and the entire F1 community who have consistently supported us and made the United States Grand Prix a favourite stop on the global calendar,” said Bobby Epstein, Chairman of Circuit of The Americas.
“Equally, we’re proud of – and appreciate – the people of Central Texas who have been such welcoming hosts! With this contract, COTA will overtake Watkins Glen as the longest serving Formula 1 track in the United States.
“Thanks to the great support and a wonderful host city, the United States Grand Prix has grown to be one of the world’s biggest single weekend sporting events – with an unrivalled annual economic impact.”
