During the early years of Formula 1, race tracks were paid for their use of their facilities by the championship organizers.
Circuits – and often the governments of those countries – now pay exorbitant race fees for the privilege of being on the Formula One calendar. However, new tracks are literally queuing up to host Grand Prixs, indicating that this does not deter track owners. In the coming years, the calendar, which currently stands at 22, is expected to grow even more.
In 2023, the calendar will include a race in Las Vegas, as well as a race in Qatar, which was canceled this year due to the World Cup. F1 has also set its sights on South Africa, which could host a race for the first time since 1993 as soon as next year.
However, how much does each track pay to host the Formula One circus? It varies by location, but it should come as no surprise that Middle Eastern countries are among the highest payers.
Saudi Arabia and Azerbaijan are both paying 55 million dollars (around £45 million), according to figures reported by Racing News 365 earlier this year. Bahrain is next with a $45 million (£37 million) bid, followed by Abu Dhabi and Hungary with a $40 million (£32 million) bid each. Singapore and Australia, both of which are returning to the calendar this year, are said to be paying F1 $35 million (£28 million) per year, with Canada, another returning venue, paying $30 million (£24 million) per year.
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At the Azerbaijan Grand Prix, Ferrari’s Charles Leclerc competes.
(Image: Dan Mullan/Getty Images)
The under-threat Monaco Grand Prix does, contrary to popular belief, pay a hosting fee of around $15 million.
Other race fees as follows:
Netherlands: $32million (£26million)
Spain: $25million (£20million)
Italy (Monza): $25million
France: $22million (£18million)
Italy (Imola): $20million (£16million)
According to GP Racing, Vegas will not pay a hosting fee, despite F1 playing a larger-than-usual role in the promotion of the event in Sin City.