crypto miami gp

Why Was the Miami Grand Prix 2022 Crucial for American Motorsports?

Did you know that 242,955 people attended the Miami Grand Prix 2022?

To put that number into perspective, that’s almost 3x the maximum capacity of the Hard Rock Stadium. Specifically designed around the Miami stadium, the 3-day affair was jam-packed with musical events, parties, and celebrities all over the place.

Although the Miami Grand Prix was a successful event, it was a crucial experiment to see if Formula 1 could add more races on American soil. This could lead to even more races being added to the F1 calendar in the future.

If you’re wondering why there’s so much attention on Formula 1 in the United States, here’s everything you need to know about the World Championship’s American expansion:

A Brief History of American Motorsports

Formula 1 has long been a European-dominated sport. With a history that began at Silverstone in the United Kingdom, the sport has since expanded to host races across Europe, the Middle East, and even as far as Australia.

Despite hosting multiple races in the United States, Formula 1 found it difficult to fully break into the American market. This was mainly due to the fact that America had other motorsport leagues to compete with such as NASCAR and IndyCar.

While NASCAR and IndyCar still exist today, Formula 1 has always been seen as the most elite motorsport league in the world.

The “Drive to Survive” Effect

Despite the impressive championship rivalry between Sebastian Vettel and Lewis Hamilton, Formula 1 has stayed fairly stagnant for the last decade or so. This all changed when Liberty Media decided to buy the competition and completely rebrand it.

This laid the foundations for Netflix to produce a groundbreaking docuseries about the entire sport. This series showed the behind-the-scenes of the sport that not many people got to see. The show managed to win over a ton of new fans, specifically in the United States.

While veterans like Hamilton and Daniel Ricciardo were already quite famous, the show managed to boost their popularity even further. Young drivers were also heavily featured in the show. This saw new fans get behind the likes of George Russell, Lando Norris, and Charles LeClerc.

These new fans had a direct impact on ticket sales and F1 viewership in the U.S. over the last few years as well. This saw attendance records broken all over the world as fans were allowed to return to races in the second half of the 2021 season.

The Miami Grand Prix 2022

The Miami Grand Prix was officially announced back in April of 2021. While the organizers had spent a number of years trying to finalize the track to make it official, safety and regulatory issues kept delaying the official announcement.

Despite the track being delayed legally, Formula 1 was dead set on hosting another American race as soon as possible. Due to the rapid popularity of the sport in North America, Formula 1 and Liberty Media knew that they had to act fast.

Organizers of the 2022 Miami Grand Prix went all out to create an event that would rival even the Monaco Grand Prix. They even went as far as to create a beach club, concert stage, and even a marina alongside the track.

Future American Races

While many may still be going on about the Miami Grand Prix, Formula 1 has already announced plans to add another American race to the F1 calendar. This clearly shows the organization’s ambition to expand into the American market.

In addition to the Formula 1 races in Austin and Miami, Formula 1 has announced that they will officially race in Las Vegas during the 2023 Formula 1 season. This race promises to be an epic display of the sport, racing along some of the most famous casinos in the world.

Las Vegas hosted a Formula 1 race back in the 80s at the Caesars Palace parking lot. This was an epic failure due to the heat and desert sand. However, Las Vegas has evolved to allow the race to take place along the main strip and at night.

Why Is America So Important?

Although we’re all happy that Formula 1 is growing in America, some people may be wondering why America needs a third race. The simple answer to this question is that the American market brings in a lot more money than other races on the calendar.

Formula 1 brings in money from broadcasting rights, sponsorships, and the track itself. The last is the most important, as the first two are pretty much the same no matter where you race. American races attract hundreds of thousands of fans, with each of them paying more per ticket.

The United States Grand Prix in 2021 was held at the Circuit of the Americas in Austin, Texas. The event hosted around 400,000 people with an average weekend ticket price of around $200. Compare this to the 195,000 people that were in the Netherlands to see Verstappen at home.

Get Your F1 Tickets Today

If you thought the Miami Grand Prix 2022 was a blast, imagine the hype for the rest of the season? Formula 1 has another 2 races this year in North America. The first being in Canada and the second was the United States Grand Prix in Austin, Texas.

The Circuit of the Americas is one of the largest Formula 1 races of the year. So, if you’re thinking about making your way to COTA in October, you can get your tickets directly from our website.