Las Vegas GP’s $37,870 Ticket Price Has Bigger Value than Historic F1 Championship Trophy from 1964

Flashy lights, loud noises, unmanageable traffic, complete disruption of local business’s day-to-day, and a loose drain cover on top of it all. These were just some of the issues raised by the masses in the months leading up to the first-ever Las Vegas Grand Prix. Liberty Media did not pay heed to the residents of Vegas as they were extremely troubled by all the prep that went into turning the Strip into a circuit. It was further made evident by the ticket prices of the Las Vegas GP, which were eventually reduced because of the lack of sales. However, the sport has not learned from its mistake as the second edition of the race in the Sin City is already being criticized again.

The fans are back on the online forums to complain about the Las Vegas GP. The complaints are somewhat similar to last year as the fans are highlighting the high ticket prices for the 2024 edition. The tickets are online already and one fan logged in to maybe Vegas like never before. However, the fan was dumbfounded by the price of the ticket.

As reposted by RaceFans, a fan highlighted how an “F1 Garage 3-day” pass for the Las Vegas GP will set you back a whopping 30,000 British sterling pounds or $37,870.

Hilariously, the same tweet highlighted how one can purchase the 1964 FIA World Driver’s Championship trophy that was won by John Surtees driving for Ferrari for half the price. That’s right, the trophy is up for auction and is estimated to be sold in the range of 12,000 to 15,000 pounds, which translates to about $18,000 on the higher side.

This is a concerning reality as inflation is making everything expensive, and entertainment is especially feeling the effects. On top of that, F1 is one of the most popular and expensive sports in the world even for a fan. So then why do we see thousands of fans and even businesses put up with the exorbitant costs of Formula 1? It’s the ROI!

Las Vegas hotels reveal the mega impact of hosting the Grand Prix in the Sin City

We’re not sure what was the impact of the race on the locals, although the general chatter gave the world mixed reviews. However, the biggest earners or winners from the Las Vegas Grand Prix weekend were the hotels and the casinos. In a usually quiet part of the year for Vegas, the entire city was hustling, bustling, and most importantly sold out. So much so that the casinos saw a massive uptick in revenue from Saturday night alone.

To put things in perspective, Wynn Hotel alone recorded a tip pool of $700,000 from Saturday night. The massive tipping pool for the dealers broke an 18-year-old record for the hotel. So for a dealer who took home somewhere around $350-$400 in tips from a Saturday night, after the Las Vegas GP, the number went up to $2000 each, 7 times the average.

So even though the race faced criticism, it has its positives. We need to see if the good outweighs the bad and if the sport can strike a healthy balance to keep everyone happy. Let’s hope we see a different reaction to the 2024 edition.

Read More: F1 News: $5 Million Loss-Making Business After Las Vegas GP Cheers Up as F1 Finally Takes Responsibility for Local Lives