The Las Vegas Grand Prix sparked a lively debate and faced some difficult issues at the outset, but it has been a tremendous success when it comes to sports betting. Caesars Sportsbook, in particular, set a new company record for the total betting handle on any motorsports event, with well over seven figures. This was three times the betting compared to a high-profile NASCAR event. BetMGM also reported record handles for the race and saw a surge in the number of bets compared to any previous F1 event. The full impact of the race on sportsbooks will become more apparent next month when the Nevada Gaming Control Board releases its monthly report for November.
Despite Max Verstappen’s breathtaking 16th victory in 17 Formula 1 races, there were efforts to ensure an earlier start time for the race that started at 10 p.m. local time or 1 a.m. on the East Coast. Numerous drivers and team executives are advocating for an earlier start time as they travel from Europe and face challenges balancing expectations in a 24-hour time zone as F1 seeks to become a global sport. Despite this, efforts are underway to address these challenges and ensure that future races run smoothly without causing disruptions to local citizens who have already faced significant disruptions due to track construction extended period of time.