Miami Grand Prix F1 race will continue in South Florida until 2041

• This extension reflects the growth of Formula One in the United States and the Miami market’s importance to the sport.

MIAMI GARDENS — In a huge move forward for major auto racing in America, South Florida Motorsport and Formula One announced May 2 a 10-year extension to their current 10-year deal to host the CRYPTO.com Miami Grand Prix. The extension keeps the race in South Florida through the 2041 F1 season.

“In this incredible growth of Formula One, we want to make sure that we work together with the best partner we have, and it is a sign of trust we have with the partner we have,’’ Formula One President and CEO Stefano Domenicali said.

Domenicali noted that the early announcement of such a lengthy extension for Miami was especially important for the wider F1 strategy to be present and impactful in the United States.

“This is a place where it is crucial to be,’’ he added, calling it a “pillar of potential growth.”

Currently there are three American races. Miami will host the fourth CRYPTO.com Miami Grand Prix on Sunday, May 4 at the Miami International Autodrome at Hard Rock Stadium. The Circuit of the Americas permanent road course in Austin, Texas hosts its F1 race Oct. 17-19 and the Las Vegas street circuit holds its grand prix Nov. 20-22.

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“Securing a 10-year extension with Formula 1 through 2041 is an extraordinary milestone for all of us at South Florida Motorsports and a true testament to the hard work of our team, the strength of our partnerships, the support of our community and the growth of the sport in the United States,” said Tom Garfinkel, Managing Partner of the Miami Grand Prix. 

Dolphins owner Stephen Ross noted for investment, commitment

“To have been granted this extension after only our third event speaks to what we have felt from the very beginning – the Miami Grand Prix is here to stay. I want to thank Stefano Domenicali and Formula 1 for believing in our vision, as well as (Dolphins owner) Stephen Ross for his investment and commitment to growing this event.

“From day one, our goal has been to create a world-class race that also reflects the spirit of Miami — vibrant, inclusive and culturally significant. This long-term commitment allows us to continue innovating, investing in the fan experience and deepening our impact across South Florida.”

Garfinkel acknowledged the long-term extension allows for continued investment into the circuit and the event. Domenicali emphasized the Miami market is vital to the international series, calling the extension fundamental to both the series “stability and growth.” He reminded that signing Miami to its initial deal was his first in his current leadership position.

Already the Miami circuit has expanded its presence in the broader motorsport world and plans to continue that growth. It now plays host to a precision driving club and is about to welcome the prestigious Ferrari Challenge next week– all in addition to the F1 race.

“The more around this incredible facility we can create a love for motorsport, the more we are connected to the bigger motorsport, Formula One,” Domenicali said, “therefore we are very happy this will link the love of motorsport to the track and what we can do.’’