At the Miami Grand Prix, $35,000 for a table at a club is just the beginning. Formula 1 is a big moneymaker for the cities that host its races. Last year, the first-ever F1 Miami Grand Prix brought $350 million in new spending to the city via hotel bookings, decadent nights out and advertising revenue, according to data compiled by Applied Analysis. Racing fans spent an average of $1,940 per person at the race–double what the typical Miami tourist spends, Front Office Sports reported.
The spending is likely to creep even higher on May 5-7 at the Formula 1 Crypto.com Miami Grand Prix. Ticket prices on the official race website start at $880 for three-day passes and stretch past $5,000 per person for three-day grandstand seating that includes access to the track during qualifying rounds. StubHub lists them starting at $416 per person on Sunday’s final race day; TickPick lists them for as little as $452, though most ask around $1,400. It’s the second-most-expensive price for any race on the F1 calendar, behind the Las Vegas Grand Prix in November while ahead of the Singapore Grand Prix, which famously brought $70,000 bottle service at some clubs during last year’s race weekend.
Revelers will have ample opportunity to dance off dinner at parties and nightclubs around the city. E11even, one of the most popular clubs in Miami, will host a slew of famous talent during race weekend: Rick Ross, DJ Snake, deadmau5, a surprise guest and Tiesto will each perform for a night from May 3 to 7.
