Thinking about Las Vegas next season, start saving, you will have to dig deep.
Formula 1's long-awaited return to the city of Las Vegas in Nevada is likely to see a significant price tag attached as far as race-goers are concerned.
Vegas is expected to be on a packed 2023 calendar, with the cars set to race up and down the world famous Strip for the first time in November, potentially matching Monaco for glitz and glamour.
It could also burn a similar-sized hole on the pockets of anyone wanting to attend, particularly those fans opting for the top tier packages which are expected to cost in the region of $100,000.
Sports Business Journal reporter Adam Stern revealed on Twitter that MGM Resorts is planning to buy $20-25 million worth of tickets from Formula 1 in order to create hotel and event packages for the race.
Rooms at the chain's hotels including the MGM Grand and the Bellagio could cost up to three times their usual rate, according to CEO Bill Hornbuckle.
A typical one night stay in November at the MGM is currently priced at $249, while the more upmarket Bellagio charges $279 for a similar visit.
Formula 1 itself is also seeing the cash opportunity of the new event and will be acting as the local promoter, meaning it will be stumping up the costs for staging the race
It has already purchased a $240 million plot of land just off the Strip on which it plans to construct a permanent pit and paddock complex.
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