Last week Formula One (F1) announced the Las Vegas Grand Prix would run a race on and off the Vegas Strip next year. The race will take place at night in November, but there isn’t a specific date yet.
F1 is still a growing sport in the US. Attendance for the United States Grand Prix in Austin, TX has grown from 100,000 tickets to 400,000 for the weekend of races. The sport is growing in popularity so much in the US that the Miami Grand Prix will take place for the first time in May.
The Las Vegas Grand Prix will become the third F1 race in the US next year. While still a new and growing market, the US will be the only country to host three F1 races in 2023. Nevada officials are expecting 170,000 to visit Las Vegas for the first F1 race.
While F1 continues to grow in popularity,, having three races in the US could increase interest in gambling on the races. F1 betting menus are beginning to grow on a weekly basis at Nevada sportsbooks. However, there’s only one offering 2023 Las Vegas Grand Prix odds.
Las Vegas Grand Prix Odds
The Las Vegas Grand Prix is more than a year and a half away so it’s not a surprise to see betting options aren’t available at all sportsbooks. However, one Nevada sportsbook operator is getting ahead of the competition.
“Vegas has almost overnight become a sports mecca or destination for all major sporting events. With the announcement of the Las Vegas F1 race scheduled for November of ‘23. It was only natural to capitalize on the international popularity of the sport and post odds on the first F1 race here in 40 years. With this being announced as a night race along the Las Vegas Strip, this will quickly become both a fan and betting favorite on the F1 Circuit. I have no doubt.” Chuck Esposito, Director of Race and Sports Book Operations for Station Casinos
STN Sports by Station Casinos is the first Nevada sports betting app to offer odds on the inaugural running of the F1 Las Vegas race. Specifically, STN Sports has odds on which team will win the 2023 Las Vegas Grand Prix.
Since drivers may change teams during the off-season, this seems to be a fair way to offer odds this far out. Team Red Bull is the favorite to win the Las Vegas race at nearly even money (11/10). Ferrari and Mercedes are second and third, respectively.
Here are the full odds from STN sports for which team will win the inaugural Las Vegas Grand Prix in 2023:
- Red Bull: 11/10
- Ferrari: 9/5 fhn
- Mercedes: 3/1
- McLaren: 10/1
- Alpine: 10/1
- AlphaTauri: 12/1
- Alfa Romeo: 12/1
- Aston Martin: 18/1
- Field (any other team): 30/1
Nicole Russo from The Lines shared some thoughts about betting the early Las Vegas Grand Prix odds:
“I have to give Stations a lot of credit for getting these lines out early and capitalizing on the excitement of F1 coming to Vegas. From the bettor’s perspective, I would be wary of placing a futures bet on a race this far out. Elements of the power units on the F1 cars can be changed through September 2022, which could have a big impact on both future race outcomes and the odds boards. While this is a very fun market to discuss early on, it’s a difficult one to actually wager on at the moment.”
This is good advice for most: “way-too-early” odds for any sport. While placing the first bet for an event is fun, it’s wise to approach it with caution. A lot can happen between now and November 2023.
Details On The Las Vegas Grand Prix
The Las Vegas Grand Prix race in 2023 will take place on a Saturday night in November. The specific date and time have not been announced yet.
Unconfirmed rumors are swirling that the race will take place the Saturday before or after Thanksgiving weekend. It appears as though Lights Out, the beginning of the race, will be 10 p.m. in Las Vegas. That’s 1 a.m. on the east coast.
While the date and time aren’t set in stone, there is a plan for the first Las Vegas F1 rac e. Here are some of the basics to know about the Las Vegas Grand Prix Course:
- 3.8 miles (6.12 kg) long from start to finish
- 14 corners
- 3 main straightaways
- 2 DRS Zones
- 1 Chicane section
- 50-lap race
F1 estimates that cars will race on the course at a peak speed of 212 miles per hour.
The race itself will take place both on and off the Vegas Strip. The Las Vegas Grand Prix will give fans of the city some gorgeous views of the Vegas Strip at night.
Cars will race by Bellagio and its gorgeous fountains, Caesars Palace, The Venetian and more. The highlight of the off-strip portion of the race will be when cars drive around the MSG Sphere that’s currently under construction behind The Venetian.