Las Vegas will officially host Formula 1’s (F1) newest Grand Prix in 2023, and has the potential to host a race through 2032 after the Clark County Commission passed a motion earlier this week that recognises the circuit as an annual event for the next ten years.

F1 currently has a three-year deal to race in Las Vegas, this recent measure anticipates keeping the Grand Prix as a fixed calendar event in the F1 schedule.

The Clark County Commission approved a resolution to secure the event’s long-term future, acknowledging the race’s estimated billion-dollar impact on Las Vegas’ local economy.

Commenting on F1’s future in the city, Clark County commissioner, James Gibson, said: “I think it’s important to note that we have a three-year contract with Formula One, but we anticipate a lifetime in partnership.”

“This will open the pathway to be able to do it for at least 10 years. And then beyond that, I’m sure that those who succeed us will see the value in what we’ve done and continue doing it forever,” he said.

Additionally, the commission granted several waivers, including approving the desired circuit on both public and private land in Las Vegas, alongside permanent planned closures which suggest that the current November race timeframe is here to stay.

The inaugural 3.8-mile (6.2km) strip will feature some of the city’s iconic landmarks, as F1 continues to invest in the promotion and construction of the paddock’s facilities.

This news comes after Aston Martin F1 announced a global partnership ahead of the 2023 season.