Tickets for the Formula One Grand Prix in Las Vegas went on presale Tuesday for anywhere between $2,000 and $10,000.
American Express cardholders had the first choice on Tuesday, Nov. 1, with those on the priority interest list able to buy tickets beginning Thursday. Tickets will be open to the public on Saturday. Tickets are sold only as multiday passes and include food and nonalcoholic beverages.
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Despite the Grand Prix limiting ticket sales to eight per person, some scalpers have already begun selling tickets online, with one three-day ticket to the Paddock Club going for $60,000 on eBay.
Prices for the Grand Prix have been on the rise since 2005, increasing 51.6% to an average of $438 by 2015. There were some tickets this year going for $500, according to one pair of American Express cardholders.
In addition to increased ticket costs, hotel prices in the area have increased 300% since the same time the year before, according to data gathered by a local news outlet, 8 News Now. One local reported to the outlet that her own home will be available to rent that weekend.
F1 President and CEO Stefano Domenicali announced Las Vegas would be the location of the Grand Prix in March. It is the first time since 1982 that the racing championship will be hosted by the Nevada city. This year’s Grand Prix in Russia was canceled due to the country’s invasion of Ukraine.
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F1 will have three races total hosted by the United States in 2023.
