FORMULA 1 will reportedly receive £1BILLION from their new deal to stage a race in Las Vegas from next season.
The Nevada circuit will play host to a third American race and will feature a portion of the course running along the famous Strip.
According to talkSPORT, the F1 will bag a 10-figure sum for bringing the race to Vegas.
And it could be held in November to coincide with Thanksgiving weekend.
Seven-time champion Lewis Hamilton is buzzing to head to Vegas – a city the sport has not been to since the 1980s.
He said: “It’s a real party city. It’s really difficult for a racing driver – how am I going to focus that weekend? There’s going to be so much going on.”
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F1 confirm they WILL hold Las Vegas Grand Prix next season along iconic Strip
Hamilton’s former Mercedes team-mate Valtteri Bottas joked: “I might need to behave better than I did last time.”
While AlphaTauri driver Pierre Gasly asked about whether they were actually going to race on the Strip, querying: “Are we going to take that main [road]?”
When he was told they would be, the Frenchman then added: “No. That’s going to be insane! Wow.”
Mick Schumacher also reacted to the news in an exuberant manner, saying: “That’s crazy. I think we’ll find a few drivers in the casinos then – me being one of them.”
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The race will be held at night on a Saturday – rather than a Sunday.
The track will see F1 cars race along The Las Vegas Strip, past hotels and casinos in what promises to be one of the most iconic settings on the calendar.
The track design is 3.8 miles long from start to finish with top speeds estimated to be over 212 mph.
There will be 50 race laps with three main straights and 14 corners, including a high-speed cornering sequence and a single chicane section.
F1 CEO Stefano Domenicali said: “This is an incredible moment for Formula 1 that demonstrates the huge appeal and growth of our sport with a third race in the US.
“Las Vegas is a destination known around the world for its excitement, hospitality, thrills, and of course, the famous Strip.
“There is no better place for Formula One to race than in the global entertainment capital of the world and we cannot wait to be here next year.”