The Las Vegas Grand Prix was a record-breaking event for sportsbooks, despite its initial controversy and legal issues. Caesars Sportsbook set the record for the total betting handle for any motorsports event, while other entities such as BetMGM, Station Casinos, Westgate SuperBook, and Red Rock Resort also reported record handles for the F1 race.
The success of the race has been met with some criticism regarding its late-night start time. Although it was chosen to minimize disruption to local citizens who endured months of headaches due to track construction, efforts are underway to ensure an earlier start time for future races. The 10 p.m. local start time, which was 1 a.m. on the East Coast, has prompted pushback from drivers and team executives who are traveling from Europe and have urged for an earlier start time to aid in their time-zone acclimation.
The impact of the race will be more fully understood next month when the Nevada Gaming Control Board releases its monthly report for November.