Published on: November 7, 2024, 01:18h.

Last updated on: November 7, 2024, 01:18h.

The upcoming Las Vegas Grand Prix Formula 1 race is rapidly approaching, with practice and qualifying taking place from November 21-23, followed by the main race that Saturday night.

Entering its second year, the Las Vegas Strip Circuit is a temporary 6.2 kilometer (3.85 mile), 50-lap, 17-turn street track, passing by iconic landmarks such as Caesars Palace, the Bellagio, and the Venetian, creating a thrilling race under the dazzling Vegas lights. The inaugural race last year saw a lap record set by Oscar Piastri at 1:35.490 and was not without its share of controversies.

Negative Reviews from the 2023 Race

Driver Max Verstappen expressing his dissatisfaction with how the glitz and glamour overshadowed the race itself in Vegas, despite his victory (opinions from rival Lewis Hamilton differed, and other voices countered Verstappen’s views); concerns about loose manhole covers on the track leading to a closure for inspection by F1 officials, along with complaints from locals about disruptions caused by the event, high ticket prices, and cancelled practice sessions, all garnered media attention.

However, that was last year.

With another race on the horizon, hotel operators are capitalizing on the excitement, evident from the rising room rates.

Current Room Rates Overview

Checking out room rates at strip hotels this morning, here’s what we discovered:

A Julius Deluxe Room at Caesars Palace for the three nights is priced at $469 per night, escalating to the Colosseum Duplex Suite at $21,752 per night. Rates at the Bellagio range from $795 per night for a Premier Two Queen to $1,715 for a Bellagio Suite. The Venetian offers rates from $477 for a Luxury King to $859 for a Luxury Two Queen Race Turn View. At Wynn Las Vegas, rates span from $1,483 per night for an Encore Resort King to $7,535 for all three nights in an Encore Panoramic View Two Queens, and up to $79,014 for all three nights (Paddock Club Package) in an Encore Tower Suite Salon (2,261 square feet).

Early Favorites for Betting

The highest ticket price for the weekend, according to the F1 website, is $2,750 for a Heineken Silver Main Grandstand (Start/Finish line) ticket.

Initial betting odds today show DraftKings favoring Verstappen to win (+185), followed by Lando Norris (+250), Charles Leclerc (+285), Carlos Sainz (+650), Piastri (+1600), and Hamilton (+2200).