How more interest in F1 will help the US economy
2022 has seen Formula 1 become increasingly popular in the US. Liberty Media took control of Formula One in 2017. There was one Grand Prix a year held in US at that stage.
The new Las Vegas Grand Prix will take place in November 2023. The new deal with ESPN to cover Formula 1 in the US is worth $75 to $90 million. The NBA's latest TV deal is $2.6 billion. In the U.S. over 30 states have made betting legal. States know that gambling has to be licensed and regulated. New Jersey became the new owner of the commercial rights to the sport five years ago. A year after the takeover, a Supreme Court Judge made a landmark ruling. It made it possible for individual states to decide for themselves what to do regarding gambling. There is a huge online sports gambling industry in U.,S., especially online.
