How much revenue was generated by F1 during the 2023 season? Formula One’s annual revenue increased to $3.222 billion, up 25% from $2.573 billion, in the season 2023, which saw a 10% decrease in viewership.
2024 F1 Race Over, but Debate on Subsidies Continues Austin's first Formula One race has been largely deemed a success. But state officials are still discussing whether to give as much as $250 million in tax subsidies to the race promoters.
It's good to have low friends in high places.