A significant development has occurred in the world of Formula 1, with the sport committing to a long-term presence in a neighboring city. Formula 1 has announced a contract extension that will keep a major racing event in Las Vegas for years to come. The extension is for 10 years, ensuring the event's presence through 2037.

This move solidifies the future of the Las Vegas Grand Prix, which will continue to be held on the Strip. Further details about the contract extension and its implications are available from the source, FOX 11 Los Angeles.