If you want to see first Formula 1 race in Las Vegas since the 1980s, you're going to have to shell out at least a few thousands dollars.
Or you can try your luck at winning the promotion from MoneyGram.
MoneyGram, a fintech company that focuses on money transfers, is holding a promotion called "Drive Your Dreams to Vegas" where it is giving away two (2) VIP tickets to all three days of Formula 1 Las Vegas Grand Prix from November 16 to 18.
MoneyGram is the title sponsor for the Haas Formula 1 team, and the prize includes two Paddock Club tickets in the MoneyGram Haas F1 Team Suite. It also comes with the opportunity to meet team members, which could include the team's drivers Nico Hülkenberg and Kevin Magnussen, as well as their beloved team manager Guenther Steiner.
The prize also comes with airfare and hotel accommodations, Haas apparel, and even $5000 in cash. MoneyGram values the total prize at $50,000.
To win, participants must visit the MoneyGram promo website which launches on Sept. 16 and simply answer the question "What drives your dreams?"
Participants must be US residents age 21 and above. Winners of the promotion will be announced on Saturday, October 28.
The promotion is just a small part of MoneyGram's partnership with Haas signed last year that reportedly worth $20 million annually for five years.
Formula 1 has opened the door for sponsors to showcase their brands in several markets. In 2023, Formula 1's 23-race calendar visits 20 countries in five different continents.
"By partnering with the now MoneyGram Haas F1 Team and entering into the world of F1, we are leaning into both the global nature of our business with F1’s global fanbase, as well as our company’s digital evolution and focus on innovation with F1’s legacy as the most technologically advanced motorsport," MoneyGram CMO Greg Hall told TheStreet.
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The Las Vegas Grand Prix is the second-to-last race on the 2023 Formula 1 calendar and the third race in the United States for the year.
Liberty Media (LSXMA) -), the parent company of Formula 1, purchased land in Las Vegas worth $240 million last year in order to build the paddock for the Vegas street race. It is expected to race until at least 2032.
Tickets are at a premium for the race. The cheapest three-day package on the Formula 1 website for the Las Vegas Grand Prix is at €1866 ($2,005). The cheapest seats on third-party website Vivid Seats are just above $1,100 before additional fees for the three-day experience.
And this doesn't even include the hotel fees that are reportedly inflated for that weekend.
Some hotel companies like Wynn are even offering Formula 1 Grand Prix packages worth seven figures.
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