{"id":298930,"date":"2023-11-15T12:23:52","date_gmt":"2023-11-15T18:23:52","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=298930"},"modified":"2023-11-15T14:40:58","modified_gmt":"2023-11-15T20:40:58","slug":"f1-prices-in-free-fall-a-day-before-vegas-grand-prix","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/f1-prices-in-free-fall-a-day-before-vegas-grand-prix\/","title":{"rendered":"F1 Prices in Free Fall a Day Before Vegas Grand Prix"},"content":{"rendered":"<p>Ticket prices continue to plummet for the Formula 1 Grand Prix in Las Vegas only a day before the festivities begin.<\/p>\n<figure id=\"attachment_298934\" aria-describedby=\"caption-attachment-298934\" data-style=\"width: 858px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-298934 size-post-thumbnail-858xAUTO\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/11\/chatgpt-858x599.jpg\" alt=\"\" width=\"858\" height=\"599\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/11\/chatgpt-858x599.jpg 858w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/11\/chatgpt-430x300.jpg 430w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/11\/chatgpt.jpg 1111w\" sizes=\"(max-width: 858px) 100vw, 858px\" \/><figcaption  id=\"caption-attachment-298934\"class=\"text-description\">An A.I. rendering of a Formula 1 racecar plummeting off the roof of a resort onto the Las Vegas Strip. (Image: ChatGPT)<\/figcaption><\/figure>\n<p>According to TickPick, prices have dropped 23% for Saturday night\u2019s main event since last week, with the current lowest price for a grandstand ticket dipping to around $800. That\u2019s down 50% since last month, when the cheapest ticket sold for $1,645, and 60% off last year\u2019s initial low price of $2K.<\/p>\n<p>Prices for the practice and qualifying sessions are tanking even harder. Grandstand seats for Thursday\u2019s practice session went for $919 last year but are now $119, an 87% decline. Friday tickets for qualifying races sold last year for $1,085 and are now $259, a 76% drop.<\/p>\n<h2><strong>Why the Downforce?<br \/>\n<\/strong><\/h2>\n<p>Most experts pin the lack of demand primarily on the tickets being the most expensive F1 that has ever been issued. Another factor is the 2023 World Championship win by Max Verstappen and Red Bull, which practically guarantees their domination over the Las Vegas Grand Prix.<\/p>\n<p>Other possible factors are the cold weather and the waning popularity of <em>Netflix\u2019s<\/em> &#8220;Drive to Survive&#8221; F1 documentary series after five seasons.<\/p>\n<blockquote class=\"main-blockquote\"><p><strong>The public has spoken this year,\u201d<\/strong> TickPick CEO Brett Goldberg told <em>CNN,<\/em> adding that he suspects that F1 will price its 2024 Las Vegas Grand Prix grandstand seats lower<em>.<\/em><\/p><\/blockquote>\n<p>Despite the plummeting prices, however, Goldberg expects that the three-day event \u201cwill be well attended\u201d since falling prices are exactly how supply meets demand.<\/p>\n<p>Approximately 105K visitors are expected to watch the race at 10 p.m. Saturday, from a ticketed location.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ticket prices continue to plummet for the Formula 1 Grand Prix in Las Vegas only a day before the festivities begin. According to TickPick, prices have dropped 23% for Saturday night\u2019s main event since last week, with the current lowest price for a grandstand ticket dipping to around $800. That\u2019s down 50% since last month, [&hellip;]<\/p>\n","protected":false},"author":78,"featured_media":298934,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[83505,81886],"tags":[82543,82381,87591,88574,23,87824,83919],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>F1 Prices in Free Fall a Day Before Vegas Grand Prix - Casino.org<\/title>\n<meta name=\"description\" content=\"Ticket prices continue to plummet for the Formula 1 Grand Prix in Las Vegas only a day before the festivities begin. According to TickPick, prices have\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/f1-prices-in-free-fall-a-day-before-vegas-grand-prix\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"F1 Prices in Free Fall a Day Before Vegas Grand Prix - Casino.org\" \/>\n<meta property=\"og:description\" content=\"Ticket prices continue to plummet for the Formula 1 Grand Prix in Las Vegas only a day before the festivities begin. According to TickPick, prices have\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/f1-prices-in-free-fall-a-day-before-vegas-grand-prix\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-15T18:23:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-15T20:40:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/11\/chatgpt.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1111\" \/>\n\t<meta property=\"og:image:height\" content=\"775\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Corey Levitan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Corey Levitan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/f1-prices-in-free-fall-a-day-before-vegas-grand-prix\/\",\"url\":\"https:\/\/www.casino.org\/news\/f1-prices-in-free-fall-a-day-before-vegas-grand-prix\/\",\"name\":\"F1 Prices in Free Fall a Day Before Vegas Grand Prix - Casino.org\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/f1-prices-in-free-fall-a-day-before-vegas-grand-prix\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/f1-prices-in-free-fall-a-day-before-vegas-grand-prix\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/11\/chatgpt.jpg\",\"datePublished\":\"2023-11-15T18:23:52+00:00\",\"dateModified\":\"2023-11-15T20:40:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/281fd7b5480c9afb75e84ffb75039f09\"},\"description\":\"Ticket prices continue to plummet for the Formula 1 Grand Prix in Las Vegas only a day before the festivities begin. 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