While you're probably aware it costs an arm & a leg to race at any one of F1's 23 active circuits, some are more generous when coaxing the FIA into signing long-term deals. Over the past decade, the average fee a circuit pays to be on the F1 calendar has steadily risen. As you'll see on this list, it pays to be grandfathered into F1.
Most Expensive:
#5. $45M - Bahrain
#3. $50M - Russia
#3. $50M - China
#2. $55M - Saudi Arabia
#1. $55M - Qatar
Least Expensive:
#5. $25M - Mexico
#4. $22M - Belgium
#3. $22M - France
#2. $20M - Italy
#1. $15M - Monaco
*Ties Broken On Length of Contract When Possible
If you'd like to host a race in F1 for less than the median of $32.1M/Year, odds are you'll want your circuit to be in Europe or South America. After thoroughly crunching the numbers, which you can access here, a few interesting statistics emerged.
Regionally speaking, the Middle East has both the lowest average time in F1 (9.3) years, but the highest average cost ($40M). This not only speaks to the rising value of hosting an F1 race, but the way F1 venues are chosen. Covid-19 skewed statistics due to circuits like Turkey or Portugal making unexpected appearances, but considering the majority of currently-active contracts were signed before 2019, the numbers accurately reflect value at the time of signing.
South America & Oceania are too small of regions (1 race each) to have any impact on drawing assumptions. However, between Europe, Asia, & North America, there are a few tidbits long-time fans may not expect.
Asia has the longest-tenured circuit average of 27.5. A figure which is higher than Europe by 3 years.
North America has the lowest average cost for an F1 race at $26.7M. The only region below North America is South America at $25M.
After completing the data set, there are countless comparisons and relationships to dive into. I highly recommend spending a minute or two cruising to find what interests you the most. I've attached the spreadsheet below:
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