F1 News: Canadian GP contract extended, will pay $3M more/year

(GMM) Canadian GP entities will pay more than before to keep Formula 1 in Montreal – and at least some of that cost will be passed to the spectators.

As predicted by Le Journal de Montreal a day earlier, F1 and local race promoters Octane confirmed on Tuesday that they had successfully negotiated a contract extension through 2035.

The newspaper said it is now one of the most secure races on F1’s bustling 24-race calendar.

“Miami (2041), Australia (2037), Bahrain (2036), and Madrid (2035) are among those with longer contracts,” Le Journal noted.

The newspaper was also prepared with the financial details of the new deal, as Ottawa, Quebec, Tourisme Montreal, and Societe du parc Jean-Drapeau combine to fund the event.

The last race in the existing contract will be run in 2031, costing the promoters $26 million solely in the race fee payable to Liberty Media-owned F1.

“This sum will subsequently rise to approximately $29 million annually between 2032 and 2035,” Le Journal de Montreal revealed.

“The Montreal stopover will thus reach the average of the agreements concluded among the 23 other promoters on the calendar.”

Quebec politician Carlos Leitao justified the cost of the Canadian GP.

“We’re talking about the sustainability of an emblematic event,” he said. “If I put on my economist hat, the economic benefits are much greater than the investments.”

Tourism minister Caroline Proulx explained that in tourism spending alone, the benefit is $1 billion. “That’s not nothing,” she said.

Indeed, EFE news agency reports that the government of Thailand on Tuesday formally approved a $1.27 billion bid to host a F1 race on the streets of Bangkok between 2028 and 2032.

As for the extra cost of keeping F1 in Canada, it appears that spectators will contribute. Le Journal de Montreal said prices for two particular grandstands are rising $90 and $140 respectively per ticket from 2026.

Current F1 Event Statistics with Canadian GP Update

Rnd	2025 Date	Event	Circuit	Location	Hosting Fee ($)	Contract Good Thru	3-Day Attendance	Length (km)	Length (Miles)	Turns	Laps
1	March 16	Australian GP	Albert Park Circuit	Melbourne	40 million	2037	465,498	5.279	3.280	16	58
2	March 23	Chinese GP	Shanghai Intl Circuit	Shanghai	50 million	2030	220,000	5.451	3.387	16	56
3	April 6	Japanese GP	Suzuka International Racing Course	Suzuka	50 million	2029	266,000	5.807	3.608	18	53
4	April 13	Bahrain GP	Bahrain International Circuit	Sakhir	45 million	2036	105,000	5.412	3.363	15	57
5	April 20	Saudi Arabian GP	Jeddah Street Circuit	Jeddah	55 million	2030	150,000	6.175	3.837	27	50
6	May 4	Miami GP	Miami International Autodrome	Miami	$45M-$60M	2041	275,480	5.410	3.362	19	57
7	May 18	Emilia Romagna GP	Imola	Imola	20 million	2025	242,000	4.909	3.050	21	66
8	May 25	Monaco GP	Circuit de Monaco	Monte Carlo	32 million	2031	250,000	3.340	2.075	19	78
9	June 1	Spanish GP	Circuit de Barcelona	Montmeló	25 million	2026	300,286	4.655	2.892	16	66
10	June 15	Canadian GP	Circuit Gilles Villeneuve 14 turns	Montreal	29 million	2035	352,000	4.361	2.710	14	70
11	June 29	Austrian GP	Red Bull Ring	Spielberg	25 million	2030	304,000	4.326	2.688	10	71
12	July 6	British GP	Silverstone Circuit	Silverstone	40 million	2034	480,000	5.891	3.660	18	52
13	July 27	Belgian GP	Circuit de Spa-Francorchamps	Stavelot	32 million	2031	380,000	7.004	4.352	19	44
14	August 3	Hungarian GP	Hungaroring	Mogyoród	40 million	2032	303,000	4.381	2.722	14	70
15	August 31	Dutch GP	Circuit Zandvoort	Zandvoort	32 million	2026	305,000	4.459	2.771	14	72
16	September 7	Italian GP	Autodromo Nazionale di Monza	Monza	32 million	2031	304,135	5.793	3.600	17	53
17	September 21	Azerbaijan GP	Baku City Circuit	Baku	55 million	2026	95,000	6.003	3.730	20	51
18	October 5	Singapore GP	Marina Bay Street Circuit	Singapore	35 million	2028	264,108	5.063	3.146	23	61
19	October 19	United States GP	Circuit of the Americas	Austin	25 million	2026	432,000	5.513	3.426	20	56
20	October 26	Mexico City GP	Autódromo Hermanos Rodríguez	Mexico City	30 million	2028	400,639	4.304	2.674	17	71
21	November 9	Sao Paulo GP	Autódromo José Carlos Pace	São Paulo	30 million	2030	267,000	4.309	2.677	15	71
22	November 23	Las Vegas GP	Las Vegas Street Circuit	Las Vegas	Owned by F1 Assume $45M	2033	315,000	6.120	3.803	17	50
23	November 30	Qatar GP	Losail International Circuit	Losail	55 million	2032	120,000	5.380	3.343	16	57
24	December 7	Abu Dhabi GP	Yas Marina Circuit,	Abu Dhabi	40 million	2030	165,000	5.554	3.451	21	55
				w/o Madrid	$889 million		6,761,146	Averages	3.234 mi.	18	60
25	TBD	Spanish GP	IFEMA Madrid Circuit	Madrid	65 million	2035	330,000	5.474	3.401	20	56
				w/Madrid	$951 million		7,091,146	Averages	3.240 mi.	18	60

Note: Some Event Statistics are estimated based on media reports because contracts are not made public