What We're Building--COTA — original pdf

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2024 F1 USGP ECONOMIC IMPACT 2024 Total Estimated Impacts to Texas It is estimated, based on the online attendee survey that was administered immediately following the 2023 F1 USGP event, that OOS attendees will directly spend over $472.6 million in Texas because of the 2024 F1 USGP at Circuit of the Americas. To capture this spending data, survey respondents were asked questions about their spending on various spending categories, such as hotel rentals, car rentals, food and beverage spending, retail shopping, entertainment spending, etc. As seen in Table 7, the total spending at the event, including indirect and induced effects, should be close to $1.134 billion. 2024 F1 USGP Estimated Total Expenditures Direct Expenditures Indirect Expenditures Induced Expenditures Total Expenditures Sales & Use* $316,015,332 $209,267,534 $294,145,720 $819,428,586 Rental Car Hotel Title 5, ABC Mixed Beverage Total $11,817,922 $67,741,426 $38,482,192 $38,567,513 $2,755,399 $22,461,933 $16,056,756 $16,125,269 $4,608,510 $36,183,886 $30,217,030 $30,335,820 $19,181,831 $126,387,246 $84,755,978 $85,028,603 $472,624,384 $266,666,892 $395,490,967 $1,134,782,244 Table 7: Estimated direct, indirect and induced expenditures used to estimate incremental tax receipt increases due to 2024 event Sources: AE, COTA, IMPLAN * - Excludes airfare expenditures 2024 F1 US Grand Prix Economic Impact: MERP | 8 Concerts 1,247 COTA Operations 9,580 X Games 2,252 MotoGP 5,692 $148.9 IN TAX IMPACTS 2.6 MILLION HOTEL STAYS FORMULA 1 TOTAL ATTENDANCE Formula 1 59,047 83,187 Full-Time Equivalent Jobs Created or Supported 1.1 Million F1 Attendees 719,191 Came from Outside of Texas 150,000 100,000 50,000 0 Questions? John.Villarreal@thecircuit.com https://circuitoftheamericas.com/