2. The Tickets Price
Each racing venue has different audience capacity. For F1 race, the average number of spectators is around 150,000 people. Let’s take a look at Formula 1 Grand Prix Monaco for detailed overview on F1 ticket expense.
The price ranges from $50 to $3,000. Or if you want to get as close as possible to the drivers and see what is going on in the pit stop closely, you need extra $6,300 for VIP paddock pass.
$6,300 is too expensive for a ticket to watch a race? You will be surprised to see that most of the tickets for F1 Monaco are sold out 47 days before the event.
Assuming the number of VIP spectators is 10% of the total numbers of spectator in one F1 race, the event collects approximately $100 million from the ticket revenues.
