How Much Does Monaco Pay To Host F1?

• Monaco’s hosting fee roughly doubled in a November 2024 contract renewal, from about $15 million a year to roughly $27 to $30 million.
• Even after that increase, Monaco pays far less than most of the calendar. Saudi Arabia and Bahrain each pay well over $50 million a year.
• Monaco’s own government has put a figure on what the race is worth locally: €90 million in economic impact over four days, according to an official study.

What Monaco Actually Pays To Stay On The F1 Calendar

How much does Monaco pay to host F1? Under the contract signed in November 2024, Monaco pays Formula 1 roughly €25 million a year, reported at approximately $27 to $30 million, to host the Monaco Grand Prix. That is still one of the lowest hosting fees on the calendar, but it is close to double what Monaco paid before that deal.

Why Does Monaco Pay Less Than Other Circuits?

Monaco has been part of the world championship since 1950, longer than any other circuit still on the calendar, and Formula 1 has never treated it like a normal promoter relationship. Prince Albert II has said as much directly: “Bernie was well aware what Monaco grand prix brought to formula one… He always took care of us, but he still made us pay what he reckoned was the right amount,” referring to former F1 boss Bernie Ecclestone, who is widely credited with deliberately undercharging Monaco relative to its value to the sport.

The Circuit de Monaco also costs less to run than a purpose-built street track. It uses Monte Carlo’s public roads with semi-permanent barriers and infrastructure that only need minor adjustment each year, organised by the Automobile Club de Monaco with support from the principality’s government, rather than the temporary construction that newer street races have to rebuild from scratch.

How Much Does Monaco Pay To Host F1 Now Compared To Before?

Before the November 2024 renewal, Monaco was paying around €12 million a year, roughly $15 million. Formula 1’s owner, Liberty Media, had been pushing for an increase as part of renewing the deal beyond 2025, pointing to Bahrain, Saudi Arabia and Azerbaijan all paying north of $50 million.

The new agreement roughly doubled Monaco’s fee to about €25 million and initially extended the race through 2031. A further extension announced afterwards took the contract out to 2035. Prince Albert II called the renewal being “in keeping with a sporting and historical tradition to which the Principality remains deeply attached,” while F1 chairman Stefano Domenicali confirmed the race would continue at its usual date on the calendar, with one change: from 2026 the Grand Prix moves from its traditional late May slot to the first full weekend of June each year, a shift F1 has attributed to calendar scheduling rather than anything specific to Monaco.

What Does Monaco Get For Its Money?

Monaco’s own statistics office, IMSEE, studied the economic impact of the 2017 Grand Prix specifically and put the total at €90 million over the four day event, split between €21.7 million in direct spending and €68.3 million in indirect benefits. The office described this as a minimum estimate, since it excluded visitors arriving outside the event’s exact four day window.

Hotel data backs up the scale of that spending. Benchmarking firm STR recorded Monaco hotel rates peaking at an average of €3,545 a night during Grand Prix week in May 2025, with occupancy hitting 96.7% on the event’s busiest day, both records for the market. Between 200,000 and 260,000 people typically attend across the four days, in a principality with a resident population of around 39,000.

How Does Monaco’s Fee Compare To Other Circuits?

Even after doubling, Monaco’s fee remains well below what most of the calendar pays. Saudi Arabia pays Formula 1 an estimated $55 million a year to host its race at Jeddah, and Bahrain pays close to $52 million, both roughly double Monaco’s new figure and more than three times its old one.

That gap is unlikely to close completely. Monaco’s leverage comes from being the one round on the calendar Formula 1 has never seriously threatened to drop, not from matching what newer venues pay to join it in the first place.

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Monaco GP Contract FAQs

Sources

• F1 doubled Monaco GP race fee for 2031 extension – Nextgen-Auto
• IMSEE highlights economic benefits of 2017 Formula 1 Grand Prix – Government of Monaco
• Grand Prix drove Monaco hotel rates to record high – STR/CoStar

Article reviewed and updated by Jack Renn, May 2026.

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Written by

Jack Renn

Jack Renn is an editor at F1 Chronicle and a veteran motorsport journalist with 25 years of experience covering Formula 1 and international motorsport. A member of the Association Internationale de la Presse Sportive (AIPS), the global body representing accredited sports journalists, Jack has spent his career reporting from paddocks and press rooms across the F1 calendar. His work spans race analysis, technical insight, and in-depth features, giving readers authoritative coverage grounded in decades of firsthand experience at the highest level of the sport.

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