The previous F1 season has been to say the least an incredibly remarkable year for the globally loved sport. Max Verstappen successfully took home the championship title with an incredible record-breaking performance. This event was considered to be a historical one especially for F1 fans as they tuned in from all around the world increasing F1s global audience and also improving statistics from previous seasons.
F1 has experienced tremendous growth in the world of betting, as global audiences are continuing to grow worldwide, so has participation and interest in F1 betting, a calculation done in industry figures has shown that a 500% growth has risen compared to previous seasons, this growth has mostly occurred to Verstappen’s incredible performance and also including the newly introduced engine formula with new tracks added to the F1 calendar.
F1 betting is not the only thing that has seen incredible improvement, overall f1 has increased tremendously in the previous season increasing its global audience by 15%, which has benefited the sport without a doubt as it indicates that it continues to attract new audiences internationally.
Countries such as the United States have increased their F1 viewership by an incredible 30% increase in audience, While China being one of their most critical markets for the sport had an increase of 20% in viewerships. These increases in viewership show that F1s efforts to increase their participation in new markets have certainly been effective.
The reasons for this continuous growth include F1s new engine formula and the introduction of new tracks that has left a positive response on fans expressing their excitement over the sport taking a new route towards a sustainable future.
Although F1 has seen incredible positive feedback it has also gone through some rough patches throughout the seasons, as Covid 19 had an incredibly negative impact on the sport causing events to be postponed due to safety measures, which has impacted its revenue and even disappointing fans expecting to attend the races in person.
Despite these previous challenges F1 has recovered tremendously with an even more passionate fan base and growing betting activity, as viewers are eager to engage in the sport by either placing bets on their favourite driver or just tuning in to watch the races, F1 viewers are passionately engaging more than ever and continue to keep doing so.
Overall the previous F1 seasons is known to be a historic one without a doubt, with Max Verstappen’s incredible record-breaking win catching the attention of viewers globally, which has not only gained viewership but also given the sport of racing a bigger name allowing it to incorporate modern developments regarding the environment which shows how the sport is a thriving industry that continues to come up with beneficial ideas not only for itself but for the world itself promoting positive lifestyles to its new fan bases, it is certainly an industry that shows no signs of disappointing loyal fans, overall having a bright future ahead.