With the famed streets of Monte Carlo witnessing one of their own lift the biggest trophy after ninety-three long years earlier in the season, it has been announced that Formula 1 cars will continue to race around the iconic Circuit de Monaco until at least 2031.
This deal is accompanied by a six-year extension to the existing agreement with the Automobile Club of Monaco (ACM) that runs through to the 2025 F1 season.
While the first Monaco Grand Prix took place back in 1929, the circuit became part of the first Formula 1 World Championship calendar in 1950 and has been present since 1955.
Regarded as one of the most glamorous sporting events worldwide, this Grand Prix weekend also delivers the ultimate test of concentration, prowess, and daring for the fastest drivers on the planet.
A part of the prestigious Triple Crown of Motorsport, it is the only Grand Prix that does not comply with the FIA’s mandated 305-kilometre (190-mile) minimum race distance for Formula 1 races.
Situated on the French Riviera, every F1 driver aspires to conquer the winding city streets of Monte Carlo as they navigate the slowest corner on the F1 circuit, the Loews Hairpin, and the iconic Sainte Devote, Rascasse, Swimming Pool, and Casino Square sections.
Along with legends of the sport such as Ayrton Senna, Alain Prost, Michael Schumacher, and Niki Lauda, five drivers of the current F1 grid have etched their names into the history of this 3.337 km circuit.
While Fernando Alonso, Lewis Hamilton, and Max Verstappen have emerged as multi-time winners, both Sergio Pérez and Charles Leclerc have climbed onto the top step of the podium once to date.
Hometown hero Leclerc, in particular, created history this year when he became the first-ever Monégasque driver to win the Monaco Grand Prix in the world championship era and the first since Louis Chiron in 1931, which was the third edition of the race.
With F1 amassing more popularity around the globe, the appeal of the historic Monaco Grand Prix continues to grow along with it.
As reported by F1, the 2024 race weekend was watched by a cumulative audience of over 70 million people. It also became the most watched edition of the race in US history and the third most-viewed F1 race of all time in the US.
Given Formula 1’s increased efforts to foreground sustainability, the Automobile Club of Monaco, in coordination with the Principality, has committed to the long-term objective of creating a calendar that promotes the reduction of carbon emissions generated by F1’s operations, events, logistics, and race cars.
In 2025, the Monaco Grand Prix will take place from May 23-25 and mark the 75th anniversary of the race’s official F1 debut. The event will undergo a change from 2026 and be contested on the first full weekend in June each year.
“I’m delighted that Formula 1 will continue to race in Monaco until 2031,” announced Stefano Domenicali, President and CEO of Formula 1.
“The streets of Monte Carlo are unique and a famous part of Formula 1, and the Monaco Grand Prix remains a race that all drivers dream of winning.
“I would like to extend a special thanks to H.S.H. Prince Albert II of Monaco, Michel Boeri, President of the Automobile Club of Monaco and everyone involved in the extension of this important partnership.
“This agreement signals a new era of partnership and innovation between Formula 1 and Monaco. It is the future focused leadership of H.S.H. Prince Albert II of Monaco which will allow us to create an optimised calendar, which reduces pressure on logistics, and to decrease the environmental impact of our global championship, as we continue the path towards our Net Zero goal by 2030.”
“I would particularly like to thank H.S.H. Prince Albert II of Monaco, Stefano Domenicali, and everyone involved in the extension of this contract,” the President of the Automobile Club of Monaco, Michel Boeri, further added.
“The signing of this new agreement with the Formula One Group until 2031 not only confirms the strength of our relationship but reaffirms our commitment to offering all visitors an unrivalled, first-class experience at race weekends.
“The Monaco Grand Prix is the most important sporting event here and continues to attract hundreds of thousands of spectators to the Principality and millions of global television viewers worldwide.”
