by Donald Wood
Last updated: 11:57 AM ET, Fri March 10, 2017
Las Vegas tourism officials announced Wednesday that the city would host a second NASCAR Monster Energy Cup Series race at Las Vegas Motor Speedway starting in 2018.
According to the Las Vegas Sun, the Las Vegas Convention and Visitors Authority board of directors has approved a race sponsorship agreement with Las Vegas Motor Speedway and will now host a second race each year from NASCAR's top-tier series.
The second Las Vegas race will replace one of the two races New Hampshire Motor Speedway hosted each year. The second Las Vegas race is now scheduled to take place in September and will feature all three major NASCAR series, creating a triple-header weekend.
"Las Vegas and Las Vegas Motor Speedway have become great destinations for NASCAR fans," NASCAR executive vice president Steve O'Donnell told the Las Vegas Sun. "The experience is unique to any other in our sport. We look forward to having NASCAR racing there for two race weekends in 2018."
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The sponsorship deal is worth $2.5 million per year for seven years, with an option to extend the agreement three years. The Las Vegas Convention and Visitors Authority will pay $1 million per race and commit to spending $500,000 annually to market both races.
Tourism officials reported the 2016 race in Las Vegas drew more than 96,000 visitors and had an economic impact of more than $139 million. The addition of a second race is the culmination of six years' effort to bring NASCAR's top series to Sin City twice a year.
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