Ticket and hotel prices in Las Vegas are dropping significantly as the city prepares to host its first Formula 1 Grand Prix race in 40 years. The excitement for the event has diminished in recent weeks, partly due to Max Verstappen winning the championship title in Qatar. As a result, ticket prices have fallen by 35% in the past month, with the average price for grandstand seats dropping from $1,645 to $1,060. Prices for practice and qualifying races have also decreased dramatically. Despite the decrease in prices, the event has not reached the record-high prices of the F1 race in Miami. The placement of the stands and track on the Las Vegas Strip has made parts of the area unrecognizable, potentially contributing to the decreased excitement. However, the lower prices present an affordable opportunity for F1 fans and visitors to attend a major event. Hotel room prices have also fallen by about 24% in the past month. Despite the lower prices, some hotels are offering F1-themed packages. Sponsors, such as Heineken, see this as an opportunity to promote their brand. Las Vegas is the third city in the US to host an F1 race, following Miami and Austin. The race is expected to generate $1.3 billion and is considered the largest special event in Las Vegas history.
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