People watch as a recording of Mercedes driver Lewis Hamilton, of Britain, is projected onto a screen during a news conference announcing a 2023 Formula One Grand Prix auto race to be held in Las Vegas, Wednesday, March 30, 2022, in Las Vegas. (AP Photo/John Locher)

Greg Maffei, Liberty Media president and CEO, speaks beside Stefano Domenicali, president and CEO of Formula 1; Steve Hill, president and CEO of the Las Vegas Convention and Visitors Authority; and Michael Rapino, right, president and CEO of Live Nation Entertainment, during a news conference announcing a 2023 Formula One Grand Prix race to be held in the city, Wednesday, March 30, 2022, in Las Vegas. (AP Photo/John Locher)

A screen show Charles Leclerc driving a Ferrari, during a news conference announcing a 2023 Formula One Grand Prix auto race to be held in Las Vegas, Wednesday, March 30, 2022, in Las Vegas. (AP Photo/John Locher)

Stefano Domenicali, president and CEO of Formula 1, speaks during a news conference announcing a 2023 Formula One Grand Prix race for Las Vegas, Wednesday, March 30, 2022, in Las Vegas. (AP Photo/John Locher)