F1 – Austin

F1 weekend in Austin is fast approaching.  To date, the definitive study for the economic impact of F1 on the Austin economy as been performed by Dr. Hoyte of TexasEconomicImpact.com

In total, Dr. Hoyte estimates that out‐of‐state fan spending is expected to reach $201 on the Formula One event. .. he estimates
that this level of direct event spending will generate $11.6 million in tax revenues from the gain
to the state under the applicable taxes allowed to be deposited into the Major Event Trust Fund
in support of this event.