Between 2021 and 2024, the global interest in this series rose by 5.7%, roughly adding another 50 million fans, making Formula 1 a rapidly expanding sport globally.
On the topic of why Formula 1 still fascinates viewers worldwide there are a multitude of reasons but if you follow the sport, you can take your F1 gaming up a level withBet at Vulkan Bet.
The thrill of speed and technology
Formula 1 cars are often represented as rockets on wheels. These machines break out in circles on the track at impressive speeds, easily hitting 200 mph, and sometimes even more. F1 cars are unique and product of modern engineering, filled with advanced technology that pushes the boundaries of what’s possible on four wheels.
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Constant innovation
Formula 1 teams work continuously to design faster cars that are, lighter, and more environmentally friendly each year. The race isn’t just on the track; it’s also in the vast team factories and compounds where brilliant minds push the limits of engineering, combined powers, and extreme design.
This continuous drive for creation makes every season unpredictable. Fans are always on edge, waiting with baited breath to see what new upgrades and strategies the 10 teams will develop and reveal on race day.
This is the uncertainty that makes the sport so attractive, and it’s also what makes fans want tobet at Vulkan Bet and test their racing feelings.
International attractions and global venues
Another essential element behind the never-ending popularity of Formula 1 is its almost total presence around the world. This global tour not only presents outstanding and thrilling destinations but it also takes the excitement of F1 to fans around the world in different cultures and regions.
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Racing teams face money challenges in Formula 1
One of the key differentiators over the past few years is how Formula 1, in a highly charged racing environment, has dramatically transformed. A key change is the way that teams are now performing financially. Let’s explain this to you in a simpler way.
As Formula 1 gained more and more popularity, and the number of grands prix have increased to the current 24 race calendar, it also got more expensive for teams to successfully run their operations. They need finance for many other things:
- Designing and building faster, better cars
- Paying the staff salaries with some teams employing over 1,000 people
- Shifting freight and equipment to 20 different countries each year
- Flying staff to all the races all around the world with some teams having three separate flyaway teams
To find these budgets, teams now have vast commercial departments constantly looking and signing news sponsors and partners. They look for businesses that not just want to see their logos on the race cars but also business that can support them technically and commercially.
And this has now allowed all 10 teams, along with the budget cap of circa $140m a year for each team, to start actually making a profit so that they can invest in their futures. For the first time Formula 1 is now a true business and no longer something that just costs rich investors’ money on a vanity project.
Conclusion
Formula 1’s continuing acceptance is possible thanks to a unique combination of speed, technology, human drama, and worldwide need; oh, and a little of “Netflix’s Driver to Survive”. The sport is constantly moving with the times and developing to be an exciting and powerful game that not only captures the minds of millions but is also the focus of the sport’s development. But whether you are a hardened dedicated fan long supporting “your” team or if you are a new kid in the world of Formula 1, something is always happening in the unbelievably energetic universe of F1.
