Formula 1 will race in Las Vegas from 2023, adding a third event in the United States to the calendar.
The Grand Prix will take place on a Saturday night in November, with the city's famous Las Vegas Strip incorporated into the circuit layout.
F1 and Liberty Media say they will work together to promote the event in partnership with Live Nation Entertainment and the Las Vegas Convention and Visitors Authority, as well as a number of the city's biggest entertainment brands.
It will be the first time that F1 has raced in Las Vegas since 1982, when the short-lived Caesars Palace Grand Prix was last held.
Las Vegas will be the backdrop for third US race
The street track will stretch 3.8-miles (6.12-kilometres) in length and include 14 corners, racing past landmarks such as the MSG Sphere arena, Paris Las Vegas resort and Caesars Palace hotel.
The initial circuit plans include a back straight that runs along the Las Vegas Strip from Sands Avenue to Tropicana Avenue, two streets that are 1.7 miles (2.8 kilometres) apart.
The race will be 50 laps in length and held on a Saturday night, under the lights, in a yet-to-be-confirmed November slot.
Viewed by others:
F1 continues to grow across America
The addition of a third US race to the calendar comes with American interest growing in F1.
According to figures recently published by American broadcaster CNBC, the season-opening 2022 Bahrain Grand Prix lured in more than one million US viewers, which surpassed any F1 race shown on cable TV since 1995.
Greg Maffei, Liberty Media President and CEO, said of the sport's latest deal: "Iconic Las Vegas and Formula 1, the pinnacle of motorsport, is the perfect marriage of speed and glamour.
"We could not be more excited to work with our local partners to create a marquee event.
"The potential of Formula 1 has been well demonstrated over the last several seasons and the Las Vegas GP will only take it to the next level."
Fourth race in US could soon be added
In the long-term, as previously reported by RacingNews365.com, it is understood that F1's commercial rights holders, Liberty Media, want four races in the US.
The plan is to hold one race on the east coast (Miami), one in the heart of the country (Austin), one further west (Las Vegas) and another on the west coast (most likely in Long Beach).
The US last hosted three races in a season back in 1982, with visits to Long Beach, Detroit and Caesars Palace.
F1 Podcast: Can anyone stop the Verstappen/Leclerc show?
RacingNews365.com F1 journalists Dieter Rencken,
Mike Seymour, and Thomas Maher look back over the Saudi Arabia Grand Prix in Jeddah, which was won in dramatic fashion by Red Bull's Max Verstappen.