The Monaco Grand Prix is generally not one of the most exciting F1 races on offer, due to severe limitations on cars’ ability to overtake. (Rudy Carezzevoli/Getty Images)

Through a renewed six-year hosting deal, Formula 1 (F1) motor racing action will continue to take place in Monaco, one of the series’ most iconic and historic locations, through 2031.

A new long-term hosting rights extension has been unveiled today between F1 and the Automobile Club of Monaco (ACM), coming on top of the current deal between the two parties that was set to expire following the 2025 season.

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Next year, the Monaco Grand Prix (the 75th anniversary of that race's debut) will take place between May 23 and 25, while from 2026 onwards the iconic event will be held across the first full weekend of June each year – a departure from its traditional late-May slot, albeit one that means the race will no longer clash with the Indianapolis 500 IndyCar race in the US, another prestigious motor racing event.

Monaco has hosted F1 action since 1950 and has been an ever-present circuit on the calendar since 1955.

The most recent contract extension was signed in 2022, running through next year's campaign.

It has been reported that this latest deal will see the ACM fork out a significantly larger hosting fee.

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F1 has said that the 2024 edition of the race – won by Ferrari’s Charles Leclerc (originally from the principality) – was watched by a cumulative audience of over 70 million.

The series has said the race moving a few weeks back from 2026 onwards is part of the overall desire “to create a calendar which is sustainable for all stakeholders.”

Other F1 locations with contracts currently set to expire after 2025 include Spa-Francorchamps in Belgium, Monza and Imola in Italy, Mexico City, Zandvoort in the Netherlands, and Las Vegas in the US.

While the last few years – with F1 cars growing steadily larger, and overtaking opportunities on Monaco's tight course having significantly decreased – have led to multiple calls for the circuit to be altered, the layout is not expected to change for the next seven years, it has been reported.

Through a deal from earlier this year between F1 and LVMH, Tag Heuer will take over from Rolex as the official timekeeping partner of the series next season – Tag Heuer is already a long-term partner of the Monaco Grand Prix.

The 2024 F1 season has three races left, with the Las Vegas Grand Prix coming up on November 24.

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