The 2022 edition of the F1 Belgian Grand Prix at Spa brought in €42 million to the region of Wallonia, a significant rise over 2017's of €20.52 million, as figures released by Deloitte have shown.
The Belgian state has also received an additional €55 million in economic spin-offs from this year's Grand Prix, compared to over €29 million in 2017.
In addition, the race in 2022 resulted in the Federal Government recouping €5.33 million in tax revenue this year.
These increases might be attributed to a worldwide rise in viewership as a result of the popularity of the Netflix series 'Formula 1: Drive to Survive,' with a Morning Consult study finding that more than half of American F1 viewers said the series factored into them becoming a fan of a sport.
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However, the Grand Prix itself remains in deficit, with this year's edition losing €5.7 million, with Wallonia needing to pay out almost €81 million to erase the F1 GP's losses at Francorchamps since 2007.
Organisers will therefore be hoping to finally make a profit in 2023 after next year's race was finally announced following doubts over its future on the F1 circuit.
