This weekend, hundreds of thousands of Formula 1 fans will descend upon Silverstone for the 75th edition of the British Grand Prix – but many are disgusted with continued price hikes.
According to ticket price data gathered by SafeBettingSites, the average cost of general admission tickets has risen by 123% since 2019.
For this study, SafeBettingSites researched the starting prices of general admission tickets for Friday, Saturday, Sunday and the full race weekend over the past five years and compared them with this year’s costs.
Key Data Points:
- On Average, General Admission tickets at Silverstone have risen by 123% since 2019
- Friday practice tickets saw the biggest jump, up a whopping 178% from £50 to £139
- Some 2024 tickets started cheaper than in 2023, but rose due to dynamic pricing
- Weekend tickets have almost doubled in price since 2019, from £180 to £349
The table below shows the cheapest available general admission tickets at the British Grand Prix over the past six years.
Formula 1 British Grand Prix Cheapest Ticket Prices (General Admission)
| Year | Friday | Saturday | Sunday | 3 Day Weekend |
| 2024 | £139* | £189* | £309* | £349* |
| 2023 | £169* | £209* | £299* | £341* |
| 2022 | £129 | £179 | £279 | £319 |
| 2021 | £99 | £149 | £185 | £200 |
| 2020 | £79 | £109 | £175 | £195 |
| 2019 | £50 | £95 | £140 | £180 |
*Dynamic pricing introduced in 2023
Ticket Price Rises Since 2019
- Friday: 178%
- Saturday: 99%
- Sunday: 121%
- Weekend: 94%
Average increase: 123%
Prices have essentially doubled at the very least across all four categories since 2019, despite the cost-of-living-crisis leaving many fans worse off than ever.
The biggest jump in price is for Friday practice tickets, which have risen from £50 in 2019 to £139 in 2024, though they were £169 last year.
The smallest percentage increase has been for weekend tickets, but even these have risen by 94% from £180 to £349 since 2019.
Over the same period, the Bank Of England’s Inflation Calculator shows prices would have only risen by 24% if they had kept in line with inflation.
Dynamic Pricing Causes Fury
Although some prices appear to have fallen since last year, the introduction of dynamic, ‘demand-based’ prices has meant many fans will pay well in excess of the initially listed price.
This is because Silverstone ticket prices now refresh ‘every 90 seconds’, with the increase in price dictated by the demand from would-be buyers.
Such pricing tactics have infuriated many fans, with those wanting priority access to the cheapest ticket prices having to fork out £99 for Silverstone membership on top of the race ticket cost.
Why Have Prices Risen?
With seven-time World Champion, Lewis Hamilton, publicly criticising the price hikes, organisers of the British Grand Prix have defended the increases.
Stuart Pringle, managing director of the British Grand Prix, argued price rises were inevitable in order to sustain the British Grand Prix and reinvest in Silverstone.
He told The Guardian: “The BRDC has always chosen to operate as a not-for-profit company. With an exception of a small percentage that goes toward the running costs of the club, 95% of the money gets reinvested.
“There are no dividends, it is reinvested into the site for the good of British motorsport, putting the profits we are making back into the fabric of Silverstone.”
British Grand Prix Among The Most Expensive In 2024
Compared to other races in this season’s calendar, Silverstone is near the top of the pricing charts. Of the 24 races, the British Grand Prix has the fifth-highest average price for a weekend ticket.
Average weekend tickets at the Chinese Grand Prix in Shanghai worked out at roughly £155, the cheapest of any circuit.
However, fans from overseas often struggle to get their hands on tickets due to high demand from locals, especially with Chinese driver Zhou Guanyu now racing with Stake F1 Kick Sauber.
Las Vegas has the most expensive tickets of any circuit, at an average price of £1,266 for the weekend.
