Formula 1 will be heading to Las Vegas from 2023 after a new deal, worth a reported £1billion, was announced - and Lewis Hamilton can't wait.

"It's a real party city," the Mercedes driver laughed. "It's really difficult for a racing driver - how am I going to focus that weekend? There's going to be so much going on."

The Las Vegas Grand Prix will be added to the F1 calendar from 2021

Meanwhile former teammate Valtteri Bottas is hoping to clean up his act, joking: "I might need to behave better than I did last time."

The Las Vegas Grand Prix, which will be the third race in the USA, will include a portion of the famous Nevada resort city's Strip.

It is anticipated that the race will be staged in the the second half of November, possibly to coincide with Thanksgiving weekend in America, and could start as late as 10pm local time - 6am the following day in the UK.

The race will also defer from recent F1 tradition by taking place on a Saturday.

The announcement was greeted with joy from some of the drivers in a video on instagram.

Pierre Gasly queried: "Are we going to take that main [road]?"

The layout in Las Vegas will take drivers down the iconic strip

Will Hamilton and Verstappen rival each other in Las Vegas?

And when told they would, he replied with bright eyes: "No. That's going to be insane! Wow."

"That's crazy. I think we'll find a few drivers in the casinos then - me being one of them," laughed Mick Schumacher.

"This is an incredible moment for Formula 1 that demonstrates the huge appeal and growth of our sport with a third race in the US," said F1 CEO Stefano Domenicali, who joined Liberty Media president and CEO Greg Maffei in Las Vegas for Wednesday's announcement.

The Las Vegas circuit promises to be breath-taking

"Las Vegas is a destination known around the world for its excitement, hospitality, thrills, and of course, the famous Strip.

"There is no better place for Formula One to race than in the global entertainment capital of the world and we cannot wait to be here next year."

In an unusual step, F1 and Liberty Media, rather than a local organiser, will promote the Grand Prix with American global entertainment company Live Nation.

Domenicali is bringing a third F1 race to the USA

Maffei said: "Iconic Las Vegas and Formula One, the pinnacle of motorsport, is the perfect marriage of speed and glamour.

"Our confidence in this unique opportunity is evident in our decision to assume the promoter role for the Las Vegas Grand Prix in partnership with Live Nation. We could not be more excited to work with our local partners to create a marquee event.

"The potential of Formula One has been well demonstrated over the last several seasons and the Las Vegas GP will only take it to the next level."

The Daily Mail report that the deal could be worth as much as £1billion over 10 years.

The 3.8-mile street circuit will race against the backdrop of the city's famous skyline - including Caesars Palace, the Bellagio fountains and the Eiffel Tower - while taking in three main straights and 14 corners with a top speed of 212 mph.

The 50-lap race will be the third staged in America, joining Austin and Miami. The latter makes its debut on the F1 calendar at the Hard Rock Stadium on May 8.