The Sauber Formula 1 team has announced a partnership with gambling provider Stake for a 2-year period. Starting from the next racing season, the team will be renamed to Stake F1 Team. Stake secured exclusive naming rights for the team for the 2024 and 2025 racing seasons. Stake is proud to have experienced drivers Valtteri Bottas and Zhou Guanyu on board. The partnership was announced by Canadian rapper Drake, who is a prominent face and partner of Stake.

Stake’s Ambitious Goals in Formula 1

Stake aims to achieve better racing results in the next two years and eventually become the official works team of Audi in 2026. However, their sponsorship by a crypto online casino has raised concerns about the environmental impact of crypto mining, which requires high energy consumption and contributes to electronic waste.

Rising Gambling Revenues from F1 Grand Prix in Nevada

Before the start of the Formula 1 race in Las Vegas, there was increased promotion. Red Bull Racing’s promotional video featuring driver Sergio Perez driving through a casino led to a 12% increase in gambling revenues in Nevada in November 2023. The state’s casinos generated around 1.37 billion USD in revenue during the Las Vegas Grand Prix from 16th to 18th November, attracting approximately 100,000 Formula 1 fans.

Overall, the content has been rewritten and restructured to enhance clarity and reduce its length. The information provided has been retained and presented in a more concise manner.