COTA joined the calendar in 2012 and has been ever-present since with the popular Tilke-built circuit combining fan-favourite circuits such as Silverstone and Istanbul Park.

The 2021 US Grand Prix was a landmark event for F1 with a record-breaking attendance of 400,000 spectators.

F1 has been on the rise in the United States in recent years with the success of the Austin races and Netflix documentary Drive to Survive attracting new fans.

F1 will head to Miami for the first time in May, while the sport is keen on a third race in the US with Las Vegas a potential destination.

Speaking of the news, F1 CEO Stefano Domenicali said: “We are thrilled to be announcing the extension with the Circuit of The Americas ahead of the exciting new 2022 season. I want to thank the promoter for their ongoing dedication and enthusiasm for Formula 1 where together we are continuing to grow the excitement around our sport in the US following the huge success of Netflix, the work of ESPN, and the incredible season we had in 2021.

“Austin is a great city, and the track is a favourite for all the drivers, and we cannot wait to be back in October for more action and entertainment.”

Bobby Epstein, promoter for COTA, added: “The Formula 1 United States Grand Prix has become one of the biggest and greatest events in the world. We are extremely proud it has found a home in Texas - at Circuit of The Americas – and are grateful to the millions of fans who visited us over our first decade.

“We knew Austin, along with our neighbours in San Antonio and beyond, would be welcoming hosts – and they proved it! Thanks to everyone in the Formula 1 community for supporting our endeavours and rewarding our hard work. We are glad to have renewed our commitments and look forward to many more years of World Championship racing, entertainment, and fun.”