The race weekend is scheduled to take place from November 20 to 22 this year and public sales are set to open on April 9.
The $50 day ticket will allow entry to the practice session, while a ticket to just the qualifying day is priced at $100 and the Grand Prix day pass is $300.
Fans can also buy three-day tickets for $400.
This is cheaper than last year’s prices which had day tickets starting at $99 and three-day passes at $600.
“Our goal has always been to create a world-class event for every fan, and that commitment is stronger than ever in 2025,” said Emily Prazer, president and chief executive of Las Vegas Grand Prix.
“With two years of feedback in hand from fans and stakeholders, we are dedicated to making the Las Vegas Grand Prix more accessible to a wider audience by expanding affordable ticket options, introducing flexible payment plans and offering the best value to early ticket purchasers – all while ensuring an unforgettable experience at every level.”
The drop in prices came after a “disappointing” ticketing performance in last year’s edition.
Chief accounting officer of Liberty Media, which owns F1, Brian Wendling admitted to investors that the race weekend missed its target for ticket sales.
F1 has invested heavily into the Las Vegas Grand Prix, spending nearly $300m (£232m/€277m) on purchasing and developing land in the city to host the event.
The championship originally announced a three-year deal to race on the Las Vegas Strip Circuit, which expires this year. However, the local government has granted permission to continue racing in the city until 2032.