The huge cost each Formula 1 driver has pay to take part in 2023 season. The extraordinary cost every F1 driver must pay to compete in 2023.

Formula 1 drivers will have to pay an extraordinary bill just to take part in the 2023 championship. The regulation states that there is a standard fee of €10,400 (£9,148 / $11,047) per driver, alongside an additional €2,100 (£1,847 / $2,230) for each point scored by the drivers in the previous F1 campaign

As a result, Red Bull Racing driver Max Verstappen has to pay the staggering bill of more than $1m just to compete in the 2023 Formula 1 season.

Charles Leclerc will have to pay about $700,000, while his Maranello teammate Carlos Sainz about $600,000

Let’s take a look at how much each Formula drivers has to pay compete in 2023:
€963,800 (£847,809 / $1,023,256) Max Verstappen
€657,200 (£578,066 / $697,676) Charles Leclerc
€650,900 (£572,511 / $690,705) Sergio Perez
€587,900 (£517,199 / $623,853) George Russell
€527,000 (£463,622 / $559,228) Carlos Sainz
€514,400 (£452,524 / $545,742) Lewis Hamilton
€266,600 (£234,677 / $283,006) Lando Norris
€203,600 (£179,143 / $216,144) Esteban Ocon
€180,500 (£158,801 / $191,558) Fernando Alonso
€113,300 (£99,683 / $120,260) Valtteri Bottas
€58,700 (£51,640 / $62,293) Pierre Gasly
€48,200 (£42,405 / $51,166) Lance Stroll
€35,600 (£31,323 / $37,795) Yuki Tsunoda
€23,000 (£20,236 / $24,424) Guanyu Zhou
€18,800 (£16,527 / $19,963) Alex Albon
€14,600 (£12,853 / $15,503) Nyck de Vries
€10,400 (£9,142 / $11,043) Logan Sargeant
€10,400 (£9,142 / $11,043) Oscar Piastri
€10,400 (£9,142 / $11,043) Nico Hulkenberg

Show your support for Scuderia Ferrari with official merchandise collection! Click here to enter the F1 online Store and shop securely! And also get your F1 tickets for every race with VIP hospitality and unparalleled insider access. Click here for the best offers to support Charles and Carlos from the track!

Red Bull will also have to pay around £5m as a team to register for next season, almost more than double the cost Ferrari will pay, taking into consideration the points scored by the teams last year.

All Formula One sides will have to pay close attention to their revenue and expenses, especially after the F1 cost cap controversy from 2022, as Red Bull were found guilty of exceeding the budget limit, which has been changed for the following championship and will not include the salaries of Formula 1 drivers.