In August 2009, Formula One president Bernie Ecclestone remarked that there was no immediate plan to return Formula One to the US, vowing "never to return" to Indianapolis. Nevertheless, shortly before the first race of the 2010 season, Ecclestone continued to fuel speculation that a return to Indianapolis was not out of the question. In March 2010, Ecclestone announced plans to bring a Formula One race to New York City for the 2012 season. Ecclestone was quoted as saying the race would take place across the Hudson River in New Jersey, with the Manhattan skyline overlooking the circuit. In May 2010, plans emerged for a circuit to be built in Jersey City's Liberty State Park, but those plans were abandoned shortly thereafter. A race in West New York and Weehawken was later announced in October 2011. In May 2010, it was announced that Monticello Motor Club – a circuit complex modeled on a private country club near Monticello – had submitted a bid for the rights to host the race.


2012 US Grand Prix at Circuit of the Americas (COTA), Austin
On 25 May 2010, Austin, Texas, was awarded the race on a ten-year contract, as Ecclestone and event promoter Full Throttle Productions agreed to a deal beginning in 2012. The event is being held on a purpose-built new track, which was named Circuit of the Americas. German architect and track designer Hermann Tilke designed the new track on 800 acres (320 ha) of land to the east of the city. In July 2010, promoter Tavo Hellmund promised that the circuit would be one of the "most challenging and spectacular in the world" and that it would include a selection of corner sequences inspired by "the very best circuits" in the world.

On 15 November 2011, it was reported that construction of the circuit had been temporarily halted as the owners had not yet been awarded the contract to stage the race in 2012, following reports that Bernie Ecclestone had cast doubt on the race taking place. After Tavo Hellmund's contract was found in breach by Ecclestone and a new contract was entered into between Formula 1 and the original track investors, Red McCombs and Bobby Epstein, the U.S. Grand Prix was confirmed to be held at the Circuit of the Americas in Austin on the original scheduled date in 2012. Reining champion Sebastian Vettel took pole for the 1st race at the Texas circuit but it was 2007 winner Lewis Hamilton who kept his unbeaten run in the USA as the two finished almost 40 seconds ahead of 3rd.

The Grand Prix in Austin has proven to be a considerable success, thanks to the Texas capital's growing reputation as a center of music and culture, its friendly, mannerly citizens and unique atmosphere during the race weekend. It has been lauded from all quarters of Formula One.

Another American race was scheduled for the 2014 season alongside the United States Grand Prix called the Grand Prix of America, which was to be held on a 3.2-mile (5.2 km) street circuit in West New York and Weehawken, New Jersey. The circuit is located right next to the New York State/New Jersey border, New York City's Manhattan borough skyline and the Hudson River. The organizers signed a 10-year contract with Formula One Management, and it was originally on the 2013 calendar, however due to financial and preparation problems it was taken off the 2013 and 2014 calendar and is now rescheduled for the 2015 season onwards.