What is the estimated increase in customer supply of funds to buy broadband that could result from the infrastructure bill for Charter and GCI? 
 & Chief Executive Officer, Liberty Media Corporation
So, touching first on the infrastructure bill, I think we're full on LBRD questions in a way that today already in the LMC call but that's right, We'll -- I think there are some opportunities that will arise. Most of them are going to rise at Charter for GCI and if you look at our businesses, I don't think we're going to see a massive change at Siri, I guess, if you think about greater connectivity in general that's probably a plus for our 360-L but it's on the margin. It's not like a massive opportunity, I think in and of itself it's a continuation or acceleration of ongoing trend. The rest of the business is Formula 1, the Braves, not as Live Nation, not as obvious to me how the infrastructure bill is helpful. Obviously, Broadband and Charter and GCI, there are both opportunities there in terms of increasing customer supply of funds to buy broadband, increasing money around broadband, probably helping us extend some of our broadband footprint but there are also some threats there were new entrants, may be encourage.
So pluses gives and takes in that bill, I would say, from the perspective of Charter and GCI could have been far worse for some of the initial proposals. I think the ones in terms of the threat level, are way down from what might have been initially proposed about preferences for fiber over co-ax, preferences for over build, preferences for Muni's -- Munibuild, all of those things are muted compared to what might have been.
Stefano Domenicali -- President & Chief Executive Officer
If I may, Bryan on your question with regards to betting. First of all, we don't have to forget that we have already more partner whose money get back that we are working together. But as you know even the area of betting is an area with a lot these should be depending on the region of the country and we need to make sure that everything is really clear on that side. For sure it's a big opportunity that could be explored in the future, so once again work in progress to make sure that the next step of our partners will be the right one, in terms of dimension opportunity that could be good for our sport.
Bryan Kraft -- Deutsche Bank -- Analyst
Okay. Thank you.
Operator
Up next, we'll hear from David Karnovsky with J.P. Morgan. Please go ahead.
David Karnovsky -- J.P. Morgan -- Analyst
Hi, thank you. On Formula 1, Stefano, can you discuss in more detail your take-away's on the Sprint race format, both in terms of how you think it was received by the fans, but also by our partners on the race promotion and television side and I think you mentioned maybe expanding the format next year. Any sense for how many races you could roll this out to? And then maybe one for Greg, you mentioned good progress on Almac. I know you're somewhat limited in what you can say on this, but is there any more color you can provide on it or your position in the SPAC market overall? Thanks.
Stefano Domenicali -- President & Chief Executive Officer
Thanks, David for the question. Well, first of all, when we talk about the Sprint format, the idea was to offer something different in order to make sure that was something new that we can offer to all the stakeholders in Formula 1. We have the -- said that we wanted to do three -- three tests, one has been done in Silverstone, the other one would be in Monza and the other one will be at the end of the season in Brazil. At the end of this complete test, we're going to have a plan in order to see what will be the next step. What I can really say is that, after the first Sprint event in Silverstone, the response that we have both from the drivers from the teams, the media has been really positive. And also for the promoter, because if you think that every day we had something new to say. People come out and check on Friday, early June for the first qualifier on Friday. So the outcome of the first event has been dramatically positive, if I may say. And it's great because that's growth attention, interest TV and also partners, because thanks to that, we have built in
 & Chief Executive Officer, Liberty Media Corporation
So, touching first on the infrastructure bill, I think we're full on LBRD questions in a way that today already in the LMC call but that's right, We'll -- I think there are some opportunities that will arise. Most of them are going to rise at Charter for GCI and if you look at our businesses, I don't think we're going to see a massive change at Siri, I guess, if you think about greater connectivity in general that's probably a plus for our 360-L but it's on the margin. It's not like a massive opportunity, I think in and of itself it's a continuation or acceleration of ongoing trend. The rest of the business is Formula 1, the Braves, not as Live Nation, not as obvious to me how the infrastructure bill is helpful. Obviously, Broadband and Charter and GCI, there are both opportunities there in terms of increasing customer supply of funds to buy broadband, increasing money around broadband, probably helping us extend some of our broadband footprint but there are also some threats there were new entrants, may be encourage.
So pluses gives and takes in that bill, I would say, from the perspective of Charter and GCI could have been far worse for some of the initial proposals. I think the ones in terms of the threat level, are way down from what might have been initially proposed about preferences for fiber over co-ax, preferences for over build, preferences for Muni's -- Munibuild, all of those things are muted compared to what might have been.
Stefano Domenicali -- President & Chief Executive Officer
If I may, Bryan on your question with regards to betting. First of all, we don't have to forget that we have already more partner whose money get back that we are working together. But as you know even the area of betting is an area with a lot these should be depending on the region of the country and we need to make sure that everything is really clear on that side. For sure it's a big opportunity that could be explored in the future, so once again work in progress to make sure that the next step of our partners will be the right one, in terms of dimension opportunity that could be good for our sport.
Bryan Kraft -- Deutsche Bank -- Analyst
Okay. Thank you.
Operator
Up next, we'll hear from David Karnovsky with J.P. Morgan. Please go ahead.
David Karnovsky -- J.P. Morgan -- Analyst 
Hi, thank you. On Formula 1, Stefano, can you discuss in more detail your take-away's on the Sprint race format, both in terms of how you think it was received by the fans, but also by our partners on the race promotion and television side and I think you mentioned maybe expanding the format next year. Any sense for how many races you could roll this out to? And then maybe one for Greg, you mentioned good progress on Almac. I know you're somewhat limited in what you can say on this, but is there any more color you can provide on it or your position in the SPAC market overall? Thanks.
Stefano Domenicali -- President & Chief Executive Officer
Thanks, David for the question. Well, first of all, when we talk about the Sprint format, the idea was to offer something different in order to make sure that was something new that we can offer to all the stakeholders in Formula 1. We have the -- said that we wanted to do three -- three tests, one has been done in Silverstone, the other one would be in Monza and the other one will be at the end of the season in Brazil. At the end of this complete test, we're going to have a plan in order to see what will be the next step. What I can really say is that, after the first Sprint event in Silverstone, the response that we have both from the drivers from the teams, the media has been really positive. And also for the promoter, because if you think that every day we had something new to say. People come out and check on Friday, early June for the first qualifier on Friday. So the outcome of the first event has been dramatically positive, if I may say. And it's great because that's growth attention, interest TV and also partners, because thanks to that, we have built in