How much money does the Indy 500 winner get?
The prize money for the premier event in world motor sport is unlikely to reach pre-covid levels, but continues to recuperate year on year
As the world gets back to normal following the upheaval of the covid years, crowd attendance and prize money for sporting events is slowly clawing its way back. Not yet to the expected pre-pandemic levels, the increase in the payday for the winning drivers should be substantial nonetheless.
While the Indianapolis 500 might be one of the giants of the racing world in terms of prestige, as a single event, it is a long way off the levels set by Formula One. However the total purse to be divided by the field is expected to be in the region of $10 million for 2022.
The purse is allocated using a complicated set of formulas, including the final placement, the number of laps completed, the number of laps led, and sponsorship income, so there is no guarantee that the top finishers will take the lion’s share of the pot.
Pre-pandemic, the winner’s share reached $2.4 million, a figure that Indy is unlikely to reach again for some time. But with increased ticket sales in 2022, the estimates are that the top prize will be in the $2 million ball park.
The full purse available hasn’t been made public, and in fact won’t be announced until after the race is over, but it is unlikely to reach 2019′s high of $13 million. With the grandstands nearly sold out, hopes are high that there will be good news for the drivers at the checkered flag.