The Indianapolis 500 purse record was shattered for the second year in a row after a monumentally successful 107th running of the Indianapolis 500, with race winner Josef Newgarden (photo) of Team Penske earning $3.666 million from the total purse of $17,021,500.
After record-breaking payouts in 2022, this is the largest purse and largest winner’s payout in the century-plus history of “The Greatest Spectacle in Racing.” The year’s average payout for NTT Indycar Series drivers was $500,600, which also exceeds last year’s average of $485,000.
In 2022, the Indianapolis 500 purse was $16,000,200 and the year’s winner payout was $3.1 million. Prior to 2022, the largest Indianapolis 500 purse was $14.4 million for the 2008 Indianapolis 500.
Second-place finisher Marcus Ericsson of Chip Ganassi Racing took home $1.043 million, exceeding the take-home prize for last year’s second-place finisher.
“This is the greatest race in the world, and it was an especially monumental month of May featuring packed grandstands and intense on-track action,” Penske Entertainment President and CEO Mark Miles said. “Now, we have the best end card possible for the 107th running of the Indianapolis 500: a record-breaking purse for the history books.”
The month of May was full of major milestones as Indianapolis Motor Speedway welcomed more than 330,000 fans to the Racing Capital of the World for Sunday’s race, making it the second-largest Indianapolis 500 crowd in more than two decades.
A.J. Foyt Enterprises’ Benjamin Pedersen earned Indianapolis 500 Rookie of the Year honors for his performance during the month. Pedersen earned a $50,000 bonus for being named Rookie of the Year, adding to a take-home prize of $215,300.
Renew Tickets for 2024
Fans can renew or upgrade their Indy 500 tickets at ims.com/review, by calling 317-492-6700 or by visiting the Indianapolis Motor Speedway Ticket Office. The renewal window will continue through June 20.
These are the best prices of the year for renewals and upgrades. Prices will increase when tickets go on sale this fall, and again in 2024 before each event.
“More than 325,000 fans filled IMS on Indianapolis 500 Race Day for the biggest and most memorable celebration of all that is May,” said IMS President J. Douglas Boles. “Whether 2023 was your first trip to IMS or your 50th, we encourage you to renew or request an upgrade for seats by June 20 to reserve their spots for next year for another great celebration of speed and tradition.”
Steve Bush photo
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