Newgarden Makes History with Record-Breaking Indy 500 Victory Prize

Newgarden Makes History with Record-Breaking Indy 500 Victory Prize

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The Indianapolis 500 purse record was shattered for the third year in a row after the weather-delayed 108th Running of the Indianapolis 500, with two-time race winner Josef Newgarden of Team Penske…

After the weather-delayed 108th Running of the Indianapolis 500, Josef Newgarden of Team Penske earned a staggering $4.288 million, breaking the record for the third consecutive year. The total purse for the event reached $18,456,000, the largest in the history of “The Greatest Spectacle in Racing.” The average payout for NTT IndyCar Series drivers in 2024 was $543,000, surpassing the previous year’s average of $500,600. In 2023, the Indianapolis 500 purse was $17,021,500, with the winner receiving $3.666 million, while in 2022, the purse was $16,000,200, and the winner took home $3.1 million. Pato O’Ward of Arrow McLaren Racing claimed the second-place finish with a prize of $1,050,500, exceeding last year’s second-place award. Kyle Larson, the NASCAR Cup Series champion, was named Indianapolis 500 Rookie of the Year for his performance during the Month of May, receiving a $50,000 bonus and a total prize of $178,000.

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