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Here’s how much Josef Newgarden made in largest Indy 500 purse in history

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5 months ago

May 30, 2024

Here's how much Josef Newgarden made in largest Indy 500 purse in history

INDIANAPOLIS – Josef Newgarden is IndyCar’s $4 million man.

The most recent addition to the multi-time Indianapolis 500 winners’ membership was awarded a record-setting $4.288 million grand prize for successful his second consecutive victory within the Biggest Spectacle in Racing – each in down-to-the-wire, last-lap-pass style no much less.

Newgarden’s eye-popping winnings come padded with a $440,000 roll-over bonus from BorgWarner that has been rising for 22 years since Helio Castroneves’ back-to-back 500 victories in 2001-02. The namesake of the five hundred trophy started this system in 1995, including $20,000 to the pot every year till a driver might go back-to-back.

“, somebody needed to reset the financial institution,” Newgarden mentioned Sunday night after his edged runner-up Pato O’Ward by 0.3417 seconds by executing a race-winning move two turns from the checkered flag. “I assume we did.”

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The Staff Penske driver’s 2024 500 winnings reset the excessive bar that IndyCar and Indianapolis Motor Speedway proprietor Roger Penske set a 12 months in the past in awarding the then-first-time 500 winner $3.666 million after his last-lap move of 2022 victor Marcus Ericsson. In whole, this 12 months’s whole Indy 500 purse of $18,456,000 shatters final 12 months’s record-setting pool of $17,021,500 – which in flip had reset the bar after a 2022 purse of $16,000,200. Previous to 2022, the most important Indy 500 purse had are available in 2008 ($14.4 million), and the most important award for a winner had gone to Helio Castroneves in 2009 ($3,048,005).

For his second runner-up end within the 500 in three years, Arrow McLaren’s O’Ward landed $1,050,500, simply barely greater than he pulled in for his first 2^nd-place 500 end in 2022 ($1 million) and what Ericsson landed a 12 months in the past ($1,043,000).

“The Indianapolis 500 is the best race on the planet, and this record-breaking purse is reflective of simply how monumental competing in and successful at Indy is for these drivers,” Penske Leisure president and CEO Mark Miles mentioned in a launch. “Regardless of climate challenges, the Month of Might featured packed grandstands and intense on-track motion. Presenting this purse is the perfect and cap to an epic month.”

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NASCAR Cup collection champion Kyle Larson was named this 12 months’s Indy 500 Rookie of the 12 months by advantage of qualifying 5^th – second-best amongst his Arrow McLaren teammates – and working solidly inside the top-10 for almost all the first two-thirds of the race till a pitlane rushing penalty on Lap 134 ruined his probabilities at contending for a victory or perhaps a top-10 end. His honors landed Larson and his Arrow McLaren/Rick Hendrick program an additional $50,000 bonus for a take-home whole of $178,000.

Ed Carpenter Racing’s Christian Rasmussen completed because the highest-performing rookie within the discipline in 12^th, making his method up into the top-10 for a big chunk of the day after beginning 24^th.

Dreyer and Reinbold Racing’s Conor Daly was the highest-finishing one-off driver within the discipline, nabbing 10^th-place as the sector’s biggest-mover. With out the inclusion of collection Leaders Circle funds, Daly and DRR’s payout for the efficiency earned $159,000.

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By advantage of merely coming into the race as one of many 22 Leaders Circle entrants this season, Dale Coyne Racing and Nolan Siegel nonetheless have been awarded $505,500, regardless of being bumped from the race throughout final weekend’s Final Probability Qualifier.

The Indy 500 purse consists of IMS and IndyCar awards, “different designated and particular awards” and parts of related groups’ annual Leaders Circle payouts.