And where does it go?Why do they race?
All drivers who finish make some money, more than $13 million total. The winner of the race earns about $2.6 million.
No driver earns less than $250,000.
While the prize money might seem big, racers have big expenses.
What does it cost to race?
Drivers in the Indy 500 spend a lot of money to race. Members of the racing team need to be paid. The race's entry fee can be a lot.
Costs to keep the car running for 200 laps include:
- Engines. Racers need more than one engine in case one fails. One engine can cost more than $300,000.
- Tires. Racers are allowed only 35 sets of tires for practice and the race. That sounds like a lot. But race cars use special tires that don't last long. Each set of 4 tires can cost more than $2,000.
- The car. Racers spend a lot of money making their cars both fast and safe. Some spend more than $125,000 for safety alone!
What does it cost to go?
How much do you think it will cost?
Fans pay a lot to park near the Indy 500 race track.
- Travel. Tyler wants to fly from Austin to Indianapolis. The cost for him, his Mom and his sister could be about $1,000. His Mom says she would rather drive! It will take two days each way. The total cost for gas is about $280.
- Tickets. Tyler doesn't want the worst seats, or the best. He chooses $70 tickets. That's $210 for the three of them.
- Parking. Race fans pay big bucks to park near the Indy 500. Tyler estimates parking fees at $30.
- Hotel. They'll need to spend four nights in a hotel. At $65 a night, that's $260.
- Food and fun. Tyler guesses $50 a day for food. His Mom thinks they'll spend at least $100 on other things. That's $300.
How much did you guess it would cost Tyler and his family to go to the Indy 500? The answer is: if they don't fly, at least $1,000!
Of course Tyler could save that money and watch the race on television but going with his mom and sister will make priceless memories.