Katherine Legge

INDIANAPOLIS (Monday, May 29, 2023) – The Indianapolis 500 purse record was shattered for the second year in a row after a monumentally successful 107th Running of the Indianapolis 500 presented by Gainbridge, with race winner Josef Newgarden of Team Penske earning $3.666 million from a 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 107^th Running of the Indianapolis 500: a record-breaking purse for the history books.”

2023 Indy 500 Prize Money Payout Winnings

Finish	Start	Driver	Engine	Entrant	Prize Amount
1	17	Josef Newgarden	Chevrolet	Team Penske	$3,666,000
2	10	Marcus Ericsson	Honda	Chip Ganassi Racing	$1,043,000
3	4	Santino Ferrucci	Chevrolet	A.J. Foyt Enterprises	$481,800
4	1	Alex Palou	Honda	Chip Ganassi Racing	$801,500
5	7	Alexander Rossi	Chevrolet	Arrow McLaren	$574,000
6	6	Scott Dixon	Honda	Chip Ganassi Racing	$582,000
7	8	Takuma Sato	Honda	Chip Ganassi Racing	$217,300
8	16	Conor Daly	Chevrolet	Ed Carpenter Racing	$512,000
9	21	Colton Herta	Honda	Andretti Autosports w/ Curb-Agajanian	$506,500
10	2	Rinus VeeKay	Chevrolet	Ed Carpenter Racing	$556,500
11	18	Ryan Hunter-Reay	Chevrolet	Dreyer & Reinbold Racing	$145,500
12	27	Callum Ilott	Chevrolet	Juncos Hollinger Racing	$495,500
13	25	Devlin DeFrancesco	Honda	Andretti Steinbrenner Autosport	$482,000
14	14	Scott McLaughlin	Chevrolet	Team Penske	$485,000
15	20	Helio Castroneves	Honda	Meyer Shank Racing	$481,500
16	9	Tony Kanaan	Chevrolet	Arrow McLaren	$105,000
17	24	Marco Andretti	Honda	Andretti Herta w/ Marcis & Curb-Agajanian	$102,000
18	32	Jack Harvey	Honda	Rahal Letterman Lanigan Racing	$472,000
19	30	Christian Lundgaard	Honda	Rahal Letterman Lanigan Racing	$467,500
20	13	Ed Carpenter	Chevrolet	Ed Carpenter Racing	$102,000
21	11	Benjamin Pederson	Chevrolet	A.J. Foyt Enterprises	$215,300
22	33	Graham Rahal*	Chevrolet	Dreyer & Reinbold Racing	$105,500
23	12	Will Power	Chevrolet	Team Penske	$488,000
24	5	Pato O’Ward	Chevrolet	Arrow McLaren	$516,500
25	22	Simon Pagenaud	Honda	Meyer Shank Racing	$465,500
26	26	Agustin Canapino	Chevrolet	Juncos Hollinger Racing	$156,300
27	3	Felix Rosenqvist	Chevrolet	Arrow McLaren	$278,300
28	15	Kyle Kirkwood	Honda	Andretti Autosport	$465,500
29	23	David Malukas	Honda	Dale Coyne Racing with HMD	$462,000
30	19	Romain Grosjean	Honda	Andretti Autosport	$462,000
31	31	Sting Ray Robb	Honda	Dale Coyne Racing with RWR	$463,000
32	28	R.C. Enerson	Chevrolet	Abel Motorsports	$103,000
33	29	Katherine Legge	Honda	Rahal Letterman Lanigan Racing	$102,000

* Graham Rahal’s bumped #15 entry also earned Rahal Letterman Lanigan Racing $460,000.

BENJAMIN PEDERSEN WAS SELECTED 2023 INDIANAPOLIS 500 ROOKIE OF THE YEAR

A.J. Foyt Enterprises’ Benjamin Pedersen earned Indianapolis 500 Rookie of the Year honors for his performance during the Month of May. Pedersen earned a $50,000 bonus for being named Rookie of the Year, adding to a total take-home prize of $215,300.

The Indianapolis 500 purse consists of Indianapolis Motor Speedway and NTT INDYCAR SERIES awards, plus other designated and special awards. Purse awards are presented annually at the Victory Celebration, held this year at the JW Marriott in downtown Indianapolis Monday night.

330,000+ FANS ATTENDED THE 2023 INDIANAPOLIS 500

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.

SOURCE: INDYCAR