What Is The Payout For Daytona 500
- Daytona 500 Purse Winnings
- What Is The Payout For The Daytona 500
- What Is The Payout For Winning The Daytona 500
- How Much Money Do You Get If You Win Daytona 500
A new filing before a Thursday bankruptcy court hearing for BK Racing provided a window into the payouts of NASCAR’s charter structure.
The system, which went into effect two years ago, guaranteed revenues and race attendance for 36 cars. Funding was based on four categories: entering a race, historical performance over the past three seasons, the traditional points fund (with extra cash) and race results. It was partly intended to help teams by providing more predictable revenue guarantees for budget projections.
The $23.6 million 2020 Daytona 500 purse is the highest in American motorsports history, according to a NASCAR announcement. In 2015 — the last year NASCAR disclosed race purses until this week’s announcement — the Daytona 500 purse was $18 million.
MORE: Court filing reveals expenses, revenue for each race
Prior to the 2016 season, each race had a purse that paid out for finishing position and contingency awards (which rewarded the most competitive teams). Under the new system, money paid for results was based solely on finishing position, and NASCAR abolished publishing purse totals and race winnings in box scores.
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- 2020 Daytona 500 purse: $23.6 million The $23.6 million 2020 Daytona 500 purse is the highest in American motorsports history, according to a NASCAR announcement. In 2015 — the last year NASCAR.
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The BK Racing document, which was filed in U.S. Bankruptcy Court, Western District of North Carolina, sheds some light on those now shielded numbers. It lists the total purse for every race during the 2018 season and also lists BK Racing’s prize money for each of the first four races in the No. 23 Toyota with driver Gray Gaulding.
–Daytona 500 (total purse $15.466 million): The team earned $428,794 for finishing 20th.
–Atlanta Motor Speedway (total purse $2.477 million): The team earned $91,528 for 36th.
–Las Vegas Motor Speedway (total purse $2.647 million): The team earned $98,754 for 33rd.
–ISM Raceway near Phoenix (total purse: $1.459 million): The team earned $82,000 for 34th.
Though the formula was different for structuring the purse and race payouts, here were the total purses and payouts for those positions in 2015, the last year that earnings were publicly made available.
–Daytona 500: Total purse $19.8 million; $348,803 for 20th
Daytona 500 Purse Winnings
–Atlanta: Total purse $6.3 million; $101,370 for 36th
–Las Vegas: Total purse $6.5 million; $118,724 for 33rd
–Phoenix: Total purse $5.1 million; $74,805 for 34th
A hearing on the BK Racing bankruptcy case will be held in Charlotte at 2 p.m. Thursday.
The world of NASCAR money is a secretive one.
Since 2016, race purses and prize money information have been private, leaving fans combining guesswork, outdated numbers and rare peeks behind the curtain to glean information about the economic picture of the sport.
But just before the 2020 Daytona 500, the association released the race purse — a record-setting $23.6 million will be distributed among the 40 drivers.
Below is everything you need to know about the Daytona 500 purse, including estimates of how much the winner will make.
What is the Daytona 500 purse for 2020?
The $23.6 million 2020 Daytona 500 purse is the highest in American motorsports history, according to a NASCAR announcement.
In 2015 — the last year NASCAR disclosed race purses until this week’s announcement — the Daytona 500 purse was $18 million. According to a bankruptcy filing from BK Racing and released by NBC Sports, the 2018 Daytona 500 purse was $15.5 million.
How much money do you get for winning the Daytona 500?
This requires some guesswork, because NASCAR didn’t release place-by-place prize money.
What Is The Payout For The Daytona 500
The 2015 winner, Joey Logano, earned about $1.6 million, approximately 8.8 percent of the total purse. That share of the purse was about on par with the previous Daytona 500’s in recent history.
If the 2020 edition has a similar share, the winner of the Daytona 500 will take home about $2.06 million. It would likely be the first NASCAR race to award the winner upward of $2 million.
What Is The Payout For Winning The Daytona 500
How much money does a NASCAR driver make per race?
The amount of money a NASCAR driver makes in a race depends on what the race is and where they finish. Because the data isn’t publicly available, the best we can do is estimate based off past data.
The amount of money on the line at a given NASCAR race varies significantly. In 2015, the largest purse was the Daytona 500’s $18 million, and the smallest was $4,494,688. The average purse was $5,556,775.
Then, drivers earn money based on their final position. Under the previous, public system, there were more variables and incentives that affected payout of a race, but that went away (along with publishing those payouts) in 2016.
At the 2020 Daytona 500, teams can make between an estimated $2.06 million and $365,000. Other races historically had a much flatter payout structure, with payouts that would line up with approximate estimates between $320,000 and $78,500 in the 2020 season.
How Much Money Do You Get If You Win Daytona 500
Daytona 500 prize money breakdown 2020
The following table is an estimate, based off the percentages of previous Daytona 500 purses earned by finishers, applied to the updated $23.6 million purse for 2020.
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