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Indy 500 purse, payout breakdown: How much prize money does the winner get in 2022?

COVID-19’s influence still looms large over the racing world, and the 2022 Indy 500 is no exception.

The 2020 edition was supposed to be the biggest overall purse in the race’s storied history before it was slashed in half without fans being able to attend the event. In 2021, the purse was moderately higher, announced as about $8.85 million. This year it should increase again, but not as substantially as some might like.

The Indy 500, for all of its glamour, is hardly the most lucrative race in the world. Fans being back in the stands will help, but it’s still looking like the purse will increase incrementally to about $10 million this year.

The purse is not actually announced until after the race, so there’s no way to be certain, but these are estimates based on past growth and expectations.

MORE: Who will win the Indy 500 in 2022? Odds, expert picks & betting favorites for race at Indianapolis

How much prize money does the Indy 500 winner get in 2022?

Prize money: $2 million (est.)

The calculus for the Indy 500 purse payout is complicated. A number of factors go into how the prize is divvied up, including the pole winner, laps led, and certain sponsorships. Helio Castroneves won $1.8 million last year, and the number figures to be higher, but not as drastically as the $500,000 difference from Takuma Sato’s 2020 win. 

The number likely won’t reach the $2.4 million magic number it was at for 12 years, but the increased ticket sales this year are a positive sign for the eventual winner.

What is the Indy 500 purse for 2022?

Indy 500 purse: $10 million (est.)

The purse for the 2022 Indy 500 hasn’t been released publicly yet, but it likely figures to be somewhere between the $8.85 million pot in 2021 and the $13 million purse in 2019. 

The grandstands have nearly sold out, and ticket sales reportedly are the best since 2016. Barring a surge in sales, however, a blackout on local networks is expected, which would also effect the purse.

Indianapolis Motor Speedway owner Roger Penske had shown interest in making the 2020 pot the largest in the history of the race before the pandemic forced it to be reduced. With people once again paying to be in seats, he should have the chance to continue to increase the purse. It is still battling back, but it should be more than the $8.85 million haul last year.

Indy 500 payout breakdown 2021

The payout for winners of the Indy 500 takes into account several factors beyond simply the placement of the drivers, but each one will be coming home with at least six figures, if recent history is any indication. Scott Dixon, who took the pole position, will also get a hefty payout.

The payout structure takes into account sponsors on certain drivers as well as race-day variables such as laps led and fastest laps. Two years ago, for example, Marco Andretti, who finished 13th, earned more than all but the top four finishers in the race. 

Below are the results from last year’s Indy 500, which was still hindered by the COVID-19 pandemic and allowed 40 percent capacity at IMS.

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