• Loading stock data...
Friday, December 13, 2024

Indy 500 Delivers Record Payout and Sees TV Viewership Boost

  • A record purse, viewership increase provide a strong coda to the weather-delayed race.
  • Rain thwarts Kyle Larson’s attempt at ‘The Double.’
The Indianapolis Star

Despite torrential downpours, lightning, and a four-hour delay to the start of the 2024 Indianapolis 500, the 108th running of the iconic race still generated a record purse for the third year in a row and a solid boost in TV viewership. 

The event paid a total purse of $18.456 million, up by 8% from a year ago, and race winner Josef Newgarden (above) of Team Penske earned $4.288 million of that as he became the first repeat Indy 500 champion since 2002. The back-to-back titles prompted a $440,000 rollover bonus that is part of that $4.288 million purse win. 

This year’s Indy 500, meanwhile, also generated an average audience of 5.344 million across NBC Sports platforms, up 8% from last year and up 10% from the year before, according to preliminary figures released Monday by the network, which is battling to maintain its IndyCar Series media rights. Final measurements will be released on Wednesday. 

Those results provided a strong coda to what had previously been a difficult day for Indianapolis Motor Speedway officials managing the severe weather. At the worst of it late Sunday morning, IMS officials evacuated the grandstands and encouraged fans to implement personal safety plans, an advisory heeded to varying degrees. IMS then lifted a local blackout on broadcast coverage of the race, despite those grandstands not selling out—normally part of the parameters of maintaining the blackout policy.

No ‘Double’ for Larson

The Indy 500 delay, however, did have another consequence as NASCAR star Kyle Larson, currently No. 3 in the NASCAR Cup Series standings, missed out his intent to race in both Indianapolis and the Coca-Cola 600 in Charlotte on the same day, known among race fans as “The Double.” Larson finished in 18th in the Indy 500, earning him rookie of the year honors there and a total prize of $178,000. But after his late departure from Indiana and further rain in Charlotte, he never was able to drive in the later event as that race was called early with 151 laps left. 

The driver intends to attempt the rare ‘Double’—only pursued fully over the years by four other drivers—again, if possible.

“What I thought could be one of the best days of my life quickly turned into one of the most disappointing ones I’ve ever experienced,” Larson said Monday in a lengthy social media post. “I hope it’s not the last opportunity to try the Double, but if it is I guess it was memorable.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Dec 9, 2023; Las Vegas, Nevada, USA; Los Angeles Lakers forward LeBron James (23) hoists the NBA Cup and celebrates with teammates after winning the NBA In-Season Tournament Championship game against the Indiana Pacers at T-Mobile Arena.

NBA Cup Year 2: Tweaks, Schedule Concerns, and Growing Pains

While Vegas has been the event’s location for the last two years, that could change because the NBA may add an expansion team in Sin City.

Mets: Not Concerned About Lower-Revenue Clubs After Soto Signing

The club dismisses concerns about fundamentally resetting the sport’s salary scale.
Dec 12, 2024; Chapel Hill, NC, USA; North Carolina Tar Heels new head coach Bill Belichick speaks to those attending his hiring announcement at Loudermilk Center for Excellence.

UNC Job Brings an End to Belichick’s Short-Lived Media Career

Bill Belichick had six media jobs this football season.

Bill Belichick to Take College Plunge at North Carolina

UNC made the official announcement late Wednesday.

Featured Today

The Top-Secret Operation to Create the Army-Navy Football Uniforms

The two-year process includes dozens of employees, NDAs, and military historians.
Nov 2, 2024; Denver, Colorado, USA; Detailed view of a Wilson NBA basketball held by a referee during the second half between the Utah Jazz against the Denver Nuggets at Ball Arena
December 9, 2024

‘Obvious Weak Point’: Refs Remain an NBA Gambling Concern

A season after Jontay Porter, the biggest risk may not be players.
Nov 2, 2024; Ann Arbor, Michigan, USA; Michigan Wolverines cheerleader runs with a flag before the game against the Oregon Ducks at Michigan Stadium.
opinion
December 7, 2024

College Football’s Billionaire Backer Era Begins

Is this the new normal in CFB recruiting?
LA Galaxy forward Dejan Joveljic (9) celebrates with midfielder Riqui Puig (10) after scoring a goal against Seattle Sounders FC in the second half in the 2024 MLS Cup Western Conference Final match at Dignity Health Sports Park
December 6, 2024

With or Without Messi, Major League Soccer Is Barreling Into the Future

After the Cup final, the league looks to accelerate its growth.

NBA Cup Prize: Every Player Wants the Money, But One Would Get..

Each player on the championship team will win nearly $515,000.
December 12, 2024

NBA Cup Schedule May Benefit Losing Teams, League Exec Defends Format

An NBA executive told FOS all stakeholders agreed on the format.
Indiana Fever forward Aliyah Boston (7) celebrates with Indiana Fever guard Caitlin Clark (22) altering recording a triple-double Wednesday, Sept. 4, 2024, during the game at Gainbridge Fieldhouse in Indianapolis. The Indiana Fever defeated the Los Angeles Sparks, 93-86.
December 13, 2024

The Meteoric Rise of Women’s Basketball in 2024

The business of women’s basketball exploded this year.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
David Bonderman
December 11, 2024

David Bonderman, Kraken Founder and Powerful Investor, Dies at 82

Bonderman was quietly a major figure in sports.
Oct 20, 2024; East Rutherford, New Jersey, USA; Eagles owner Jeffrey Lurie pre game against the New York Giants at MetLife Stadium.
December 11, 2024

Bills, Eagles, Dolphins Approve Adding New Minority Owners

Vince Carter and Tracy McGrady join the list of Bills owners.
Houston Texans quarterback C.J. Stroud (7) walks to the locker room after the game of an NFL football matchup Sunday, Dec. 1, 2024 at EverBank Stadium in Jacksonville, Fla. The Texans held off the Jaguars 23-20.
December 11, 2024

NFL, Nike Extend Uniform, Apparel Partnership Through 2038

Financial terms of the extension were not disclosed.
December 9, 2024

Soto Contract Echoes 2000 A-Rod Deal. Could Similar Fallout Follow?

The record-setting Soto deal recalls A-Rod 24 years ago.