The Indy 500 is a yearly spectacle around the world, especially in Indiana.
The event is considered one of the world's top races and a third of the Motorsport Triple Crown along with 24 Hours of Le Mans and Monaco Grand Prix.
The 2024 Indy 500 is the 108th edition of the race and will feature 33 drivers on Sunday, May 26 — the Sunday of Memorial Day weekend.
With any major race or event, winning the competition is a prize in itself. The pride, joy, and name etched into the history books is sometimes all an athlete can ask for. Of course, there's also prize money.
The winner gets a majority stake of the purse, while others also get a share of the pot.
The Sporting News breaks down how much money is in the 2024 Indy 500 purse and how much goes to the winner.
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How much prize money does the Indy 500 winner get in 2024?
- Prize money: $3.66 million (est.)
The winner's prize money hasn't been announced yet, but it's expected to be around the $3.66 million range based on last year's total. The winnings increased three straight years, so it's possible that the prize money surpasses $4 million this year.
The prize money is dependent on a number of factors, including sponsorships, laps led, and pole winner. It's not as straightforward as other major events such as the PGA Championship where the winner gets a flat percentage of the purse.
What is the Indy 500 purse for 2024?
- $17 million (est.)
The Indy 500 purse for 2024 has not been announced yet, but it's estimated to be around $17 million based on last year's purse. It's increased for the past three years, hitting $17 million in 2023, marking the biggest purse in Indy 500 history.
MORE: Who will win the 2024 Indy 500?
Indy 500 payout history
Here are all the payouts from the previous 107 editions of the Indy 500.
| Year | Purse | Winner | Winner's earnings |
|---|---|---|---|
| 1911 | $27,550 | Ray Harroun | $14,250 |
| 1912 | $52,225 | Joe Dawson | $20,000 |
| 1913 | $55,875 | Jules Goux | $20,000 |
| 1914 | $51,675 | Rene Thomas | $20,000 |
| 1915 | $51,200 | Ralph DePalma | $20,000 |
| 1916 | $31,350 | Dario Resta | $12,000 |
| 1919 | $55,275 | Howdy Wilcox | $20,000 |
| 1920 | $93,550 | Gaston Chevrolet | $21,400 |
| 1921 | $86,850 | Tommy Milton | $26,400 |
| 1922 | $70,575 | Jimmy Murphy | $26,200 |
| 1923 | $83,425 | Tommy Milton | $28,500 |
| 1924 | $86,850 | L.L. Corum/Joe Boyer | $20,050 |
| 1925 | $87,750 | Peter DePaolo | $28,800 |
| 1926 | $88,100 | Frank Lockhart | $35,600 |
| 1927 | $89,850 | George Souders | $30,625 |
| 1928 | $90,750 | Louis Meyer | $28,250 |
| 1929 | $95,150 | Ray Keech | $31,950 |
| 1930 | $96,250 | Billy Arnold | $36,900 |
| 1931 | $81,800 | Louis Schneider | $29,500 |
| 1932 | $93,900 | Fred Frame | $31,050 |
| 1933 | $54,450 | Louis Meyer | $18,000 |
| 1934 | $83,775 | Bill Cummings | $29,725 |
| 1935 | $78,575 | Kelly Petillo | $30,600 |
| 1936 | $82,525 | Louis Meyer | $31,300 |
| 1937 | $92,135 | Wilbur Shaw | $35,075 |
| 1938 | $91,075 | Floyd Roberts | $32,075 |
| 1939 | $87,050 | Wilbur Shaw | $27,375 |
| 1940 | $85,525 | Wilbur Shaw | $30,725 |
| 1941 | $90,925 | Floyd Davis/Mauri Rose | $29,200 |
| 1946 | $115,450 | George Robson | $42,350 |
| 1947 | $137,425 | Mauri Rose | $33,425 |
| 1948 | $171,075 | Mauri Rose | $42,800 |
| 1949 | $179,050 | Bill Holland | $51,575 |
| 1950 | $201,035 | Johnnie Parsons | $57,458 |
| 1951 | $207,650 | Lee Wallard | $63,612 |
| 1952 | $230,100 | Troy Ruttman | $61,743 |
| 1953 | $246,300 | Bill Vukovich | $89,496 |
| 1954 | $269,375 | Bill Vukovich | $74,934 |
| 1955 | $270,400 | Bob Sweikert | $76,138 |
| 1956 | $282,052 | Pat Flaherty | $93,819 |
| 1957 | $300,252 | Sam Hanks | $103,844 |
| 1958 | $305,217 | Jimmy Bryan | $105,574 |
| 1959 | $338,100 | Rodger Ward | $106,850 |
| 1960 | $369,150 | Jim Rathmann | $110,000 |
| 1961 | $400,000 | A.J. Foyt | $117,975 |
| 1962 | $426,152 | Rodger Ward | $125,015 |
| 1963 | $494,030 | Parnelli Jones | $148,513 |
| 1964 | $506,575 | A.J. Foyt | $153,650 |
| 1965 | $628,399 | Jim Clark | $166,621 |
| 1966 | $691,808 | Graham Hill | $156,297 |
| 1967 | $734,834 | A.J. Foyt | $171,527 |
| 1968 | $712,269 | Bobby Unser | $175,139 |
| 1969 | $805,127 | Mario Andretti | $206,727 |
| 1970 | $1,000,002 | Al Unser | $271,697 |
| 1971 | $1,001,604 | Al Unser | $238,454 |
| 1972 | $1,011,845 | Mark Donohue | $218,767 |
| 1973 | $1,006,105 | Gordon Johncock | $236,022 |
| 1974 | $1,015,686 | Johnny Rutherford | $245,031 |
| 1975 | $1,001,321 | Bobby Unser | $214,031 |
| 1976 | $1,037,776 | Johnny Rutherford | $255,321 |
| 1977 | $1,116,807 | A.J. Foyt | $259,791 |
| 1978 | $1,145,225 | Al Unser | $290,363 |
| 1979 | $1,271,954 | Rick Mears | $270,401 |
| 1980 | $1,503,225 | Johnny Rutherford | $318,819 |
| 1981 | $1,605,375 | Bobby Unser | $299,124 |
| 1982 | $2,067,475 | Gordon Johncock | $290,609 |
| 1983 | $2,411,450 | Tom Sneva | $385,886 |
| 1984 | $2,795,899 | Rick Mears | $434,060 |
| 1985 | $3,271,025 | Danny Sullivan | $517,662 |
| 1986 | $4,001,450 | Bobby Rahal | $581,062 |
| 1987 | $4,490,375 | Al Unser | $526,762 |
| 1988 | $5,025,400 | Rick Mears | $809,853 |
| 1989 | $5,723,725 | Emerson Fittipaldi | $1,001,604 |
| 1990 | $6,325,803 | Arie Luyendyk | $1,090,940 |
| 1991 | $7,009,150 | Rick Mears | $1,219,704 |
| 1992 | $7,527,450 | Al Unser Jr. | $1,244,184 |
| 1993 | $7,681,300 | Emerson Fittipaldi | $1,155,304 |
| 1994 | $7,864,800 | Al Unser Jr. | $1,373,813 |
| 1995 | $8,063,550 | Jacques Villeneuve | $1,312,019 |
| 1996 | $8,114,600 | Buddy Lazier | $1,367,854 |
| 1997 | $8,612,450 | Arie Luyendyk | $1,568,150 |
| 1998 | $8,722,150 | Eddie Cheever Jr. | $1,433,000 |
| 1999 | $9,047,150 | Kenny Brack | $1,465,190 |
| 2000 | $9,476,505 | Juan Pablo Montoya | $1,235,690 |
| 2001 | $9,610,325 | Helio Castroneves | $1,270,475 |
| 2002 | $10,028,580 | Helio Castroneves | $1,606,215 |
| 2003 | $10,151,830 | Gil de Ferran | $1,353,265 |
| 2004 | $10,250,580 | Buddy Rice | $1,761,740 |
| 2005 | $10,304,815 | Dan Wheldon | $1,537,805 |
| 2006 | $10,518,565 | Sam Hornish Jr. | $1,744,855 |
| 2007 | $10,668,815 | Dario Franchitti | $1,645,233 |
| 2008 | $14,406,580 | Scott Dixon | $2,988,065 |
| 2009 | $14,315,315 | Helio Castroneves | $3,048,005 |
| 2010 | $13,592,815 | Dario Franchitti | $2,752,055 |
| 2011 | $13,509,485 | Dan Wheldon | $2,592,255 |
| 2012 | $13,285,815 | Dario Franchitti | $2,474,280 |
| 2013 | $12,020,065 | Tony Kanaan | $2,353,355 |
| 2014 | $14,231,760 | Ryan Hunter-Reay | $2,491,194 |
| 2015 | $13,397,315 | Juan Pablo Montoya | $2,449,055 |
| 2016 | $13,273,253 | Alexander Rossi | $2,548,743 |
| 2017 | $13,178,359 | Takuma Sato | $2,458,129 |
| 2018 | $13,078,065 | Will Power | $2,525,454 |
| 2019 | $13,090,536 | Simon Pagenaud | $2,669,529 |
| 2020 | $7,502,500 | Takuma Sato | $1,370,500 |
| 2021 | $8,854,565 | Helio Castroneves | $1,828,305 |
| 2022 | $16,000,200 | Marcus Ericsson | $3,100,000 |
| 2023 | $17,021,500 | Josef Newgarden | $3,666,000 |