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Indy 500 scholarship, payout breakdown: How much money will the winner get in 2022?

The influence of COVID-19 still hangs over the racing world, and the 2022 Indy 500 is no exception.

The 2020 edition was supposed to be the biggest overall purse in racing history before it was cut in half without fans being able to attend the event. In 2021, the purse was moderately higher, announced at around $8.85 million. This year, it should increase again, but not as substantially as some might wish.

The Indy 500, for all its glamour, is not the most lucrative race in the world. Getting fans back in the stands will help, but it still looks like the purse will gradually increase to around $10 million this year.

The scholarship isn’t actually announced until after the race, so there’s no way to be sure, but these are estimates based on past growth and expectations.

MORE: Who will win the Indy 500 in 2022? Indianapolis race odds, expert picks and favorite bets

How much money will the Indy 500 winner get in 2022?

Prize money: $2 million (estimated)

Calculating the Indy 500 purse payout is complicated. A number of factors go into the distribution of the prize money, including pole winner, laps led and certain sponsorships. Helio Castroneves earned $1.8 million last year, and the number is higher, but not as drastically as the $500,000 difference from Takuma Sato’s 2020 win.

The number likely won’t reach the magic number of $2.4 million it’s been at for 12 years, but the increase in ticket sales this year is a positive sign for the eventual winner.

What is the Indy 500 scholarship for 2022?

Indy 500 scholarship: $10 million (estimated)

The purse for the 2022 Indy 500 has yet to be released, but it likely ranges between the $8.85 million pot in 2021 and the $13 million purse in 2019.

The stands are nearly sold out and ticket sales are said to be the best since 2016. Unless there is an increase in sales, however, an outage on local networks is expected, which would also affect the stock market.

Indianapolis Motor Speedway owner Roger Penske had expressed interest in making the 2020 pot the biggest in racing history before the pandemic forced it to be cut back. People paying again to be seated, he should have the opportunity to continue to increase the stock market. It’s still struggling, but it’s expected to be more than last year’s $8.85 million.

2021 Indy 500 Payout Breakdown

The payout of Indy 500 winners takes into account several factors beyond just driver placement, but each will come home with at least six figures, if recent history is any indication. Scott Dixon, who took pole position, will also receive a nice reward.

The payout structure takes into account sponsors of 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, won more than all but the top four in the race.

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

pos. Driver Earnings
1. Helio Castroneves

$1,828,305

2. Alex Palou $649,305
3. Simon Pagenaud

$403,305

4. Pato O’Ward

$343,405

5. Ed Charpentier

$286,305

6. Santino Ferrucci

$157,305

seven. Sage Karam

$162,305

8. Rinus VeeKay

$302,305

9. Juan Pablo Montoya

$135,305

ten. Tony Kanan

$130,305

11. Marcus Ericsson

$225,305

12. Joseph Newgarden

$220,305

13. Conor Daly

$212,305

14. Takuma Sato

$222,305

15. JR Hildebrand

$110,305

16. Colton Herta

$252,305

17. Scott Dixon

$316,305

18. Jack Harvey

$200,305

19. Marco Andretti

$100,305

20. Scott McLaughlin

$151,305

21. James Hinchcliffe

$200,305

22. Ryan Hunter Reay

$200,305

23. Pietro Fittipaldi

$200,305

24. Sebastien Bourdais

$200,305

25. Dalton Kellet

$200,305

26. Max Chilton

$200,305

27. Felix Rosenqvist

$200,305

28. Ed Jones

$200,305

29. Alexandre Rossi

$200,305

30. Will

$200,305

31. Simone de Silvestro

$100,305

32. Graham Rahal

$217,305

33. Stephane Wilson

$100,305

Indy 500 Payout History

Although Helio Castroneves’ victory netted him just under $2 million, it pales in comparison to recent grand prix events.

MORE: Indy 500 qualifying results: Pole, starting lineup for 2022 race at Indianapolis

Castroneves has earned nearly $500,000 more than Takuma Sato in 2020, but the sport is clearly coming back. Each winning driver took home more than $2 million between 2008 and 2019, including Castroneves’ record $3 million loot in 2009.

Here are all the purses and previous earnings from the last 105 years of the Indy 500.

Year Bag Winner Winner’s earnings
1911 $27,550 Ray Harron $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 Hello 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 LL 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 Frame Fred $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 William Shaw $35,075
1938 $91,075 floyd robert $32,075
1939 $87,050 William Shaw $27,375
1940 $85,525 William 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 Parson $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 hank $103,844
1958 $305,217 Jimmy Bryan $105,574
1959 $338,100 Neighborhood Rodger $106,850
1960 $369,150 jim rathman $110,000
1961 $400,000 A.J. Foyt $117,975
1962 $426,152 Neighborhood Rodger $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 Marc 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
nineteen eighty one $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 Boyfriend 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 rice buddy $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 Kanan $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 Alexandre Rossi $2,548,743
2017 $13,178,359 Takuma Sato $2,458,129
2018 $13,078,065 Will $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