Interestingly, one of them is a woman, which we dont tend to see in professional sports. We are committed to Daytona 500 purse, payout breakdown: How much prize money will the winner make in 2020. When you sign-up through links on our site, we may earn an affiliate commission. NASCAR drivers enjoy a very similar median and average pay level. We cans safely guess that Kyle Larson received the bulk of the money. Want to know the most dangerous tracks this season? Top paid NBA, MLB and NFL players generally earn about twice the total money of a NASCAR driver in the highest salary bracket. you should understand that the racing sport involves a lot of expenses as well. The world of NASCAR money is a secretive one. However, Xfinity and truck series will be much less. Prize money in NASCAR varies on the race and series. Anheuser-Busch InBev and Fiat Chrysler Automotive were the top-spending parent companies in that game. NASCARs top money maker is Dale Earnhardt, Jr. It has grown by an impressive 68% since then to $1.54 million. The consent submitted will only be used for data processing originating from this website. The average MLB player makeseight times the typical player. $14.6 million of that money comes directly from salary and winnings, with the rest from endorsements. professional Nascar driver. The 43-year-olds sponsors include Monster Energy, McDonalds, SiriusXM, MoneyLion, and Jordan Brand. And if a driver has a good combination of skill and sponsorship, they can make a good salary. you want to know how much money does a Nasar driver make per race, you can take At the 2020 Daytona 500, teams can make between an estimated $2.06 million and $365,000. Now there is a cap of $145 million each team can spend throughout the season, which applies to performance-based costs but doesnt include the costs of mechanic salaries, travel costs, or bonuses. The Daytona 500 is the sports most lucrative race and usually draws a large purse. races stand at a staggering $17.5million, out of which, $14million is from his There is no doubt NFL viewership is going down according to Austin Karp of the Sports Business Daily. If you are a beginner, you can earn an annual income in five figures. Busch finished first in all five races he drove for KBM last year, as part of a league rule that allows full-time Nascar racers to drive in a maximum of five Truck Series events per year. After each NASCAR race, drivers split a purse. At the May 1, 2022 race, the 41-year-old finished in 21st place. Usually, the winner takes most of the earnings, which on average can be $47,500, and the loser takes home around $8,500. Copyright 2023 Endgame360 Inc. All Rights Reserved. The top NASCAR team, Hendrick Motorsports, had a team value of $325 million in 2016 with annual revenue of $180 million. driver salary, according to reliable sources. While exact numbers might be hard to come by these days, the methodology to decide the pay is known. But as far as profits to be made and fortunes to be granted, the NFL offers more opportunities than NASCAR for making it rich and famous, since most drivers are not in the upper tier of millionaires and a lot more NFL players are. America’s Preference: the NFL or NASCAR? NASCARs money distribution method is possibly the most democratic of all competitive TV events. You will be stunned to read per race, in this case, is in millions, because the racers are highly talented First-year players in the NFL can expect to make an average of $365,000 per year, and that constantly rises anywhere from $5 to $10 thousand per year. In other words, in a group of ten people were nine make $60,000 a year and one is LeBron James, the average salary would be $2.3 million while the median is a far more descriptive $60,000. We have an infographic on the Prize money in NASCAR and NASCAR drivers salaries below that you can share ( throw us a link if you do) or use. Prize money comes from sponsorships, TV rights, ticket sales and merchandising. The 2015 winner, Joey Logano, earned about $1.6 million, approximately 8.8 percent of the total purse. As you can see from the above, it is tough to become a Nascar driver. | 24 October, 2022 | Richard Janvrin, NBA vs WNBA: Revenue, Salaries, Viewership, Attendance and Ratings, NFL Offense Rankings 2023: All 32 Teams Evaluated, NFL Defensive Rookie of the Year Odds & Predictions 2023, NFL Offensive Rookie of the Year Odds, Predictions & Best Bets 2023, NFL Futures The win saw his earnings skyrocket to a whopping $11million, out of which around $1.4million was in the form of endorsements & licensing, while the rest was through his earnings. Being a middling NASCAR driver can make a team millions if they have the right combination of skill and sponsorship. We also participate in other affiliate programs which compensate us for referring traffic. TN), 1-855-2CALLGA (IL), 1-800-270-7117 (MI). Updated by the minute, our Dallas Cowboys NFL Tracker: News and views and moves inside The Star and around the league . Each player also received about $83,000 for the rest of their postseason play $29,000 for the Divisional playoff and $54,000 for the conference championship. Build Looked at another way, what other major televised sport pits women against men on the same playing field? NFL viewership numbers obliterate NASCARs in every category. For instance, Kevin Harvick finished second in the Daytona 500 in 2015, giving him $1,157,195 in prize money for the event. The United Kingdom. In 2021, Kyle Larson took home the highest earnings of the NASCAR season and was the winner of consecutive races in the playoffs, ultimately leading to him winning the Cup Series Championship. Class-A: (I.E Drivers on a fully-funded team, and are considered Tier 1 skill level or been there many years). Despite the secrecy on behalf of NASCAR, however, thebest drivers are not hurting. "Its a new foundation and a new era," NASCAR Chief Operating Officer Brent Dewar told NBC Sports. Teams will pay base cash bonuss for finishing position as they are trying to get in the top 25. While their earnings vary, a good year can also mean over $130,000 for a race if they finish at the top. There are two ways to race at the Indy 500; one involves being a full-time IndyCar driver, and another one involves paying a big chunk of cash for a seattypically around $500,000 to $1,000,000 . The average salary of NASCAR commentators depends on their expertise and former career, but it's around $50,000 annually. Only Elliott and Busch sold more licensed merchandise in 2019 than Harvick, whose 12 Cup Series wins over the past two years rank second behind Busch. Drivers can get bonuses for where they finish in races, scoring a certain number of points, or finishing above a certain position. These financial information are well hidden now. All financial awards are determined on an annual basis and come from a number of sources including tracks, television awards, sponsors via contingency and special awards.. 117656-1, In addition to winning the 2019 Nascar Cup Series and launching his own energy drink, Busch found time for a couple of TV appearances off the track. Busch drives for Joe Gibbs Racing Company in the NASCAR Sprint Cup Series. More important to his wallet: No driver sold more licensed merchandise than the 24-year-old. Recent estimates put his annual endorsement earnings at $1.7 million. The ten highest-paid Nascar drivers earned an estimated $120 million in 2019, a tick above 2018 but well below a decade ago when they banked a combined $180 million. Week 5 (Oct 6) the Chicago Bears vs. the Oakland Raiders, 1 pm ET, at Tottenham Hotspur Stadium, Week 6 (Oct 13) the Carolina Panthers vs. the Tampa Bay Buccaneers, 9:30 am ET, at Tottenham Hotspur Stadium, Week 8 (Oct 27) the Cincinnati Bengals vs. the Los Angeles Rams, 1 pm ET, at Wembley Stadium, Week 9 (Nov 3) the Houston Texans vs. the Jacksonville Jaguars, 9:30 am ET, at Wembley Stadium, Week 11 (Nov 18) on Monday Night Football, the Kansas City Chiefs vs. the Los Angeles Chargers, 8:15 pm ET, at Estadio Azteca. Motorsports finances can be complicated and sometimes confidential, but at the end of the day, drivers of both sports can walk away making solid earnings. NASCAR has a strong foundation of partners willing to sponsor drivers, https://motorsporttickets.com/blog/f1-driver-salaries-how-much-formula-1-drivers-earn/, https://www.sportscasting.com/10-highest-paid-nascar-drivers-2022/. Furthermore, the numbers were affected by the sponsorships on the car, which favored the more prominent names. Thats a total of $25 million. He appeared in December on WWEs Monday Night Raw program and won the 24/7 championship (he lost the belt later in the night). 1. In 2019, Fox televised the NASCAR Cup race at Atlanta, and 5.067 million viewers tuned in, which was a 10% drop from 2018 when 5.609 million race fans watched, and even that race had experienced a 15% drop in viewership. NASCAR racing teams ranked by team value in 2019 (in million U.S . Which league is better preparing themselves for worldwide domination? There is also an F2 and F3 racing division for any driver who isnt ready to be an F1 driver. You already know that the Nascar winnings per race are in millions. Its estimated that 98.2 million people worldwide watched the New England Patriots defeat the Los Angeles Rams, 13-3, in Super Bowl LIII last season, which is the fewest people in eleven years. At the 2020 Daytona 500, teams can make between an estimated $2.06 million and $365,000. Well, that's a big unknown because of a policy change that NASCAR made in 2016. We respect your privacy. You may opt-out by. Wallace has been an advocate for social justice and outspoken about the need for greater diversity and inclusion in the sport. Eligibility restrictions apply. Dale Earnhardt Jr. Jeff Gordon. Even pro golf manages to fit in 241 players. The median salary alone for NASCAR is $1.5 million. What makes him NASCAR's highest-paid driver is that he participates in all three NASCAR series, including the truck series, the Xfinity Series, and the NASCAR Cup Series. Hamlins sponsors are FedEx and SportClips. How much money does the winning driver make? Every driver has a contract set with the team. Live attendance is way down at NASCAR events, as evidenced by the empty seats that have been rapidly increasing at every stadium since 2009. How Much Money Has Every Star Wars Movie Made? It definitely depends on a driver's popularity, brand support, and of course, their talent and number of wins. F1 drivers and NASCAR drivers earn their cash in somewhat similar ways. The NFL averages more sponsorship revenue, as well. Your email address will not be published. Adding up median salary, race winnings and endorsement money puts the median NASCAR drivers total pay up over $5 million per year. The 88 car in NASCAR is currently driven by Alex Bowman, who took over the ride from Dale Earnhardt Jr. in 2018. The highest paid driver made $16.9 million in the 2022 season, and the lowest paid driver made $200,000. Startup costs are even higher, requiring about $18 million in initial investments to get a one-car team . NASCAR has yet to reveal details about the Daytona 500 purse for 2022. The cost of a 30-second commercial during the 2017 Super Bowl was $5.02 million. And the team in the lead after the Knoxville Raceway race in July will receive a $75,000 road crew bonus. Rain is starting to become a monster of a problem for a track that once hosted two race weekends a year but is now down to one each season. 4 Ford Mustang at the Dover International Speedway. The typical NASCAR driver makes $5 million a year from all sources. Top end players in the other leagues generally do better than NASCAR drivers, with the exception of the NHL. According to a bankruptcy filing from BK Racing and released by NBC Sports, the 2018 Daytona 500 purse was $15.5 million. Top 10 Richest NASCAR Drivers. MORE: Complete Daytona 500 starting lineup| TV schedule. But the majority of drivers make more than $500K for their work. Few drivers get salaries north of $3 million anymore, although teams are still willing to pay up for elite talent. The 37-year-old drives in all three NASCAR national series and races full-time in the NASCAR Cup Series. Joey Loganos sponsors include Shell-Pennzoil, AAA, Auto Club of Southern California, Autotrader, and MoneyLion. The main purpose of revenue sharing is to set up measures that allow richer and poorer teams to compete with each other on a semi-equal footing. New Users Only. Drivers keep anywhere from 40% to 45% of their purse while the rest is distributed throughout the team. Elliott was named Nascars most popular driver for the second straight year in 2019. However, F1 drivers can generally make more than NASCAR drivers. Normally, the easy way to compare the revenue potential of the two championships is by looking at how much each charge for an advertisement. unsubscribe link. Kyle Busch, driver of the #18 M&M's Toyota celebrates winning the Monster Energy Championship at [+] Homestead-Miami Speedway in Homestead, FL. included the commissions he earned from winning & licensing apart from his These people earn a 5 to 6-figure She is African American, and their marriage has brought attention to issues of diversity and inclusion in NASCAR. According to rumors, there are 36 charters available. The 88 car is fielded by Hendrick Motorsports, one of the top teams in NASCAR. Martin Truex Jr. finished the Dover International Speedway at No. To know how much money does a Nascar driver make per race, it is important to assess your racing skills. Top 10 Richest NASCAR Drivers. Updated 2022 NASCAR Cup Series Standings Following Chase Elliotts Victory at Dover. Below, we will discuss how much NASCAR pit crews make by . earnings from Hendricks Motorsports. Truex got a new deal for 2019 from Joe Gibbs Racing that pushed his salary into the top tier of Nascar drivers. Compare those totals to the Daytona 500 in 2002 when 18.78 million viewers saw Ward Burton win with his #22 Dodge. I'M NOT . Driver and team salaries and the cost of cars are the biggest expenses. If NASCAR stays consistent with those percentages, that means that the winner in 2020, Denny Hamlin, would have taken home roughly $2.07 million in prize money. In this article, were going to answer those questions and a whole lot more as we examine and compare the NFL and NASCAR their revenue, salaries, viewership, attendance and ratings and try to figure out which sports league is better positioning itself to be number one in America and in the world. NASCAR drivers also make money from winnings, endorsements and merchandise money. Bowman has been a competitive driver in the NASCAR Cup Series, with multiple top-10 finishes and a win at the Auto Club Speedway in 2019. Some of the most famous NASCAR announcers today are former drivers or crew chiefs, like Dale Earnhardt Jr. and Steve Letarte. ET. Over four times as many people went to football games over NASCAR races in America, and if the number of race fans keeps declining at its current rate, that difference will continue to get larger. pic.twitter.com/jKHR4hc8Mm. But he landed in a similar spot than a lesser-known racer thanks to his agreement with the company. Teams rarely have up to four drivers, but it does mean NASCAR could employ 68 drivers at a time, and a NASCAR race has 40 drivers at a time. They never did for the 2021 race, either, so it's unlikely that they will disclose the amount in 2022 given their reporting policy. work on your physical & mental fitness to become a successful & For instance, Lewis Hamilton, the top earner in 2022, made $2.9 million per race. The 26-year-old won the first NASCAR Cup competition of 2022 at the rescheduled Dover International Speedway race. How But the majority of drivers make more than $500K for their work. If you know how much money does a professional soccer player make, you will understand that you can make far more than this as a Nascar regular. During the 2019 Cup Series, Kyle Busch ended up being the top earner, taking home $17.8 million from his salary, endorsements, and licensing deals. A good year cannet drivers over $130,000 for a raceif they finish on top of the previous seasons rankings, according to Sapling. However, if you are a professional, you can earn millions of dollars every year. Why median instead of average? Averages fall prey to being bent out of shape by the biggest numbers in the field. All our emails include an The New England Patriots, winners of Super Bowl LIII, each received$118,000for winning the big game, while players from the losing Los Angeles Rams got$59,000 each. A fifth straight top-ten finish in the overall standings would make Larson even more of a catch. The starting and average salaries are also much higher in Formula 1, with . Why? Since 2016, race purses and prize money information havebeen private, leaving fanscombining guesswork, outdated numbers and rare peeks behind the curtain to glean information about the economic picture of the sport. The first is the one that The highest paid female driver is Danica Patrick. Buschs combative personality has helped him build a legion of followers called Rowdy Nation that he aims to convert into customers of his new energy drink. Can The Math Game Help The Denver Nuggets Beat The Phoenix Suns? The shoes namesake, Michael Jordan, attended the Nascar championship race at Homestead-Miami Speedway in 2019, hoping to cheer his friend and golfing buddy to a title. Daytona 500 purse, payout breakdown: How much prize money will the winner make in 2022. Driving a No. He completed the race at Dover International Speedway at No. According to Sporting News, Joey Logano garnered $1,581,453 in 2015 after speeding into victory lane. At Dover International Speedway, he finished in sixth place. Kevin Harvick. Median means that half the drivers in the sport make more than that and half make less. 31 for the Dover International Speedway. The answer to this depends on your skill levels. NASCAR's sanctioning body used to display career winnings and each race's total purse on the official box score within the official results up until the 2016 season. Parker Kligerman an American professional stock car racing driver explained some details about the prize money distribution. The 27-year-old Larson is likely to be an attractive free agent when his contract expires after the 2020 season; some fans already have him getting fitted for the seat in Johnsons No. Winning The National Association for Stock Car Auto Racing (NASCAR) is a prestige sanctioning body that allows drivers and teams to join various race competitions. endorsements. It definitely depends on a driver's popularity, brand support, and of course, their talent and number of wins. Of the $14 billion that the NFL made last season, mostly from national media deals, they distributed more than half of it to its individual franchises. Other races historically had a much flatter payout structure, with payouts that would line up with. Rediscovering NASCARs popularity by creating newer (and younger) fans is not only the key to making the sport of racing in America more lucrative, it is critical to its survival. professional drivers and become a part of their crew, Complete Harvick recently signed a two-year extension with Stewart-Haas Racing that runs through the 2023 season. Cup races like the Daytona 500 have the largest prize funds of of up to 23 million dollars in 2020, in comparison Xfinity and Truck series racing can have prize funds of 3 to 1 million. He has a total earning of $15.8million, out of which, $13.8million Ultimately, success in NASCAR requires a combination of skill, talent, and hard work, and drivers earnings reflect the value they bring to the sport. They no longer reveal the purses available in each event and have stopped disclosing drivers' earnings. NASCAR, however, gives more drivers an opportunity to make money. While top-tier drivers in the Cup Series can earn millions of dollars annually, drivers in lower-tier series or those with less experience may earn considerably less. This is said to be due to both the sudden attention to concussions and the resulting CTE (chronic traumatic encephalopathy) as well as from a negative response to NFL players taking a knee during the national anthem to protest racial inequality. participate in as many local races as you can before you buy your own, costly A few different factors go into account when it comes to how much a driver is paid.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'motorracingsports_com-banner-1','ezslot_6',114,'0','0'])};__ez_fad_position('div-gpt-ad-motorracingsports_com-banner-1-0'); The main factors are driver merit and skill, race record, longevity in the sport, and marketability. these names while answering this question. The average NFL salary is more than double the median. The 2018 Cup Series champ dropped to fifth in the standings last year, denting his take from race winnings and bonuses. Through the purse split, the winner, on average, takes home $47,500 a race while the loser makes close to $8,500. Outsiders have to guess the prize money which depends on many facts. The tallest NASCAR driver on record is Richard Petty, 6 feet 2 inches tall. The average salary of a typical NFL player is $1.9 million per year while the average salary for an NFL quarterback is about $4 million per year. Petty was a dominant force in NASCAR racing in the 1960s and 1970s, winning seven NASCAR Cup Series championships and 200 races. The top drivers in the sport dont do as well when theyre compared to other sports. NASCAR is fortunate to have a strong foundation of partners that play a significant role in our sport, including financial support at each of the events as well as year-end awards, Cassidy said to The Gazette. That includes jobs and tax revenue attributed to the Daytona International Speedway, the racetrack where the event takes place. earnings and the rest from endorsements & licensing. The table below shows the top ten highest paid NASCAR drivers. The amount of money a NASCAR driver makes in a race depends on what the race is and where they finish. UPDATE: NASCAR wrapped up its championships this weekend in Phoenix. That alone would be impressive, but there are also race winnings to consider. Copyright 2023 Sporting News Holdings Limited. Team salaries: $2.5-3.5 million, or an average salary of ~$30,000/year for ~100 employees Travel: $1 million per team Tires: $1 million per team ($20,000 per race weekend plus testing). Commission, a sports betting vendor registration, under registration number #100400, issued by the Director His sponsors are Kohler Generators, Fastenal, Violet Defense, Castrol, Wyndham Rewards, and Solomon Plumbing. How much money do NASCAR drivers make per race? That share of the purse was about on par with the previous Daytona 500's in recent history. Factoring that in makes NASCAR drivers the highest paid of any televised competitive sport. We support responsible gambling. As we explain below, that $1.5 million is only salary. If youre marketable and good at the sport, a NASCAR driver can make a decent earning. The higher a driver finishes in rankings, the more you can prove to sponsors and fans how good you are. As a result, the specific numbers behind the associations are lost to even the most devoted fans. 2019 5.1 million viewers, down from 5.6 million in 2018, 2019 1.1 million viewers, down from 1.2 million in 2018, 2019 956,000 viewers, slightly up from 931,000 in 2018. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'sportscriber_com-box-4','ezslot_2',115,'0','0'])};__ez_fad_position('div-gpt-ad-sportscriber_com-box-4-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'sportscriber_com-box-4','ezslot_3',115,'0','1'])};__ez_fad_position('div-gpt-ad-sportscriber_com-box-4-0_1');.box-4-multi-115{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}So on and so forth.