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4/20/2025 12:47:18 PM
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Newgarden makes record $3.6 M for Indy win; Pedersen gets rookie of year honor


Newgarden makes record $3.6 M for Indy win; Pedersen gets rookie of year honor



INDIANAPOLIS (AP)-- Josef Newgarden celebrated his very first Indianapolis 500 win Sunday night.

He cashed in Monday at the race's yearly success supper.

The two-time IndyCar champ earned a record $3.666 million for the greatest win of his career, a boost of more than $500,000 over last year's race winner, Marcus Ericsson. Newgarden's win likewise extended Team Penske's record overall to 19.

Indy's overall handbag of $17,021,500 also broke last year's mark by more than $1 million.

Race organizers approximated more than 330,000 went to the race. It was the second-largest race-day crowd because 2000 though real participation figures are not announced.

" This is the best race in the world, and it was a specifically huge month of May including packed grandstands and intense on-track action," Penske Entertainment President and CEO Mark Miles said in a declaration. "Now, we have the best end card possible for the 107th Running of the Indianapolis 500: a record-breaking purse for the history books."

Ericsson took house $1.043 million as the runner-up after showing up simply short to be the first back-to-back 500 winner given that Helio Castroneves in 2001-02. If the race finished under yellow instead of a last lap reboot, Ericsson would have gathered an extra $420,000 from BorgWarner. Ericsson is in an agreement year with Chip Ganassi Racing and has stated he wants to stick with the team.

Benjamin Pedersen continued A.J. Foyt Enterprises big month as he was picked as the race's rookie of the year. He gathered $215,300, consisting of a $50,000 reward for the award. Pedersen's teammate, Santino Ferrucci, made the six-car pole shootout and finished third in the race-- the best proving by a Foyt motorist because 1999.

Ferrucci is the only motorist who has completed all 200 laps and posted a top-10 finish in each of the past five 500s.

The average payment for Sunday's race was $500,600, which likewise topped last year's average by more than $15,000.

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Elwood Hill
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Elwood Hill

Elwood Hill is an award-winning journalist with more than 18 years' of experience in the industry. Throughout his career, John has worked on a variety of different stories and assignments including national politics, local sports, and international business news. Elwood graduated from Northwestern University with a degree in journalism and immediately began working for Breaking Now News as lead journalist.

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