Indy 500 payout by position 2023: How much prize money will winner Josef Newgarden get?

Josef Newgarden overtook Marcus defending race champion Marcus Ericsson in the final lap to win the Indy 500 on Sunday. Alexander Rossi came fifth.

The 107th Indy 500 race was thrilling. It witnessed three crashes in the last 16 laps and restarts were criticized by several drivers, including Ericsson and Rossi.

Also read: Why Josef Newgarden is celebrating Indy 500 win with whole milk

Felix Rosenqvist first got into a wall and Kyle Kirkwood, trying to avoid spinning, clipped his tire. Pato O’Ward, who held the lead over Marcus Ericsson and Joseph Newgarden, when the race restarted was overtaken. In order, to get his place back with eight laps left, he made an aggressive move to pass Ericsson and chase down Newgarden.

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He crashed. However, one final restart saw Newgarden overtake Ericsson for the win.

Final finishing order: Josef Newgarden, Marcus Ericsson, Santino Ferrucci, Alex Palou, Alexander Rossi, Scott Dixon, Takuma Sato, Conor Daly, Colton Herta, Rinus VeeKay, Ryan Hunter-Reay, Callumm Illott, Devlin DeFrancesco, Scott McLaughlin, Helio Castroneves, Tony Kanaan, Marco Andretti, Jack Harvey, Christian Lundgaard, Ed Carpenter, Benjamin Pedersen, Graham Rahal, Will Power, Pato O’Ward, Simon Pagenaud, Agustin Canapino, Felix Rosenqvist, Kyle Kirkwood, David Malukas, Romain Grosjean, Sting Ray Robb, R.C. Enerson, Katherine Legge.

Also Read: Kyle Kirkwood and Felix Rosenqvist crash: Are the Indy 500 drivers injured after tire flies off track?

How much money does the winner make?

He will receive prize money of $3 million (est.), as per several reports. The actual payout, however, depends on factors including pole winner, laps led and sponsorships. Ericsson won $3.1 million after his win in 2022.

Also Read: Marcus Ericsson wife: Who is Iris Tritsaris Jondahl?

What is the Indy 500 purse for 2023?
$16 million (est.). However, the figure is not official.