NASCAR drivers also make money from winnings, endorsements and merchandise money. The top drivers in the sport dont do as well when theyre compared to other sports. He starts the 2020 season on a 95-race winless streak, the longest of his career. We cans safely guess that Kyle Larson received the bulk of the money. The $23.6 million 2020 Daytona 500 purse is the highest in American motorsports history, according to a NASCAR announcement. Danica Patrick is the 8th highest paid NASCAR driver in the world, though its thanks only in small part to her salary. But is that the real story? The NFL has endured kneeling and concussion controversies and its commissioner Roger Goodell is currently doing his best to expand the league worldwide, but there is so much money involved right now that it is difficult to imagine them losing their dominance any time soon. The average NFL salary is more than double the median. Just enter your email address and let us know what you're interested in. To know how much money does a Nascar driver make per race, it is important to assess your racing skills. 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. We respect your privacy. Copyright 2023 Sporting News Holdings Limited. contains amateur races who are new to the track. These results are similar to where the pay gap stood in 2002, when women earned 80% as much as men. Heres what we do know. Before Elliott was named Nascars most popular driver for the second straight year in 2019. She is African American, and their marriage has brought attention to issues of diversity and inclusion in NASCAR. According to figures obtained by the Labour Party, the biggest energy companies have recorded 7bn in profits so far in 2023 - equivalent to 60m per day. The higher a driver finishes in rankings, the more you can prove to sponsors and fans how good you are. The table below shows median NASCAR pay by year. 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. The NFL overall ratings overshadow even the best NASCAR races. But he landed in a similar spot than a lesser-known racer thanks to his agreement with the company. The answer to this depends on your skill levels. For example, the average NBA salary is about double the typical salary. 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. Highest Paid NBA Commentators 2022 (All Current Salaries). 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/. The NFL teams play 16 games in a regular-season while in NASCAR there are three major National Touring Series: The NFL has 32 teams with 53 players on each with 46 players declared active for each game, while each NASCAR series has its own car/truck count: You can compare the NASCAR Charter System to the medallion system used by taxicabs in New York City. Thanks to @WeisMarkets & @Royal_Farms for riding with us. know that racers are classified into two categories. There are 256 total regular-season NFL games each year while in 2018 there were 36 NASCAR races. Johnson announced he will retire at the end of 2020 when his contract with Hendrick Motorsports finishes. 11. Kurt Busch drives for team 23XI Racing. According to the Econ Review, NFL viewers in the United Kingdom increased by 60% in 2017, not an easy feat given that rugby is the primary sport known to those English sports fans. At Daytona the highest-dollar race on the schedule BK Racing won $428,794 for 20th place; otherwise, the team never made more than about $100,000 for any race. Once you earn the trust of sponsors, you can get them to fund your races before you grow to a level where you can invest in your own car. It has to do with the sport's charter system, which guarantees revenue to 36 of the 40 cars in each field. Min. The sport of NASCAR may not be as rich as the multi-billion-dollar NFL, but that doesnt mean its poor, either. 48 car at Hendrick Motorsports. New Users Only. NASCAR Cup Drivers income stems from Salaries from the teams, sponsorships, merchandise deals, endorsements, and shares of the prize money. In NASCAR the owners of their medallions, which are called charters, are guaranteed starting spots in every race. 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. So ideally, the more races they win, the more they make and the more endorsement deals that come pouring in. NFL players average in size anywhere from 5-foot-11 and 193-pounds (cornerbacks) to 6-foot-5 and 315-pounds (offensive line), while the average NASCAR driver is not quite 5-foot-10 and weighs on average 180 pounds, and any drivers who weighless have to add 10 pounds to their car for every 10 pounds down to 140. Interestingly, one of them is a woman, which we dont tend to see in professional sports. In 2019, it was estimated that 9.17 million viewers tuned into the Dayton 500 to watch Denny Hamlin win in his #11 Toyota. affiliate links and make purchases, WSN earns a commission from our partners, including ESPN and various number 94414163), granted a vendor registration number VR007603-20-001 by the Michigan Gaming Control Board, The National Association for Stock Car Auto Racing (NASCAR) is a prestige sanctioning body that allows drivers and teams to join various race competitions. The Daytona 500 is called the Super Bowl of NASCAR races, and it is estimated that it is responsible for about $2 billion annually added to the state of Floridas economy. Drivers in the upper 10% make a significantly higher portion of their total earnings from endorsements. Premium Statistic NASCAR drivers with the most social media mentions during the playoffs in 2019 . This money went to a drivers team; however, as the people in the garage had to be paid too. But drivers must perform extremely well and draw a lot of fan interest. The NASCAR season is divided into two segments, with currently 36 races in the season. retired, Nascar did suffer a bit. sport; therefore, you should be on your toes always to find the money for it, Racing Looked at another way, what other major televised sport pits women against men on the same playing field? In NASCAR, only 82 full time drivers fill the ranks, making the odds of becoming a pro driver a lot lower than succeeding in the other sports. We and our partners use cookies to Store and/or access information on a device. He races for the Joe Gibbs Racing team and earns $10,400,000, making him the fourth highest-paid NASCAR driver. We support responsible gambling. This is not the case. Top end players in the other leagues generally do better than NASCAR drivers, with the exception of the NHL. Also see:How Much Money Does an NBA Player Make? WWE Raw Results: Winners And Grades After 2023 WWE Draft Concludes, FC Barcelona Study Playing In Foreign Leagues In Fear Of Possible Sanctions: Reports, Los Angeles Chargers Trigger The Club Option On Justin Herberts Deal, But Pass On Doing So With Kenneth Murray, In Draft Flier Kayshon Boutte, The New England Patriots Hope To Find All The Potential In The World, Wolfsburg Reach Womens Champions League Final In Front Of Record Attendance. It seems Patrick is valued more highly by fans and sponsors than she is by her team at Stewart-Haas Racing. Continue with Recommended Cookies. 1-800-GAMBLER (NJ, PA, WV), 1-800-9-WITH-IT (IN), 1-800-BETS-OFF (IA), 1-800-522-4700 (NV), 1-800-522-4700 Hello, my name is Idammah, and I am the founder of Wolfionaire.com, a personal development, and finance blog focused on motivation, success, and wealth. (For more details on the players respectful protest, please read our extensive article explaining the NFL kneeling controversy.). In 2015 he made nearly $15 million in salary and winnings, plus another $9 million from endorsement deals for a total of almost $24 million. The typical NASCAR driver makes more money from winnings than from salary and the least money from endorsements and merchandise royalties. How to Watch ESPN Online: What Streaming Service Has ESPN? with the Indiana Gaming Commission (IGC) under certificate of registration number SWR-000148, approved by When you sign-up through links on our site, we may earn an affiliate commission. | 29 April, 2023 | Grant Mitchell. Compare those totals to the Daytona 500 in 2002 when 18.78 million viewers saw Ward Burton win with his #22 Dodge. consistency in racing. He completed the race at Dover International Speedway at No. These purses were lucrative, with winners making $47,500 and the losers taking home a cool $8,500 on average. NBCsSunday Night Football, ESPNsMonday Night Footballand the sharedThursday Night Footballpackage (between NBC, CBS, NFL Network and Amazon) all declined in viewership for the second straight season. Bowyer, who turns 41 in May, has won only two races over the past seven years. As every driver has a different feel as to what their merchandise may do revenue-wise. Each of their net worth is well over $1 million. It would likely be the first NASCAR race to award the winner upward of $2 million. 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. Race will be followed by the Bluegreen Vacations Duel qualifying races, and the 64th running of the Daytona 500 on February 20 at Daytona International Speedway. While thats not exactly equality, its a lot closer to it than the NBA or NFL. He explained 3 of the different scenarios. Advertising disclosure: WSN contains links to online retailers on its website. Since 2016, the company has kept race purses and prize money private. 2. Busch's teammate at Joe Gibbs Racing, Denny Hamlin, is the second-highest-paid driver, with an estimated salary of $13,100,000. what all goes into the making of a race car and be thorough of its mechanics, Help How much money does the winning driver make? Copyright 2023 Endgame360 Inc. All Rights Reserved. Startup costs are even higher, requiring about $18 million in initial investments to get a one-car team . NASCAR pit crews can make between $80,000 and $300,000 per season, depending on their experience and which NASCAR team they are working for. Compensation for Merchandise: Can be anything. The year before that, about 9.3 million viewers watched the event. The amount of money on the line at a given NASCAR race varies significantly. Adding up median salary, race winnings and endorsement money puts the median NASCAR drivers total pay up over $5 million per year. While there are a few black NASCAR drivers, the field does not exactly overflow with them. Anheuser-Busch InBev and Fiat Chrysler Automotive were the top-spending parent companies in that game. Driving a No. As with the other American sports leagues weve compared to the NFL (NBA, MLB, NHL,MLS, and UFC), NASCAR just cant measure up to its powerful football counterpoint. Apr 6 2023 William Byron Fined crew chief $75,000 + suspended two races, loss of 60 team and driver points, loss of 5 team and driver playoff points for unapproved parts modification Apr 3 2023 Kyle Larson Loss of team and driver points (regular season and playoff) returned after appeal Also using set amounts helps them with their financial forecasting. These earnings If Rookies typically start off at the NFL minimum, but exceptions are made for exceptional players. The major league sports mostly have room for over a thousand players each, with the exception of the NBA. The starting and average salaries are also much higher in Formula 1, with . The 37-year-old drives in all three NASCAR national series and races full-time in the NASCAR Cup Series. The highest paid driver made $16.9 million in the 2022 season, and the lowest paid driver made $200,000.
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