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The most successful car owner is Roger Penske, owner of Team Penske, which has 16 total wins and 17 poles.The Indianapolis 500 is held annually at the Indianapolis Motor Speedway, a 2.5-mile oval circuit.It is contested as part of the Verizon Indy Car Series, the top level of American Championship Car racing, an open-wheel formula colloquially known as "Indy Car Racing".

The event, billed as The Greatest Spectacle in Racing, is considered part of the Triple Crown of Motorsport, which comprises three of the most prestigious motorsports events in the world, also including the Monaco Grand Prix and the 24 Hours of Le Mans.

The official attendance is not disclosed by Speedway management, but the permanent seating capacity is upwards of 250,000, and infield patrons raise the race-day attendance to approximately 300,000. Foyt, Al Unser, and Rick Mears, each of whom have won the race four times.

It has been avouched to be the largest single-day sporting event in the entire world.

Likewise, the Indianapolis Motor Speedway itself is regarded as the world's largest sporting facility in terms of capacity.

The combination allowed the track to rapidly acquire a privileged status for automobile races.