Why F1 Earnings Surpass NASCAR Cup Series in New Report

A recent report has highlighted a significant financial disparity between two major motorsport organizations. The findings compare the revenue generation and team payouts of Formula 1 and NASCAR’s top Cup Series.

Main News

A report from “Racing Financial Insights” compares the earnings of Formula 1 and the NASCAR Cup Series. The data indicates a large financial gap between the two racing entities.

According to the report, Formula 1 generated approximately $3.2 billion in total revenue during the 2023 season. This revenue is distributed among its ten competing teams.

In contrast, the NASCAR Cup Series generated an estimated $1.2 billion in revenue for its 2023 season. This revenue is shared among the chartered teams competing in the series.

The report states that Formula 1’s leading team, Oracle Red Bull Racing, received around $140 million in prize money from the total revenue pool. The team that won the NASCAR Cup Series championship in the same period received an estimated $15 million.

Summary

A financial analysis reveals a substantial earnings difference between Formula 1 and the NASCAR Cup Series. Formula 1’s total revenue for 2023 was reported to be $3.2 billion.

NASCAR’s top series generated an estimated $1.2 billion in the same period. This results in a smaller overall financial pie for NASCAR teams to share.

The disparity is further illustrated by championship team payouts. The winning F1 team received approximately $140 million, while the NASCAR champions earned an estimated $15 million.

FAQs

**Which sport generated more revenue, F1 or NASCAR?**
According to the report, Formula 1 generated approximately $3.2 billion in revenue in 2023. The NASCAR Cup Series generated an estimated $1.2 billion in the same period.

How much did the championship-winning teams earn?
The report states that the winning F1 team, Oracle Red Bull Racing, received around $140 million. The NASCAR Cup Series champions earned an estimated $15 million.

How many teams participate in each series?
Formula 1 has ten competing teams that share in the revenue distribution. The NASCAR Cup Series revenue is distributed among its chartered teams.

Disclaimer: This report is for informational purposes only and does not constitute financial advice. All information is based on verified reporting available at the time of publication.