The famous racing event held at the Indianapolis Motor Speedway is the Indianapolis 500, commonly known as the Indy 500. This premier automobile race takes place annually and is part of the IndyCar Series. The event attracts large crowds and features the world’s best open-wheel drivers competing over 500 miles. The Indy 500 has a rich history, making it one of the most prestigious motor racing events globally, celebrated for its speed, strategy, and tradition.