Owning a racetrack can be a profitable business for anyone with a background in auto sales, auto repair, retail auto parts, hospitality, or a love for racing and passion for business and people. What do they say at the beginning of a car race? The “gentlemen, start your engines” announcement tells the drivers that the show is about to begin.
It typically costs about $100,000 per mile for two-lane pavement. Full-fledged 3.5-mile tracks usually cost $200–500 million.
Revenue Streams for Racetrack Owners
Aside from admissions sales, broadcasting revenue is one of the prime ways for NASCAR track owners to bring in revenue. Broadcasting revenue includes radio and television transmission of the races from any tracks owned.
Starting a Go-Kart Business
Understanding the steps to opening a go-kart business is key to future success. The average length for a serious racing track for karts is around 1,100 – 1,200 meters, 7 to 9 meters in width. An investment to create a karting center is high. However, the ROI is remarkably high. A project that has invested over $1,500,000 could receive the ROI in 1-2 years.
The interesting aspect is the cost involved in building a standard race track. It will cost at least $7 million to build one in the United States. The cost of building a drag strip will vary depending on location and permits required, but on average, a fully functioning one will probably cost anywhere from $1,000,000 to $4,000,000.
Do racetracks make money?
Racetracks close when they run out of money. To make our racetrack thrive, we invest in key areas: sanctioning fees to host league races, marketing, track infrastructure. Whereas drivers earn based on skills, wins, longevity. Top NASCAR drivers pocket good cash yearly, especially winners. First, teams pay $50,000-$10 million salaries. Second, race winnings. NASCAR oversees major series plus regionals. Racing difficulty compared to other motorsports. Emphasis on drama. Drivers compete in multiple series.
Brad Pitt built a $75,000 gerbil run at his French estate. It has tunnels, seesaws, platforms – most pampered vermin ever. In 2005, Pitt trained with a top architect.
To make serious CarX money: Choose the best car you have. Learn the track inside-out. Perfect smooth steering and braking points. Experiment with control settings. Master precise navigation.
Trusted sites to make money online: Complete surveys. Download apps. Withdraw through crypto, skins, PayPal, gift cards. Build a blog with quality content. Strategically add affiliate links.
As NASCAR expands nationally, it dropped some traditional tracks, upsetting core fans. Critics suggest manipulated caution flags create closer races, not improve safety as claimed.
Side hustles to make extra income: Tutor online, deliver food, walking dogs, drive for Uber, take surveys, build websites. Slow gigs may pay more long-term.