NASCAR: Illinois Allocates $5M for money-losing Chicago Race

San Diego has surfaced as a possible NASCAR Cup Street race venue, replacing the money-losing Chicago Street Race.  Worried, Chicago has committed $5 million from the state’s general revenue fund to prop up its 2025 race, injecting voodoo economics into the event.

Despite uncertainties looming over the contract extension with NASCAR beyond 2025, the Windy City is doubling down on its commitment to host the iconic event.

The unexpected allocation of funds demonstrates Chicago’s determination to hold onto the race, even without a guaranteed return on investment. Governor J.B. Pritzker defended the budget line, emphasizing the significant economic benefits the event brings to the state. In 2024 alone, the NASCAR weekend in Chicago generated an estimated $128.1 million in local economic impact, showcasing the financial potential the race holds.

While the decision to inject $5 million into the event underscores that Chicago is a big money loser, with NASCAR Commissioner Steve Phelps revealing that the race in Chicago has yet to turn a profit, despite the exposure it provides.

As Chicago battles to retain its status as a NASCAR host city, a new contender emerges on the horizon. San Diego has surfaced as a promising alternative, offering near-perfect weather conditions and a strategic geographic location. Discussions between NASCAR and the San Diego Sports Tourism Commission for a potential 2026 street race are reportedly in progress, hinting at a possible shift in NASCAR’s urban racing landscape.

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