How much money does the Indy 500 winner receive? Prize purse explained

How has the prize fund for the Indy 500 evolved?
Since its first running in 1911, the winner’s take-home check has ballooned from the $14,250 that Ray Harroun received that year. 
Over time, some serious financial barriers were broken, notably in 1957 when Sam Hanks took home $103k, Danny Sullivan’s famous spin-and-win was worth $517,662 and we had our first millionaire victory in …Keep reading