Motorsports Business Powers $69.2 Billion U.S. Financial Engine, Helps Over 318,000 Jobs, New Research Finds
Groundbreaking PRI financial trade examine highlights how motorsports companies function a key driver of American financial exercise.
PRI right this moment launched a landmark examine that underscores the motorsports trade’s pivotal position as a key contributor to the U.S. financial system, supporting a whole bunch of 1000’s of jobs, producing billions in financial exercise and delivering substantial tax income.
PRI, the main voice for the motorsports trade within the U.S., commissioned the analysis, which was carried out by John Dunham & Associates, based mostly on 2025 U.S. financial system information. The examine encompasses car, truck, motorbike and UTV/side-by-side racing exercise.
Historically, financial impression studies about racing are centered on the impression of a single event–major race weekend occasions for a particular native and state financial system. These are research that look at the impression of the tourism {dollars} that come into the financial system on account of that single occasion. PRI’s report is completely different as a result of it determines the financial impression of the companies that help the existence of racing within the first place.
PRI’s analysis represents probably the most complete evaluation of motorsports’ financial footprint ever undertaken to quantify the dimensions and significance of the enterprise of racing to the U.S. financial system. It evaluates the financial contributions from a number of racing businesses–including tracks and promoters, components producers, distributors, retailers, service suppliers and included race groups.
Key findings from the examine embody:
- The trade contributes greater than $69.2 billion in annual financial impression to the American financial system.
- Nationwide, the motorsports trade helps greater than 318,000 American jobs.
- American employees within the motorsports trade earn greater than $22.1 billion value of wages and advantages.
- The trade generates greater than $8.2 billion in tax income, together with $5 billion in federal taxes and $3.2 billion in state and native taxes.
As a part of this examine, PRI additionally launched an interactive economic impact map, enabling customers to discover motorsports-related information by state and county–highlighting the trade’s attain and relevance in communities of all sizes throughout the nation. The web site additionally affords downloadable infographics that may be shared with policymakers and different companies to indicate the impression motorsports has on particular person states and communities.
The PRI Financial Affect Research gives worthwhile information in regards to the financial footprint of the motorsports trade within the U.S. PRI undertook this effort to supply policymakers, trade stakeholders and the general public with credible, data-driven insights into racing’s position as a significant driver of financial exercise, employment and tax income. The examine not solely affirms the trade’s significance but additionally serves as a foundational useful resource to tell advocacy, funding and long-term planning.
“Racing holds a particular place in American life, and this milestone report highlights the broad scope of the motorsports trade as an financial driver on the native, state and federal ranges,” mentioned PRI President Michael Good. “Utilizing these outcomes as a basis, PRI will proceed to hunt methods to foster the motorsports trade, from racetracks to producers, and from small companies to main nationwide employers, to make sure motorsports continues to the touch each a part of the nation and convey collectively folks from all walks of life for competitors and group. We’re proud to function the main voice for the motorsports trade within the U.S. and can proceed delivering the info wanted to display the trade’s financial power and worth.”
This financial impression examine represents an vital bookend to PRI’s 2024 Racing Market Report, a shopper tendencies evaluation that discovered that customers spent $8 billion on track-use-only components for motorsports in 2023.
In 2023, a examine commissioned by the SEMA discovered that the automotive aftermarket trade generates an financial impression of $337 billion yearly to the American financial system. Whereas the motorsports examine discovered small areas of overlap within the components, restore and services areas, the motorsports examine outcomes are a complement to the SEMA report. PRI was acquired by SEMA in 2012 to attach, defend and advocate for the motorsports trade.
Report Methodology
The PRI Financial Affect Research estimates the financial contributions made by the motorsports trade, which incorporates producers, distributors and retailers of automotive racing components plus racetracks, race promoters, {and professional} race groups. Information are for the US financial system in 2025. John Dunham & Associates (JDA) carried out this analysis, which was funded by Efficiency Racing Business (PRI). This work used commonplace econometric fashions first developed by the U.S. Forest Service, and now maintained by IMPLAN Inc. Information got here from the PRI, Information Axle, and different authorities sources.
About Efficiency Racing Business
Efficiency Racing Business fuels the eagerness for motorsports by constructing, selling, and defending the worldwide racing group. PRI helps the pursuits of racers, lovers, builders, tracks, sanctioning our bodies and companies by way of legislative motion and advocacy, its month-to-month enterprise journal Efficiency Racing Business, and the world’s premier motorsports commerce present, the PRI Commerce Present. PRI additionally helps companies by offering market analysis, training and finest practices in motorsports enterprise and racing expertise. For extra info, go to PerformanceRacing.com.
