IndyCar's $2.75B Economic Impact: Mark Miles, Tony Kanaan & Conor Daly

Indiana's motorsports industry generates more than $2.75 billion in economic impact and supports roughly 11,300 full-time jobs, according to a Performance Racing Industry study. This edition of Inside Indiana Business, recorded at the Indianapolis Motor Speedway, examines the business forces behind that figure. Mark Miles, CEO of IndyCar and Penske Entertainment, details the series' 44% television viewership increase through the first five races of the 2025 season, its collaboration with Jerry Jones and the Dallas Cowboys on a new street race in Arlington, Texas, and the path toward competing with NASCAR and Formula 1 for broadcast revenue by around 2030. Fox Sports, which owns a one-third stake in the series beyond its broadcast rights, plays a central role in that strategy. Rollie Helmling, motorsports director for the Indiana Economic Development Corporation, breaks down the roughly 700,000 square feet of new racing facility construction in the Indianapolis metropolitan area in recent years, from TWG Motorsports' Cadillac Formula 1 operation in Fishers to McLaren's renovated IndyCar shop. He also outlines the full calendar of major motorsports events that make Indiana a global hub alongside Charlotte and the U.K.'s Motorsport Valley. Noblesville native Conor Daly, preparing for his 13th Indianapolis 500, discusses what keeps him motivated. Tony Kanaan, the 2013 Indy 500 champion now serving as team principal at Arrow McLaren, explains how the physical and mental disciplines he developed as a driver shape how he leads a 130-person organization. Also covered: Eli Lilly's additional $4.5 billion investment in its Lebanon, Indiana manufacturing campus, on the company's 150th anniversary. Inside Indiana Business is hosted by Gerry Dick and produced by IBJ Media.