The Daytona 500 is a 200-lap, 500 miles (800 km) long NASCAR Sprint Cup Series race held annually at the Daytona International Speedway in Daytona Beach, Florida. It is one of four restrictor plate races on the Cup schedule. In 2008, the race celebrated its 50th running.
The Daytona 500 is regarded by many as the most important and prestigious race on the NASCAR calendar, carrying by far the largest purse. Championship points awarded are equal to that of any other Sprint Cup race. It is also NASCAR's first race of the year; this phenomenon is virtually unique in sports, which tend to have championships or other major events at the end of the season rather than the start. Since 1995, U.S. television ratings for the Daytona 500 have been the highest for any auto race of the year, surpassing the traditional leader, the Indianapolis 500 which greatly surpasses the Daytona 500 in in-track attendance.
The event serves as the final event of Speedweeks and is known as "The Great American Race" and the "Super Bowl of Stock Car Racing." It is held the third or second Sunday in February, and since 1971, has been loosely associated with Presidents Day weekend.
The winner of the Daytona 500 is presented with the Harley J. Earl Trophy in Victory Lane, and the winning car is displayed, in race-winning condition, for one year at Daytona 500 Experience, a museum and gallery adjacent to Daytona International Speedway.
Qualifying is unique at Daytona for the 500. Some teams must race their way into the Daytona 500 field. However, since 2005, all exempt teams (the top 35 teams of the previous year in owner points) are guaranteed a spot in the Daytona 500. The first row is set by one round of qualifying, normally held one week before the race. (Prior to 2003, this was two rounds; prior to 2001, it was three.) The remainder of the field is set by a pair of qualifying races (these were 100 miles from 1959-1967; 125 miles from 1969-2004; and 150 miles, with two-lap overtime if necessary, beginning in 2005. These races were not held in 1968 because of rain). The top two drivers from the qualifying races that are not in the top 35 in owner points are given spots on the field, and the rest is set by the finishing order of the duels, with guaranteed spots to those in the top 35. The remaining spots, 40 to 43 are filled by top qualifying times of those not already in the field from the qualifying race. If there is a previous NASCAR Champion without a spot, he will get one of those four spots, otherwise, the fourth fastest car is added to the field.
Prior to 2005, after the top two cars were set, the top 14 cars in the qualifying races advanced to the field, and then between six (1998-2003), eight (1995-97, 2004), or ten (until 1994) fastest cars which did not advance from the qualifying race were added, and, since the mid-1980s, between two and seven cars were added by previous year's points performance and or championship.
