Lucas Oil Late Model Payout

[weatherman85]

Does anyone know the payout for Lucas Oil events? I know certain events pay more but I was wondering the standard payout for their regular $10,000 and $12,000 to win shows. I looked all over their website but couldn't find it. Maybe I'm blind or something.

Thanks

[a25rjr]

Its usually posted on the Lucas race announcement....ie, the Boyds race purse was $43,575.

[MRM]

$10,000-to-win: 1. $10,000, 2. $5,500, 3. $3,500, 4. $2,750, 5. $2,250, 6. $1,800, 7. $1,500, 8. $1,300, 9. $1,200, 10. $1,100, 11. $1,075, 12. $1,050, 13. $1,025, 14. $1,000, 15. $950, 16. $925, 17. $900, 18. $875, 19. $850, 20. $825, 21. $800, 22. $800, 23. $800, 24. $800

$12,000-to-win: 1. $12,000, 2. $5,500, 3. $3,500, 4. $2,750, 5. $2,250, 6. $1,800, 7. $1,500, 8. $1,300, 9. $1,200, 10. $1,100, 11. $1,075, 12. $1,050, 13. $1,025, 14. $1,000, 15. $1,000, 16. $1,000, 17. $1,000, 17. $1,000, 19. $1,000, 20. $1,000, 21. $1,000, 22. $1,000, 23. $1,000, 24. $1,000

[weatherman85]

Thanks MRM!

[SLIDING SIDEWAYS]

Add $800 for show up money to the top 10 in points

[strong08]

Do they do the payouts in cash and do they collect from each track they race or the Lucas oil series its-?

[jog49]

......and then there's the franchise fee.

[a25rjr]

......and then there's the franchise fee.

Yep!......LOLMDS is a profitable business, not a non-profit such as UNICEF!

[Josh Bayko]

......and then there's the franchise fee.

It's a sanctioning fee. Track is on the hook for the entire purse.

[KAOS]

Funny thing is USAC, the PGA Tour and NHL are all registered non profits. Until recently the NFL was also a registered Non Profit. YAY the US tax code.

[MRM]

Do they do the payouts in cash and do they collect from each track they race or the Lucas oil series its-?

Each track pays the purse. It's up to the tracks whether they pay in cash or by check.

[strong08]

Do they take taxes out of the payouts. I know in go-cart racing most of the purses are straight cash. FLW and BFL tournaments they pay you straight cash and they send you a 10-99 I think that is the tax form. Since where on the subject what does most local tracks do?

[Crossbones]

......and then there's the franchise fee.

It must be worth it, they don't seem to have problems getting events, even a lot of the traditional bigger events like the topless and north/south 100.

[tiger]

Funny thing is USAC, the PGA Tour and NHL are all registered non profits. Until recently the NFL was also a registered Non Profit. YAY the US tax code.

People get confused by this, the NFL itself is a not for profit, they pay money out to players, coaches, other employees whom all pay taxes. What's left goes to the owners who pay taxes on their earnings. This is why the league was a NFP, because they pass earnings to the owners.