Industry Analysis & Industry Trends
Higher disposable income and recreational spending will help the Drag Racing and Road Racing Promoters industry turn around in the coming years after a few tough years during the recession. Additionally, rising corporate profit will support industry revenue growth since corporate sponsorships account for about 15.0% of industry revenue. With greater profit, businesses are more likely to sponsor a drag racing team or event. Nonetheless, industry demand will be limited by several factors, including increased access to internet and heightened external.... purchase to read more
Industry Report - Industry Products Chapter
Registration fees generate the largest portion of revenue for the industry, estimated at about 55.0%. These fees can range anywhere from a hundred dollars to thousands of dollars; drag racing's highest paying event, the Million Dollar Drag Race, requires an entry fee of $2,000. While much of this revenue is paid out to the winner, it is also the most susceptible to price increases during times of low attendance or economic difficulty.
Registration prices may also increase to raise the amount of prize money awarded, helping to improve the prestige of an event. Registration fees allow drivers to participate in the event and typically include a predetermined number of event credentials for crew members... purchase to read more