Josef Newgarden Can Win BorgWarner Rolling Jackpot Again with Third Consecutive Indianapolis 500 Win

Rhea-AI Summary

BorgWarner (BWA) has reset its rolling jackpot to $20,000 for the 2025 Indianapolis 500 after Josef Newgarden claimed $440,000 with his victory in 2024. Newgarden has the historic opportunity to become the first driver to win the Indy 500 three consecutive times and claim the jackpot. Team owner Roger Penske aims for his 21st Indy 500 win.

The BorgWarner rolling jackpot, established in 1995, increases by $20,000 annually for consecutive wins. Only two drivers have claimed it: Helio Castroneves ($160,000) in 2002 and Newgarden ($440,000) in 2024. The 109th Running of the Indianapolis 500 will take place on Sunday, May 25. If Newgarden doesn't win, the jackpot will roll over to $40,000 for 2026.

• Jackpot reset to $20,000 for 2025 after Newgarden claimed $440,000 with win at the 2024 Indianapolis 500
• No driver has won the race in three consecutive years
• Roger Penske aims to extend record with 21^st Indy 500 win as team owner

AUBURN HILLS, Mich., May 12, 2025 /PRNewswire/ -- The BorgWarner rolling jackpot has been reset to $20,000 after Josef Newgarden earned $440,000 with his Indianapolis 500 win in 2024. This year, Newgarden has the opportunity to make history as the first driver to win the Indy 500 three consecutive years and receive an additional $20,000. Additionally, team owner Roger Penske will look to put his name in the history books again with a 21^st win in The Greatest Spectacle in Racing. As team owner, Penske has won three consecutive times before, starting with Helio Castroneves in 2001 and 2002 and Gil de Ferran in 2003.

Established by BorgWarner in 1995, the jackpot increases by $20,000 each year, adding motivation for drivers to get to the yard of bricks first in consecutive years. The prize money has been claimed twice; the first time was in 2002 by Brazilian driver Castroneves, banking $160,000 after his second and third Indy 500 wins in 2001 and 2002. Newgarden earned $440,000, the largest sum to date, with his first and second Indy 500 wins in 2023 and 2024. Before the jackpot, only four other drivers had won Indianapolis 500s in consecutive years – Wilbur Shaw (1939-1940), Mauri Rose (1947-1948), Bill Vukovich (1953-1954) and Al Unser (1970-1971).

"I'm honored to carry on the legacy of the Borg-Warner Trophy and continue with the traditions that make the Indianapolis 500 so unique and exciting, including the BorgWarner rolling jackpot," said Joseph Fadool, President and CEO, BorgWarner. "Josef has the opportunity to do something that has never been done this year, and we at BorgWarner are eager to see if he's going to make history."

The green flag will fly at Indianapolis Motor Speedway on Sunday, May 25, officially starting the 109^th Running of the Indianapolis 500. If Newgarden wins again, beyond making history by being the only driver to win three consecutive Indy 500s and earning the rolling jackpot, he will again have the high honor of his image being sculpted, cast in sterling silver and mounted on the iconic Borg-Warner Trophy. Following the celebrations, he will be presented with his third BorgWarner Championship Driver's Trophy™ or the "Baby Borg" – a miniature version of the much larger 110-pound sterling silver Borg-Warner Trophy.

If Newgarden does not win, the funds for the jackpot will roll over to the 2026 Indy 500, totaling at $40,000.

About BorgWarner

For more than 130 years, BorgWarner has been a transformative global product leader bringing successful mobility innovation to market. With a focus on sustainability, we're helping to build a cleaner, healthier, safer future for all.

The Borg-Warner Trophy, BorgWarner Championship Driver's Trophy, and BorgWarner Championship Team Owner's Trophy are trademarks of BorgWarner Inc.

Forward Looking Statements: This release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "guidance," "initiative," "intends," "may," "outlook," "plans," "potential," "predicts," "project," "pursue," "seek," "should ," "target," "when," "will," "would," and variations of such words and similar expressions are intended to identify such forward-looking statements. Further, all statements, other than statements of historical fact, contained or incorporated by reference in this release that we expect or anticipate will or may occur in the future regarding our business strategy, goals, plans, references to future success and other such matters, are forward-looking statements. All forward-looking statements are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate under the circumstances. Forward-looking statements are not guarantees of performance, and the Company's actual results may differ materially from those expressed, projected or implied in or by the forward-looking statements.

You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. These risks and uncertainties, among others, include: supply disruptions impacting us or our customers, commodity availability and pricing, and an inability to achieve expected levels of recoverability in commercial negotiations with customers concerning these costs; competitive challenges from existing and new competitors, including original equipment manufacturer ("OEM") customers; the challenges associated with rapidly changing technologies, particularly as they relate to electric vehicles, and our ability to innovate in response; the difficulty in forecasting demand for electric vehicles and our electric vehicles revenue growth; future changes in laws and regulations, including, by way of example, taxes and tariffs, in the countries in which we operate; potential disruptions in the global economy caused by wars or other geopolitical conflicts; the ability to identify targets and consummate acquisitions on acceptable terms; failure to realize the expected benefits of acquisitions on a timely basis; the possibility that our 2023 tax-free spin-off of our former Fuel Systems and Aftermarket segments into a separate publicly traded company will not achieve its intended benefits; the failure to promptly and effectively integrate acquired businesses; the potential for unknown or inestimable liabilities relating to the acquired businesses; our dependence on automotive and truck production, which is highly cyclical and subject to disruptions; our reliance on major OEM customers; impacts of any future strikes involving any of our OEM customers and any actions such OEM customers take in response; fluctuations in interest rates and foreign currency exchange rates; our dependence on information systems; the uncertainty of the global economic environment; the outcome of existing or any future legal proceedings, including litigation with respect to various claims, or governmental investigations, including related litigation; impacts from any potential future acquisition or disposition transactions; and the other risks, noted in reports that we file with the Securities and Exchange Commission, including Item 1A, "Risk Factors" in our most recently-filed Form 10-K and/or Quarterly Report on Form 10-Q. We do not undertake any obligation to update or announce publicly any updates to or revisions to any of the forward-looking statements in this release to reflect any change in our expectations or any change in events, conditions, circumstances, or assumptions underlying the statements.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/josef-newgarden-can-win-borgwarner-rolling-jackpot-again-with-third-consecutive-indianapolis-500-win-302450850.html

SOURCE BorgWarner

FAQ

What is the BorgWarner rolling jackpot for the 2025 Indianapolis 500?

The BorgWarner rolling jackpot for the 2025 Indianapolis 500 is $20,000, having been reset after Josef Newgarden's consecutive wins in 2023 and 2024 earned him $440,000.

How much did Josef Newgarden win from the BorgWarner jackpot in 2024?

Josef Newgarden won $440,000 from the BorgWarner rolling jackpot in 2024 after winning consecutive Indianapolis 500 races in 2023 and 2024.

How does the BorgWarner rolling jackpot work?

The BorgWarner rolling jackpot, established in 1995, increases by $20,000 each year and is awarded to drivers who win consecutive Indianapolis 500 races. If no consecutive wins occur, the amount rolls over to the next year.

Who has won the BorgWarner rolling jackpot before?

Only two drivers have won the BorgWarner rolling jackpot: Helio Castroneves, who won $160,000 in 2002, and Josef Newgarden, who won $440,000 in 2024.

Has anyone ever won three consecutive Indianapolis 500 races?

No driver has ever won the Indianapolis 500 three consecutive times. Josef Newgarden has the opportunity to be the first in 2025, following his wins in 2023 and 2024.