Pit crews can adjust their routines, practice to reduce errors, and become acquainted with their pit lane box thanks to the competition. Past sponsors of the competition include Miller, Coors, Checkers/Rally's, McDonald's, Izod, TAG Heuer, and Ruoff Mortgage. It was canceled in 2008 due to rain, and all advertized prize monies were donated to charity; it was also canceled in both 2020 and 2021 because of the COVID-19 pandemic in Indiana. , the record for the most victories is held by Team Penske with 18 wins since their first win in the 1981 final. Galles Racing are in second place with six wins, and Chip Ganassi Racing are third with four victories. Hélio Castroneves has the most victories among drivers, with eight, followed by Scott Dixon and Danny Sullivan with four wins each. Rick Rinaman has four wins, more than any other chief mechanic. Travis Law, Matt Jonsson, Owen Snyder, and Travis Law follow in second place with three victories each. The inaugural winner was Carrillo (Jim McElreath) in the 1977 final, while the most recent winner was Chip Ganassi Racing (Dixon) in the 2023 final.
