If there is one thing we know for sure about racing, it’s that it is an expensive sport. The actual cars being raced in, at least in Formula 2, can cost roughly somewhere around $650,000 to upwards of over a million dollars. Add up the cost to travel, maintain the vehicle, and just general expenses, you have a pretty expensive hobby. With so much money being pumped into these racing leagues, some have called into question how much drivers are being paid. There have been varying reports of how much F2 drivers actually make, and that’s because the structure of racing can be confusing in general.
In racing, you have Formula 1 or F1 as the top-tier premier racing league. Those are where your best and most marketable racers will perform. There are no purses given out during each race in any formula racing league, meaning that finishing in a specific position does not guarantee you money. Some racers can obtain bonuses for winning via their contract, but it’s rarer to see in F2. In large-part, sponsors are the most efficient way for racers to earn a bag for their hard work. Here is a breakdown of how much F2 drivers make.