Five Flags Speedway is a popular asphalt racetrack located in Pensacola, Florida. Established in 1953, it features a half-mile oval track that hosts various racing events, including stock car races and late model competitions. The venue is known for its exciting atmosphere and has become a staple in the local motorsports community. The speedway is home to the annual Snowball Derby, a prestigious late model race that attracts drivers from across the country. With a seating capacity of around 5,000, Five Flags Speedway provides fans with an up-close view of the thrilling action on the track.