The Indianapolis 500, often referred to as the Indy 500, is an annual automobile race held at the Indianapolis Motor Speedway in Indiana. It is part of the IndyCar Series and is one of the oldest and most prestigious motorsport events in the world, first taking place in 1911. The race covers 500 miles, consisting of 200 laps around the 2.5-mile oval track. The Indy 500 typically occurs on the last Sunday of May and attracts a large audience, both in-person and through broadcasts. It features high-speed racing with cars reaching speeds over 230 mph. Winning the Indy 500 is considered a significant achievement in the world of auto racing.