The Indy 500, officially known as the Indianapolis 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 events in motorsport, first taking place in 1911. The race covers 500 miles, consisting of 200 laps around a 2.5-mile oval track. The Indy 500 typically occurs on Memorial Day weekend in May and attracts a large audience, both in-person and through broadcasts. It features high-speed racing with cars reaching speeds over 230 mph, making it a thrilling spectacle for fans and a significant challenge for drivers.