What is the prize purse?

"Prize purse" is a portion of the money that was paid as an "Entrance fee" for the car and driver to enter the race. This portion (3 - 5% say) times the number of "entrants" equals the total "prize purse" and the rest of the entrance fees goes to track maintainence, track workers wages, property taxes, etc and the biggest cost "insurance" on the track property as a whole (They have to insure the entire property, parking lot included for extra coverage on race days, flea markets, car shows, etc). The track knows six months in advance how many "entrants" (Cars, Drivers, Mechanics and Staff) are going to show up for each race. Thats why they can advertise a "Purse Prize" weeks ahead of the race day. You pay track property and insurance coverage even when you go to a flea market at the track (Example - "$5 entrance fee"). Yes, the winning driver gets a beautiful watch as well, engraved with the name of the race and the date.

Don't know but the winners get a customized one of kind Rolex watch