You might be wondering how much does a speedway rider earn? The short answer is a lot! You might be thinking about taking up speedway racing as a career, but before you do, it’s important to understand how much money you can expect to make. Here’s a breakdown of the hourly, weekly, and monthly salaries of a professional motorcycle speedway racer.
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Host : Chris Harris
Guests : Andrew Tully, Matt Griffin, Timmy Reichert, and Steve Matthes.
Hourly Salary
Like any other job, you will need to put in a lot of hours to make a decent amount of money. However, as a speedway racer, you can expect to earn a lot more than you would as a regular driver. The Teamsters’ union, which handles negotiations for most professional sports, currently places the annual hourly wage of a motorcycle speedway racer at $62,950. This makes it the highest paid out of all the sports covered by the union. There’s also a large amount of overtime pay, which can boost your total earnings even more!
Keep in mind that this is only the hourly rate, and does not include other compensation such as healthcare, pension, or severance pay. On average, a professional motorcycle speedway racer will work about 48 to 52 weeks a year. This is due to the large number of races that they might have lined up for the season. As a result, you will need to make a decision on whether you want to become a full-time professional race driver or a part-time one.
Weekly Salary
The weekly salary of a professional motorcycle speedway racer is usually around $13,000. This is again, mainly due to the amount of overtime that you might earn, but it also includes a bit of a bonus when you finish in the money. It’s important to note here that weekly salaries for professional race drivers can vary widely, and it all depends on how much funding the teams and the organization that you’re working for are able to provide. It also heavily depends on your experience and the team’s luck that year.
Monthly Salary
The average monthly salary of a professional motorcycle speedway racer is usually around $5,400. This makes it the third highest paid out of all the sports covered by the union after football ($731) and hockey ($6,400). Like the weekly salary, it again, heavily depends on your experience and the teams’ luck that year. However, unlike the weekly salary, the amount varies a lot from month to month, and it can range from a low of around $2,600 to a high of around $9,400. This is mainly due to the large sums of cash that the teams and the organization are able to raise via sponsorships and ticket sales at the end of the season.
Now that you know how much money a professional motorcycle speedway racer makes, it’s time to decide if this is something that you want to pursue as a career. Keep in mind that it takes a lot of time to prepare for and compete in a championship race. Depending on your experience, it could be a full-time or part-time job, so make sure that you’re ready for that before you make any rash decisions.