The race is the most prestigious event of the IndyCar calendar, and one of the oldest and most important automobile races. It has been reported to be the largest single-day sporting event in the world. Likewise, the Indianapolis Motor Speedway itself is regarded as the world's largest sporting facility in terms of capacity. The total purse exceeded $13 million in 2011, with over $2.5 million awarded to the winner, making it one of the richest cash prize funds in sports.