Briscoe's ties to Penske were also strengthened in 2007 when he was named to drive in the Indy 500 in a car owned by Stephen J. Luczo and Jay Penske, with equipment leased from defending '500' champion Penske Racing. Driving the #12 Symantec Luczo-Dragon Racing machine, Briscoe qualified 7th with a four lap average speed of 224.410. In the race on 28 May 2007, he completed all 166 laps before the race was called due to inclement weather. Briscoe finished 5th amongst the 33 participants earning him $302,305 and 30 driver points.