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The Indianapolis 500-Mile Race is an automobile race held annually at the Indianapolis Motor Speedway inSpeedway, Indiana, an enclave suburb of Indianapolis, Indiana. The event is held over Memorial Day weekend, which is typically the last weekend in May. It is contested as part of the Verizon IndyCar Series, the top level ofAmerican Championship Car racing, an open-wheel formula colloquially known as "Indy Car Racing." The event, billed as The Greatest Spectacle in Racing, is considered one of the three most prestigiousmotorsports events in the world. The official attendance is not disclosed by Speedway management, but the permanent seating capacity is upwards of 250,000, and infield patrons raise the race-day attendance to approximately 300,000.