Indianapolis 500 yarışı yine dünya şampiyonası takviminde yer alıyordu ve her zamanki gibi Avrupa takımları katılmamıştı. Sıralamalarda ağır bir kaza geçiren Jerry Unser duvara çarptıktan sonra alev alan araçtan ağır yanıklarla kurtuldu ancak 17 gün sonra hayatını kaybetti.
Yarışın galibi ise Rodger Ward oldu.
| POS | NO | DRIVER | ENTRANT | LAPS | TIME/RETIREMENT | QUAL POS |
| 1 | 5 | Rodger Ward | Watson-Offenhauser | 200 | 3h40m49.200s | 6 |
| 2 | 16 | J Rathmann | Watson-Offenhauser | 200 | 3h41m12.477s | 3 |
| 3 | 3 | J Thomson | Lesovsky-Offenhauser | 200 | 1 | |
| 4 | 1 | T Bettenhausen | Epperly-Offenhauser | 200 | 15 | |
| 5 | 99 | P Goldsmith | Epperly-Offenhauser | 200 | 16 | |
| 6 | 33 | J Boyd | Epperly-Offenhauser | 200 | 11 | |
| 7 | 37 | D Carter | Kurtis Kraft-Offenhauser | 200 | 12 | |
| 8 | 19 | E Johnson | Kurtis Kraft-Offenhauser 500G | 200 | 8 | |
| 9 | 45 | P Russo | Kurtis Kraft-Offenhauser 500G | 200 | 27 | |
| 10 | 10 | A J Foyt | Kuzma-Offenhauser | 200 | 17 | |
| 11 | 88 | G Hartley | Kuzma-Offenhauser | 200 | 9 | |
| 12 | 74 | B Veith | Moore-Offenhauser | 200 | 7 | |
| 13 | 89 | A Herman | Dunn-Offenhauser | 200 | 23 | |
| 14 | 66 | J Daywalt | Kurtis Kraft-Offenhauser | 200 | 13 | |
| 15 | 71 | C Arnold | Kurtis Kraft-Offenhauser | 200 | 21 | |
| 16 | 58 | J McWhitney | Kurtis Kraft-Offenhauser 500C | 200 | 33 | |
| 17r | 44 | E Sachs | Kuzma-Offenhauser | 182 | Spin | 2 |
| 18r | 57 | A Keller | Kuzma-Offenhauser | 163 | Engine | 28 |
| 19r | 64 | P Flaherty | Watson-Offenhauser | 162 | Accident | 18 |
| 20r | 73 | D Rathman | Watson-Offenhauser | 150 | Fire In Pits | 4 |
| 21r | 53 | B Cheesbourg | Kuzma-Offenhauser | 147 | Magneto | 30 |
| 22r | 15 | D Freeland | Kurtis Kraft-Offenhauser 500G | 136 | Magneto | 25 |
| 23r | 49 | R Crawford | Elder-Offenhauser | 115 | Accident | 32 |
| 24r | 9 | D Branson | Phillips-Offenhauser | 112 | Mechanical | 10 |
| 25r | 65 | B Christie | Kurtis Kraft-Offenhauser 500C | 109 | Engine | 24 |
| 26r | 48 | B Grim | Kurtis Kraft-Offenhauser 500G | 85 | Magneto | 5 |
| 27r | 24 | J Turner | Christensen-Offenhauser | 47 | Fuel Tank | 14 |
| 28r | 47 | C Weyant | Kurtis Kraft-Offenhauser 500G | 45 | Accident | 29 |
| 29r | 7 | J Larson | Kurtis Kraft-Offenhauser | 45 | Accident | 19 |
| 30r | 77 | M Magill | Sutton-Offenhauser | 45 | Accident | 31 |
| 31r | 87 | R Amick | Kurtis Kraft-Offenhauser 500C | 45 | Accident | 26 |
| 32r | 8 | L Sutton | Lesovsky-Offenhauser | 34 | Accident | 22 |
| 33r | 6 | J Bryan | Epperly-Offenhauser | 1 | Engine | 20 |