---

Speedway Motorsports Sees Increased Broadcast Revenues Accelerating Overall Growth of Motorsports Industry

13 January 2000

Speedway Motorsports Sees Increased Broadcast Revenues Accelerating Overall Growth of Motorsports Industry

    CONCORD, N.C., Jan. 13 -- Speedway Motorsports, Inc.
today provided additional detail on the favorable impact of
NASCAR's agreements with NBC Sports, Turner Sports, FOX, and FX cable network
for the rights to the domestic television broadcast of the NASCAR Winston Cup
Series and Busch series, Grand National Division events.
    According to NASCAR Broadcast, Ltd., the total net television broadcast
revenue for the domestic rights will approximate $244 million in 2001.  Annual
increases in net television revenue will average approximately 17%.  The
annual increases will range from 15% to 21% throughout the duration of the
agreement.  The total annual net television revenue in 2006 will approximate
$534 million.  It is anticipated that approximately 95% of the total
television money will be allocated to NASCAR Winston Cup events and
approximately 5% to NASCAR Busch Series events in the 2001 season.  There is
no available estimate on the value of the ancillary rights at this time, which
are not included in the above referenced amounts.
    Speedway Motorsports' portion of the total $244 million for the domestic
television broadcast rights will approximate $67 million for the year 2001.
This is an approximate increase of $38 million over 2000.
    The domestic television broadcast revenues for the Winston Cup Series
season will be divided into three categories:  the Daytona 500, 13 premium
races and 21 standard races.  Speedway Motorsports will host seven premium
races: the Cars Direct.com at Las Vegas Motor Speedway; the DirecTV 500 at
Texas Motor Speedway; the Winston and Coca-Cola 600 at Lowe's Motor Speedway;
the SaveMart/Kragan 350 at Sears Point Raceway; the gospeedway.com at Bristol
Motor Speedway and the NAPA 500 at Atlanta Motor Speedway.
    "Based on information from NASCAR, the annual average television broadcast
revenues during the term of the agreement is approximately $400 million.  The
$244 million includes only the domestic television broadcast rights.  NASCAR
is working aggressively on the sale of the ancillary rights which include a
NASCAR Channel, internet, satellite radio, specialty pay-per-view and other
content exploitation, foreign distribution, production broadcast footage
rental, photography and other international television broadcast revenue,"
stated H.A. Wheeler, president and chief operating officer of Speedway
Motorsports.
    "These recently announced specifics of the domestic television broadcast
agreement, plus the recent outstanding announcement by R.J. Reynolds of the
doubling of the Winston Cup Series point fund to $10 million, will accelerate
the growth of the motorsports industry beyond our original expectations.  In
2001, the competitors' prize money will increase $40 million just from these
two developments."
    "The increase of dollars to the competitors will intensify competition on
the track and will further stabilize what is already considered the most
stable sport in America.  The increased revenues to the Company will enhance
our ability to improve our facilities and effectively manage our balance
sheet."
    Speedway Motorsports is a leading marketer and promoter of motorsports
entertainment in the United States.  SMI owns and operates Atlanta Motor
Speedway, Bristol Motor Speedway, Lowe's Motor Speedway at Charlotte, Las
Vegas Motor Speedway, Sears Point Raceway, and Texas Motor Speedway.  SMI also
provides event food, beverage and souvenir merchandising services through its
Finish Line Events subsidiary, and manufactures and distributes smaller-scale,
modified racing cars through its 600 Racing subsidiary.
   The news release contains forward-looking statements with regard to SMI's
growth potential, future operations and financial results based on statements
made to the Company's management by NASCAR representatives.  There are many
factors that affect future events and trends of business.  These factors, and
other factors set forth in the Company's filings with the Securities and
Exchange Commission, involve certain risks and uncertainties that could cause
actual results or events to differ materially from management's views and
expectations.