The new deal replaces the existing deal which stretched until 2032. The deal will see NASCAR’s rent for the speedway rise to an average payment of $750,000.
It comes hot on the heels of news that International Speedway Corp – the NASCAR company which operates the track – could host the Formula One US Grand Prix at the circuit from 2007.
NASCAR chiefs have signed a new deal with Daytona Beach officials to ensure the series will be racing at the legendary venue until 2054.
