Here is how much F2, F3 and F4 pay their drivers, check out the salary of them
It is shocking to realise that most F2 and F3 drivers make far less money than F1 drivers as we learn more about the salaries of these drivers.
In actuality, entry into F2 costs drivers between $1.5 and $2 million.
What is the drivers salaries in F2, F3 and F4 and salary structure explained 2023
Sources claim that F2 drivers’ teams pay them between $80,000 and $200,000 each year. The majority of F2 drivers at this stage of their careers have sponsors who provide financial support, but they often incur losses every year.
It is estimated that Formula 2 drivers will earn somewhere between $225 to $500 a day and a lot of the money generated from F2 are reinvested back into the cars or moving parts for the team.
How much money does an F3 driver make?
Similar to F2 drivers, F3 drivers are anticipated to make between $80,000 and $200,000.
A salary in the range of $80,000 to $100,000 would be a more appropriate assessment, though, given they are often on the lower end.
Again, sponsors or parents frequently provide financial support to F3 drivers.
To compete in Formula 3, drivers must pay between $750,000 and $1,000,000, which is roughly half the price of Formula 2.
How much money does an F4 driver make?
The bulk of F4 drivers receives no pay from their teams, according to hours of internet research. The winning driver, though, may win up to $25,000 in some competitions.
F4 drivers must pay between $130,000 and $200,000 to compete in the championship, even though it may seem pricey. In addition, most of them won’t have a sponsor at that stage of their careers to help them out.
How much money does an F1 Esports driver make?
Drivers in F1 esports, in contrast to regular Formula racing, are not required to pay exorbitant entry fees.
The biggest prize pool we had seen up to that date was $750,000 in 2021. So, it is safe to assume that the winner received between $200,000 and $300,000.
Yet, the actual driver probably only made half of that. This is true because similar to Formula 1, esports drivers are a part of teams that share in a portion of their overall winnings. The drivers receive a yearly salary as well, but this is uncertain.
How much money do drivers make in other Motorsports?
IndyCar
The majority of estimates place the base income of IndyCar racers between $250,000 and $4 million per year. The majority of drivers will make about $1 million, similar to Formula 1.
On the sponsor, the driver brings to the team, though, everything depends.
NASCAR
Rough estimations show that the highest-paid drivers earn between $12 and $15 million, while the lowest-paid earn between $200,000 and $250,000.
MotoGP
Rough estimations show that the highest-paid drivers earn between $12 and $15 million, while the lowest-paid earn between $200,000 and $250,000.