Which of nine Indy 500 winners can conquer the Speedway again?

The 1992 Indianapolis 500 saw 10 former winners start the race – and none of them won. The highest placed former winner that day was four-time Indy victor Al Unser Sr. of Team Menard, who managed to coax the notoriously fast-but-fickle Buick engine past the checkered flag. He was 10 seconds behind the winner, his son Al Unser Jr., who won for Team Galles by holding off Scott Goodyear’s Walker Racing entry by just 0.043sec – the race’s closest ever finish.

Recent news that Ryan Hunter-Reay and Dreyer & Reinbold Racing will unite for this year’s 500 brings the tally of former winners entered for the Memorial Day Weekend classic to nine, and perhaps more so than in 1992, all previous victors participating in 2023 have the potential to star. But of those who have already sipped, slurped and splashed the milk in the Speedway’s Victory Circle, who is most likely to repeat on May 28th this year? Let's take them in reverse order.

Ryan Hunter-Reay

Team: Dreyer & Reinbold Racing // Engine: Chevrolet

2014 winner

2021 was Ryan Hunter-Reay 12th and final season with Andretti Autosport. Now he's making his IndyCar return.

Photo by: Barry Cantrell / Motorsport Images

It’s almost a self-generated cliché by this writer to describe Dennis Reinbold’s team as the best of the Indy 500 one-off squads, and it’s become increasingly meaningless since so many have dropped away over the past few years. But DRR also regularly outperforms the “Indy-only” entrants run by full-time IndyCar teams… and even the full-time drivers in the full-time teams! For example, in 2021, Sage Karam struggled for speed in his DRR car during qualifying yet rose from the back row to finish the race in seventh after a flawless performance from team and driver. Last year, Santino Ferrucci qualified 15th and finished 10^th, meaning he started ahead of the whole Andretti Autosport team, both Meyer Shank cars, and a Penske, and finished ahead of all the Penske cars and all but one of the Andretti cars.

Over the last few years, the thought has occurred to many – maybe to Reinbold himself – that DRR is only a proven winner away from scoring a top three… and that driver might well be Hunter-Reay.

“I was incredibly attracted to the fact that DRR is a streamlined program that puts all of its energy into the month of May,” said RHR, putting a positive spin on the fact that the team will always face an uphill battle against the teams who are in the IndyCar Series race in, race out. But his logic isn’t flawed, and nor is Reinbold’s in hiring the 2014 Indy winner. If the car is good enough, a couple of reacclimation runs should see him back on pace, and it would be no surprise to see the #23 DRR machine qualify in the first four rows. Thereafter? Both team and driver have proven over time that it can make strong progress on raceday.

Simon Pagenaud

Team: Meyer Shank Racing // Engine: Honda

2019 winner

Simon Pagenaud, Meyer Shank Racing Honda

Photo by: IndyCar Series

Simon Pagenaud has become renowned for making the most of what he’s got at the Speedway, and while there must be times when he misses the nurturing of former race engineer Ben Bretzman at Team Penske, Pagenaud can feel confident in Garrett Mothersead, another engineer who has conquered the 500.

Pagenaud is meticulous in practice, knows exactly how his car should feel for it to work in dirty air or running on its own, on a variety of lines, and in different weather and track conditions. That’s what allowed him to climb through the pack from 26th to third in 2021, and had the race been the Indy 505 on that occasion, he might well have claimed his second Indy win in three years.

The chance to pull off those back-to-front performances are rare these days, so it’s become increasingly important for a driver to qualify well – and Pagenaud has proven he can do that, too, when the car is right: aside from his pole in 2019, he has qualified in the first three rows on four other occasions.

The question marks over his ability to win in 2023 surround whether a Meyer Shank crew can beat the likes of Ganassi, Penske and Arrow McLaren under the duress of a yellow-flag pitstop, and whether the MSR team and its technical partner Andretti Autosport have caught up with Ganassi in terms of generic setup.

Helio Castroneves

Team: Meyer Shank Racing // Engine: Honda

2001, ’02, ’09, ’21 winner

Helio Castroneves, Meyer Shank Racing Honda

Photo by: Jake Galstad / Motorsport Images

Helio Castroneves’ bubbly and fluorescent personality outside the cockpit belies the cool and rational man who analyzes his way around the Speedway each May, taking the high line he learned from former mentor Rick Mears and putting it into practice during practice, qualifying and the race. Indeed, Castroneves spends so much time crossing from high line to low line and back again, across the wake of the cars in front, it’s little wonder that by race time, he is fully aware how his car will react with clean air on the right-side, clean air on the left side, or zero clean air on either side. He made his climb from 27th to seventh last year look relatively easy.

Famously, Castroneves has won the race four times – and finished a close runner-up on three other occasions – but less appreciated is the fact that in 22 attempts at the 500, he has crashed out of just two. If you want your car to complete 200 laps, he’s a damn good bet.

Reservations over his ultimate potential this year are the same as that of his teammate Pagenaud. But then, Castroneves was by no means favorite to score his fourth win a dozen years after his third, and yet when it mattered, there he was, able to out-drive and out-think an immensely talented driver, Alex Palou, in a superior car.

Will Power

Team: Team Penske // Engine: Chevrolet

2018 winner

Will Power, Team Penske

Photo by: IndyCar Series

In his first 11 Indianapolis 500s for Penske, 2009-’19, Will Power never started outside the first three rows, and had a qualifying average of 5.1. Since then, things have taken a tumble: in qualifying trim, the Penske cars were mediocre in 2020, dreadful in ’21 and OK but nothing special last year, and so his qualifying average over those three years has been 21.7…

Among his record-setting tally of 68 pole positions, Power has yet to add an Indy 500 P1 to his résumé but, if he were to finally achieve it this year, the majority of the excitement he felt would be founded in his relief that Penske – and Chevrolet – were back on pace at Roger Penske’s holy ground. Then he and the team would feel the typical pressure of needing to maximize the opportunity.

That has been the #12 team’s specialty over the past year or so, with strategist Ron Ruzewski, race engineer Dave Faustino and Power himself all proving to be very shrewd operators across the whole IndyCar season. But at the Speedway specifically, is this 18-time winning team back at the level that where it can beat all-comers for outright pace? Impossible to tell at this stage. Penske made greater gains in speed at Indy between 2021 and 2022 than any other team, but the obvious caveat is that it was coming from a place it should never have inhabited, its most woeful nadir since the team failed to qualify for the 1995 Indy 500.

Penske’s drivers have acknowledged the team’s primary focus over the last winter was on reaching the front of the pack for Indy, but unless Chevrolet has a truly superior product to Honda at Speedway speeds, it’s hard to imagine Penske making up its deficit to Ganassi over the past three years.

Tony Kanaan

Team: Arrow McLaren // Engine: Chevrolet

2013 winner

Tony Kanaan, Arrow McLaren Chevrolet

Photo by: IndyCar Series

There will be many pretending to have something in their eye when Tony Kanaan is introduced to a deafening bellow from the crowd on Sunday, May 28, for the Brazilian veteran has decided that this is the end of the road for him in U.S. open-wheel racing.

It’s appropriate it should come at Indianapolis Motor Speedway. In one of those quirks of fate that we have come to associate with the track, a driver who became famous for misfortune while in a front-running Andretti Green Racing /Andretti Autosport entry at the Brickyard, finally captured the race of his dreams in a KV Racing entry in 2013 after a manic race. Over the years, that result can be regarded as less of an oddity – Kanaan is one of those drivers who can rise to the occasion at Indy, made evident by his third place finish last year for Ganassi.

Now he is getting the opportunity to sign off in another one of the most desirable rides out there, the extra entry from Arrow McLaren. And if he is a tad rusty from no longer taking part in other IndyCar races … well, it didn’t show last year and is unlikely to show this year. Kanaan’s sheer determination and the quality of the Arrow McLaren team should make the #66 entry one of the most formidable out there. If Chevy has regained the ground it has lost over the past three years on the only true superspeedway left on the IndyCar schedule, and providing he makes it to the closing stages, expect TK to be in the shootout in the final stint.

Marcus Ericsson

Team: Chip Ganassi Racing // Engine: Honda

2022 winner

Marcus Ericsson, Chip Ganassi Racing Honda

Photo by: IndyCar Series

Marcus Ericsson’s ability to zap compatriot Felix Rosenqvist and Pato O’Ward in the final stint of last year’s Indianapolis 500 displayed the talent of a man utterly in tune with his car, who had been saving his best for last. When he then also kept his composure during the red flag period and knew exactly where to place his car to fend off O’Ward in the final shootout, we saw a man in tune with the race, and possessing the self-confidence to follow through. The astuteness that makes Ericsson a strong racer on road and street courses was put to full use at the greatest race of them all.

His race engineer Brad Goldberg believes that the knowledge he can get the job done on racing’s biggest stage will make Ericsson still more confident in ’23, and it’s hard to dispute that line of thinking. Goldberg also says that Ericsson is a strong contributor to the in-team debriefs, his analytical mind loving the fact that the amount of practice time for the 500 allows him to delve into the really fine details, weigh up options, and compare and contrast setups with his teammates.

Winning the opening race of this IndyCar season will have bolstered the ex-Formula 1 driver’s self-belief still further, regardless of the fact that it came on a street course. With four wins for Chip Ganassi, including one at Indy, Ericsson has earned his place with one of the greatest IndyCar teams of all time. The only reason he’s placed fourth on this ranking is a question mark over how aggressive he would be if the 500 came down to a three- or four-way scrap with his teammates in the closing stages of the race. It’s one thing to make incisive and hard passes against drivers from a rival team, quite another to take those same risks if dueling with a Scott Dixon, Alex Palou or Takuma Sato. And given Ganassi’s superiority at IMS over the past three years, an all-CGR scrap for honors in the final stint is not an outlandish concept.

Alexander Rossi

Team: Arrow McLaren // Engine: Chevrolet

2016 winner

Alexander Rossi, Arrow McLaren

Photo by: IndyCar Series

Alexander Rossi has at least twice delivered more convincing Indy 500 performances than the one that netted him victory, as a rookie, in 2016. That said, his shock first victory in the IndyCar Series was a great example of a driver accepting he didn’t know it all and didn’t have all the facts to hand, and therefore listening to his strategist, Bryan Herta. Rossi then saved fuel like he was an old hand at oval racing, deleted the need for a splash-’n’-dash in the closing moments, and came home the victor, rolling across the yard of bricks at 137mph on his 200^th and final lap.

However, when you think of Rossi at the 500, remember the brave restarts on cold tires in 2018 when he scorched his way from the back row (due to a slow puncture on his qualifying run) to finish fourth; the resolve to drive anywhere and everywhere on the track to make up for his Honda’s deficit to the Chevy of leader Pagenaud in 2019; and his clinical drive to fifth in 2022 that outclassed all his Andretti Autosport teammates.

This will be Rossi’s first 500 outside of the Andretti “family” and while he will miss certain elements of being with a proven Indy-winning team that he called home for seven years, having a race engineer like Craig Hampson and the ever-improving Arrow McLaren outfit in his corner more than compensates. Sure, much of Rossi’s competitiveness will depend on the Ilmor-developed Chevrolet engines being the ones to beat in terms of horsepower and fuel consumption. If that is the case, then while we expect Ed Carpenter Racing to be the strongest of the Chevrolet teams in qualifying, Arrow McLaren is likely to be leading the Bowtie brigade come raceday. And yes, that even includes Penske. That’s how good this team has become, and that’s why Rossi’s move there will be justified in due course.

Takuma Sato

Team: Chip Ganassi Racing // Engine: Honda

2017 and ’20 winner

2020 Indy 500 winner Takuma Sato is presented with the Baby Borg-Warner Trophy

Photo by: Michael L. Levitt / Motorsport Images

He is adept at making wise moves, but Chip Ganassi may have pulled off a masterstroke by hiring Takuma Sato for 2023. The Japanese 46-year-old is reaching the end of his open-wheel racing career but he has still got what it takes to triumph at the Speedway. He won the race with two different teams – Andretti Autosport and Rahal Letterman Lanigan – and in two very different car configurations – manufacturer aerokit, and universal aerokit with aeroscreen. And in between those two victories he also tore through the field after a bad pitstop to clock a third place finish. Whether it’s starting at the front and staying there, or clicking off passes from a midfield position, Sato can deliver.

His experience and feel for ovals will be useful to Ganassi as a whole at April’s open test at the Speedway and during practice in May, while the drivers are trying the increased range of setups allowed by IndyCar’s expanded range of aero adjustments for 2023. Sato will be as methodical as the team in honing the fastest car possible. Put that kind of driver in the quickest team at IMS in recent times, and give him access to the data that helps make those Ganassi cars so “comfortable” in traffic and adaptable to fluctuations of wind and temperature, and you have a potent combination.

And then throw in the vast experience of race engineer Eric Cowdin: he’s someone known for fine-tuning his cars according to driver feedback rather than taking a chance on an edgy nightmare of a car in pursuit of the final ten-thousandth of a second. With Sato proving remarkably open and flexible, by veteran standards, to trying new ideas, it’s hard to imagine this pair won’t come up with an absolute weapon of a car. At which point, there may be only one driver who can stop Taku from earning a third visage on the Borg-Warner Trophy.

Scott Dixon

Team: Chip Ganassi Racing // Engine: Honda

2008 winner

Scott Dixon, Chip Ganassi Racing Honda

Photo by: IndyCar Series

It might be harder to remember now that he’s a six-time champion, but Scott Dixon, along with Power, used to be Fate’s fall guy in the IndyCar Series championship, his dreams often squashed by a metaphorical boot descending from out of nowhere, as in the opening credits to Monty Python’s Flying Circus. It could be mechanical issues, fumbled pitstops, strategies gone wrong according to when the cautions fell, wipe-outs by overambitious rivals – whatever it was, it would happen to Dixon, leaving him on the back foot in the title race. In the last decade, he’s made up for that, it’s fair to say, which is why he is only one title away from matching AJ Foyt’s record.

But when it comes to the month of May, the gods have remained resolute in their disregard for Ganassi #9 since its dominant performance 15 years ago. Take just the last three years as an example. We will never know if Sato on a “full-lean” engine setting to make the requisite fuel mileage could have held off Dixon in 2020, had not the full-course caution flown for a late shunt that saw the race end under yellow. Nor do we know if Dixon would have won in ’21, had not a crash on pitlane and subsequent yellow prevented him from making his first stop on schedule. His Honda became starved of fuel and even once topped up, proved reluctant to re-fire, costing the Kiwi a lap. And then last year, he was 1mph too fast on pitlane and had to serve a drive-through penalty, on a day when Ganassi’s five cars amassed 163 laps at the front of the field, of which 95 were led by Dixon.

But on the basis of ‘Keep on knocking on the door of opportunity and eventually it will open’, the time has surely come for Dixon to gain that second Indy 500 winner’s ring. He’s taken five Indy 500 pole positions, including the last two, and there’s no reason to expect the Ganassi team to be anything less than devastatingly fast again this May.

They say the Speedway owes nothing to anyone, but Dixon, like Parnelli Jones in the ’60s, surely deserves one more sip of milk.