<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
ACCOMPANYING CONDENSED CONSOLIDATED BALANCE SHEET OF PENSKE MOTORSPORTS, INC. AS
OF MARCH 31, 1999 AND THE RELATED CONDENSED CONSOLIDATED STATEMENT OF INCOME FOR
THE THREE MONTHS ENDED MARCH 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                           1,368
<SECURITIES>                                         0
<RECEIVABLES>                                   14,552
<ALLOWANCES>                                         0
<INVENTORY>                                      3,217
<CURRENT-ASSETS>                                21,893
<PP&E>                                         282,739
<DEPRECIATION>                                  34,157
<TOTAL-ASSETS>                                 323,824
<CURRENT-LIABILITIES>                           52,805
<BONDS>                                         50,430
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           142
<OTHER-SE>                                     196,684
<TOTAL-LIABILITY-AND-EQUITY>                   323,824
<SALES>                                          4,856
<TOTAL-REVENUES>                                12,853
<CGS>                                            3,145
<TOTAL-COSTS>                                   16,975
<OTHER-EXPENSES>                                 (356)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               1,039
<INCOME-PRETAX>                                (4,805)
<INCOME-TAX>                                   (1,884)
<INCOME-CONTINUING>                            (2,921)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (2,921)
<EPS-PRIMARY>                                    (.21)
<EPS-DILUTED>                                    (.21)