EXHIBIT 99.1

                    FOR:         International Speedway Corporation

                    APPROVED BY: Wes Harris
                                 Director of Investor Relations
                                 (904) 947-6465

                    CONTACT:     Betsy Brod/Jonathan Schaffer
                                 Media:  Merridith Ingram/Jennifer Kirksey
                                 Morgen-Walke Associates, Inc.
                                 (212) 850-5600

FOR IMMEDIATE RELEASE

                       INTERNATIONAL SPEEDWAY CORPORATION
                          ANNOUNCES INTENTION TO OFFER
                                  SENIOR NOTES

         DAYTONA BEACH, FLORIDA -- SEPTEMBER 24, 1999 -- INTERNATIONAL SPEEDWAY
CORPORATION ("ISC") (NASDAQ/NM: ISCA; OTC BULLETIN BOARD: ISCB), announced today
that it intends to offer in a private placement up to $200 million principal
amount of intermediate term Senior Notes. The aggregate principal amount,
interest rate, maturity date and other terms of the Notes have yet to be
finalized.

         The Company intends to use substantially all of the net proceeds from
the transaction to reduce outstanding borrowings under its new revolving credit
facility. The Company incurred such borrowings to finance a portion of its
recent acquisition of Penske Motorsports, Inc. and refinance Penske Motorsports'
outstanding indebtedness.

         The Notes have not been registered under the Securities Act of 1933 or
any securities laws of any state or other jurisdiction and may not be offered or
sold in the United States or any state or other jurisdiction absent registration
or an applicable exemption from registration requirements.

         This announcement is neither an offer to sell nor a solicitation of an
offer to buy the Notes. There can be no assurance that the Note offering will be
completed.

         International Speedway Corporation is a leading promoter of motorsports
activities in the United States, currently promoting more than 100 events
annually. The Company currently owns and/or operates 10 major motorsports
facilities, including Daytona International Speedway in Florida (home of the
Daytona 500); Talladega Superspeedway in Alabama; Michigan Speedway in Brooklyn,
Michigan; California Speedway in San Bernardino County, California;
Homestead-Miami Speedway in Florida; Phoenix International Raceway in Arizona;
Darlington Raceway in South Carolina; North Carolina Speedway in Rockingham,
North Carolina; Watkins Glen International in New York, and Nazareth Speedway in
Pennsylvania. Other track interests include the operation of Tucson (Arizona)
Raceway Park and an indirect 37.5% interest in Raceway Associates, LLC, which
owns the Route 66 Raceway and is developing a superspeedway in the Chicago area.
The Company also owns and operates MRN Radio, the nation's largest independent
sports radio network; DAYTONA USA, the "Ultimate Motorsports Attraction" in
Daytona Beach, Florida, the official attraction of NASCAR; Americrown Service
Corporation, a provider of catering services, food and beverage concessions, and
merchandise sales; Motorsports International, a producer and marketer of
motorsports-related merchandise; and Competition Tire, which distributes and
sells Goodyear brand racing tires in the Midwest and Southeast regions of the
United States. For more information, visit the Company's website at
WWW.ISCMOTORSPORTS.COM.

         STATEMENTS MADE IN THIS RELEASE THAT STATE THE COMPANY'S OR
MANAGEMENT'S BELIEFS OR EXPECTATIONS AND WHICH ARE NOT HISTORICAL FACTS OR WHICH
APPLY PROSPECTIVELY ARE FORWARD-LOOKING STATEMENTS. IT IS IMPORTANT TO NOTE THAT
THE COMPANY'S ACTUAL




RESULTS COULD DIFFER MATERIALLY FROM THOSE CONTAINED IN OR IMPLIED BY SUCH
FORWARD-LOOKING STATEMENTS. ADDITIONAL INFORMATION CONCERNING FACTORS THAT COULD
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD LOOKING
STATEMENTS IS CONTAINED FROM TIME TO TIME IN THE COMPANY'S SEC FILINGS INCLUDING
BUT NOT LIMITED TO THE 10-K AND SUBSEQUENT 10-Q'S. COPIES OF THOSE FILINGS ARE
AVAILABLE FROM THE COMPANY AND THE SEC.