The front row was the same as the previous year: Rex Mays, Wilbur Shaw and Mauri Rose. Shaw was in the lead with 48 laps to go and might have picked up his third consecutive win but crashed.

Instead, the race became the second 500 in which two drivers shared the win. Rose had started from the pole position and had an early lead, but his Maserati was sidelined with mechanical problems. Car owner Lou Moore pulled his second driver, Floyd Davis, and put Rose behind the wheel of that car. Rose maneuvered from the back of the pack to retake the lead and get the win.

Rose and Davis were named co-winners, but Davis never forgave Moore for pulling him out.