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The National Association for Stock Car Racing, or NASCAR, was officially incorporated in 1948. Since then, it has grown into a multi-billion dollar industry and one of America’s most popular spectator sports, according to History.
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The sport has come quite a long way since the early 1990s when racers such as Alan Kulwicki worked with a team of less then 20 employees and a budget less than $2 million, according to the Washington Post. Although it didn't stop him from winning NASCAR's 1992 championship, it is a far cry from the money and resources that have since been doled out for teams each year.
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For instance, by 2008, some teams were working with a budget of at least $20 million, the Post explained.