Branded as the 1992 Marlboro 500 for sponsorship reasons, the race was won by Scott Goodyear, his first Indy Car victory.

The event was race number 10 of 16 in the 1992 PPG Indy Car World Series.

After years of Chevrolet engine domination in IndyCar, the 1992 season marked the return of Ford to the Indy car ranks.

The Ford Cosworth XB was introduced to replace the aging DFX and the lesser-used DFS.

For 1992, Ilmor introduced an updated motor (the 265-B), badged as the "Chevrolet-B", and it was fielded by Penske Racing singly.

In the 1992 Indianapolis 500, Al Unser Jr. beat Scott Goodyear by 0.043 seconds, the closest finish in Indy history.

A shortened practice session before qualifying had Michael Andretti as the fastest speed at 230.2 mph.

Chip Ganassi Racing teammates Eddie Cheever and Arie Luyendyk completed the second row.

Al Unser Jr., Scott Pruett, and Arie Luyendyk were the only three drivers to compete in IROC and the Michigan 500.

[9] Scott Goodyear climbed from the ninth starting position and passed Mario Andretti for the lead on lap 87.

[13] Immediately after the race, fourth-place finisher Al Unser Jr. went to confront Tracy over blocks he deemed dangerous.

Paul Page was the lead announcer and was joined by Bobby Unser and Sam Posey as color commentators.