After being left off of the calendar for 2021, it returned to the 2022 schedule with the 250/300 format held in years previous.

AAA held a 100-mile (160 km) race at Tri-State Fair Grounds in Burlington, Iowa, won by Bob Burman.

Additional AAA races were held at Des Moines Speedway in Valley Junction, a one-mile (1.6 km) wooden board track, in 1915 and 1916.

On September 30, 2020, IndyCar revealed their 2021 schedule and announced that due to financial issues with the Iowa Speedway their date had been dropped from the schedule along with Richmond Raceway, the latter not hosting a race in 2020 due to COVID-19 restrictions in the state of Virginia.

Former series champion and team owner Bobby Rahal managed to secure new sponsorship for the event from Iowa supermarket chain Hy-Vee and was successful in returning IndyCar racing to the speedway on a multi year agreement starting in 2022.