OutRun 2 was ported to the Xbox home console in 2004, on which the Sega Chihiro arcade hardware is based on, released by Microsoft Game Studios.

OutRun 2 stays true to the race format from the 1986 original, in which the player is behind the steering wheel of a Ferrari sports car with a friend in the passenger seat through 5 of 15 stages.

The soundtrack was completely rearranged, bringing in seven pieces of music with styles ranging from instrumental rock to upbeat ballads.

An update entitled OutRun 2 SP SDX was shown at a privately held Sega show on July 7, 2006.

This iteration is displayed at a resolution of 800*480 rather than the previous versions' 640*480 and features cooperative play involving both players sitting next to each other in replica Ferraris, taking turns driving the same car with their own set of controls.

The Xbox version preserves the look and feel of the arcade original, but with the additions of 480p anamorphic widescreen support and tweaks to make it more suitable for home play.