The New London-Waterford Speedbowl is a 3/8 mile asphalt oval race track located on CT 85 in Waterford, Connecticut, just off Interstate 395.

Glastonbury businessman Bruce Bemer, won the track property via foreclosure auction bid in October 2014 after several seasons of financial struggles under former owner Terry Eames.

Its ownership group, The New London-Waterford Speedbowl, Inc., was composed of local businessmen: brothers Fred and Frank Benvenuti, Anthony Albino, Conrad Nassetta, William Hoffner and J. Lawrence Peters.

John Whitehouse was the track's first Race Director, a position he held through most of the original ownership group's tenure into the early 1970s.

[2] The one and only fatality as a result of injuries from an incident during a race occurred on August 1, 1954, when Jack Griffin's car flipped end-over-end approximately 10 times down the straightaway.

By the early 1970s, the track ownership group consisted of Brouwer, Esposito and 2nd generation members Don Benvenuti and Bob Albino (who was the majority owner).

Internal conflict would lead to the group selling the track after the 1974 season, after a 24-year run operating as The New-London Waterford Speedbowl Inc.[5] The first Modified Champion at the Speedbowl was NEAR Hall of Famer Dave Humphrey,[2] who also won the same title at the Seekonk Speedway that year, and would later win multiple titles in the Northeastern Midget Association (NEMA) later in his career.

Winners of these events at Waterford included future NASCAR Sprint Cup Series stars Geoff Bodine, Ron Bouchard and Ken Bouchard, NASCAR National Modified Champions Carl "Bugsy" Stevens and Fred DeSarro and legendary Long Island, NY Modified driver Charlie Jarzombek.

Frye and Brian McCarthy in the Late Model division [12] and Rick Donnelly, Bob Potter, George "Moose" Hewitt and Dick Ceravolo in the Modifieds.

[20] In 2000, Terry Eames, who was the Speedbowl's promoter since the Korteweg's left the track in the mid-90s, became owner/operator and secured the return of the NASCAR sanction which had been removed in the late 1980s.

The dominant driver in the SK Modifieds during this time was Dennis Gada, who won a record 5 straight Championships from 1999 to 2003 including the NASCAR Dodge Weekly Racing Series Northeast Regional title in 2003.

A year later, in late July 2007, a foreclosure auction was avoided when Connecticut businessmen Rocky Arbitell and Peter Borelli bought the note and refinanced with Eames directly.

[24] Eames continued as owner, but leased operational control of the track to Jerry Robinson of Mystic, Connecticut, for the 2007–08 seasons.

Around this time, Harvey Industries bought 8 of the 39 acres from Eames and built a distribution center in what was the north end of the parking lot.

Stars during the first decade of the 2000s included: Dennis Gada, Jeff Pearl, Ron Yuhas Jr. and Rob Janovic Jr. in the SK Modifieds;[1] Allen Coates, Corey Hutchings, Bruce Thomas Jr. and Tim Jordan in the Late Models [12] Ed Gertsch Jr., Dwayne Dorr, Walt Hovey Jr. and Al Stone III in the Street Stocks;[19] Danny Field, Phil Evans and Ken Cassidy Jr. in the Mini Stocks.

[20] Regional Modified/SK Modified drivers who started out in the Speedbowl's Legends Car division during this time include James Civali, Chris Pasteryak, Mark Bakaj and Jeffrey Paul.

However, by February 2009, Shawn Monahan resigned from his post sighting differences in the operational agreement with Eames and returned to racing shortly thereafter.

[28] Fox would resign as Race Director after the 2010 season and Scott Tapley was named as his replacement at the 2010 awards banquet ceremony in January 2011.

In addition to the turnover with officials, the foreclosure issues were dragged out in the courts, with each season since 2006 ending with a cloud of doubt towards the facility's long-term future.

In 2013, Keith Rocco became the first driver to win 2 track championships in 2 different divisions when he won both the SK Modified & Late Models titles.

The winning bid of $1.75 million came from Glastonbury, Connecticut, businessman Bruce Bemer, whose group immediately announced they intended to keep it a racetrack.

[34] After months of negotiations between all parties involved, in early February 2015, a resolution was reached, the appeal was withdrawn and the sale was finally approved by the courts.

[35] Shortly afterward, Shawn Monahan was named as the new GM of the Speedbowl – six years after his first opportunity in a similar role with Terry Eames.

The track's main wooden grandstand which was originally built in 1951 and patch-repaired numerous times over the years, was required to be replaced by the Town of Waterford and were dismantled after the 2018 season.