| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Tony Bettenhausen | 99 | Murrell Belanger | 1949 Kurtis 327/Offenhauser | 101 | 3,100 | running | 101 |
| 2 | 2 | Walt Faulkner | 2 | Agajanian-Grant | Kuzma/Offenhauser | 98 | 2,232 | running | 0 |
| 3 | 10 | Sam Hanks | 39 | Shaheen | Hill/Offenhauser | 98 | 1,240 | running | 0 |
| 4 | 8 | Chuck Stevenson | 8 | Bardahl-Marchese | 1938 Marchese/Offenhauser | 98 | 806 | running | 0 |
| 5 | 9 | Henry Banks | 1 | Hopkins Blue Crown | Moore/Offenhauser | 98 | 744 | running | 0 |
| 6 | 14 | Manuel Ayulo | 31 | Coast Grain | Lesovsky/Offenhauser | 98 | 620 | running | 0 |
| 7 | 5 | Andy Linden | 57 | Leitenberger | 1951 Silnes-Sherman/Offenhauser | 98 | 496 | running | 0 |
| 8 | 16 | Harry King | 34 | Pete Wales Trucking | 1948 Kurtis 2000 321/Offenhauser | 97 | 465 | running | 0 |
| 9 | 6 | Cliff Griffith | 98 | Sarafoff | 1948 Kurtis 2000 318/Offenhauser | 96 | 434 | running | 0 |
| 10 | 11 | Gene Force | 69 | Brown Motor Co. | 1948 Kurtis 2000 324/Offenhauser | 93 | 403 | running | 0 |
| 11 | 18 | Jack McGrath | 9 | Jack Hinkle | 1951 Kurtis 4000 339/Offenhauser | 93 | 372 | running | 0 |
| 12 | 17 | Jim Rigsby | 33 | Iddings | Meyer/Offenhauser | 88 | 310 | running | 0 |
| 13 | 3 | Gordon Reid | 73 | Lee Elkins | 1950 Kurtis 2000 010/Offenhauser | 87 | 279 | radius rod | 0 |
| 14 | 13 | Joe James | 26 | Bob Estes | 1950 Watson/Offenhauser | 74 | 248 | broken wheel | 0 |
| 15 | 12 | Johnny McDowell | 79 | Hart Fullerton | 1951 Kurtis 4000 338/Offenhauser | 71 | 217 | stalled | 0 |
| 16 | 15 | Johnnie Parsons | 3 | Wynn's Friction Proofing | 1951 Kurtis 4000 342/Offenhauser | 37 | 186 | accident | 0 |
| 17 | 4 | Jimmy Davies | 76 | Parks | Pawl/Offenhauser | 6 | 124 | accident | 0 |
| 18 | 7 | Joe Garson | 77 | Elgin Piston Pin | Stevens/Offenhauser | 1 | 124 | connecting rod | 0 |