| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 3 | Johnny Mantz | 98 | J.C. Agajanian | 1948 Kurtis 2000 318/Offenhauser | 100 | 4,053 | running | 1 |
| 2 | 9 | Emil Andres | 8 | Charlie Pritchard | 1948 Kurtis 2000 320/Offenhauser | 100 | 2,843 | running | 72 |
| 3 | 6 | Ted Horn | 1 | Ted Horn | 1947 Horn/Offenhauser | 100 | 1,706 | running | 0 |
| 4 | 5 | Rex Mays | 5 | Charles Bowes | 1947 Kurtis/Winfield SC | 100 | 1,145 | running | 0 |
| 5 | 11 | Lee Wallard | 12 | Iddings | Meyer/Offenhauser | 100 | 865 | running | 0 |
| 6 | 14 | Tony Bettenhausen | 78 | Schoof | Wetteroth/Offenhauser | 100 | 733 | running | 0 |
| 7 | 1 | Myron Fohr | 32 | Carl Marchese | 1938 Marchese/Offenhauser | 100 | 693 | running | 27 |
| 8 | 8 | Duke Nalon | 49 | Norm Olson | Olson/Offenhauser | 100 | 591 | running | 0 |
| 9 | 13 | Charles Van Acker | 4 | Redmer | Stevens/Offenhauser | 100 | 591 | running | 0 |
| 10 | 12 | Bill Sheffler | 53 | Sheffler | Bromme/Offenhauser | 100 | 591 | running | 0 |
| 11 | 16 | Jackie Holmes | 45 | Speedway Cocktail | Lencki/Lencki | 98 | 449 | running | 0 |
| 12 | 17 | Hal Robson | 55 | Baity Brothers | Offenhauser | 97 | 449 | running | 0 |
| 13 | 10 | Walt Brown | 7 | Kurtis Kraft | 1948 Kurtis 1000 316/Offenhauser | 80 | 345 | axle | 0 |
| 14 | 8 | Mack Hellings | 59 | Grancor | 1948 Kurtis 2000 321/Offenhauser | 78 | 345 | magneto | 0 |
| 15 | 19 | Eddie Zalucki | 38 | Terman Supply | Wetteroth/Offenhauser | 53 | 285 | clutch | 0 |
| 16 | 18 | Ken Fowler | 54 | Anderson | Offenhauser | 34 | 308 | axle | 0 |
| 17 | 2 | Spider Webb | 51 | Bromme | Bromme/Offenhauser | 34 | 285 | clutch | 0 |
| 18 | 4 | Mel Hansen | 17 | Paul Weirick | 1933 Adams/Offenhauser SC | 2 | 235 | supercharger | 0 |
| 19 | 15 | George Lynch | 89 | Jewell | Offenhauser | 1 | 103 | did not finish | 0 |
| 15 | Charlie Rogers | 89 | Jewell | Offenhauser | 0 | qualified car | 0 | ||
| George Lynch | Offenhauser | 0 | did not qualify | 0 |