| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Fred Agabashian | 98 | J.C. Agajanian | 1948 Kurtis 2000 318/Offenhauser | 100 | running | 98 | |
| 2 | 3 | Rex Mays | 15 | Wolfe | 1948 Kurtis 2000 323/Offenhauser | 100 | running | 2 | |
| 3 | 2 | Troy Ruttman | 55 | Bowes Seal Fast | Offenhauser | 100 | running | 0 | |
| 4 | 8 | Myron Fohr | 2 | Carl Marchese | Marchese/Offenhauser | 100 | running | 0 | |
| 5 | 13 | Johnnie Parsons | 12 | Kurtis Kraft | 1948 Kurtis 1000 316/Offenhauser | 100 | running | 0 | |
| 6 | 5 | Walt Brown | 18 | Carmine Tuffanelli | 1949 Kurtis 2000 009/Offenhauser | 100 | running | 0 | |
| 7 | 10 | Lee Wallard | 6 | Iddings | Offenhauser | 97 | running | 0 | |
| 8 | 14 | Bayliss Levrett | 93 | Scopa | Offenhauser | 95 | 140 | running | 0 |
| 9 | 17 | Mack Hellings | 8 | Tommy Lee | 1948 Kurtis 2000 319/Offenhauser | 95 | running | 0 | |
| 10 | 11 | Paul Russo | 24 | Tuffanelli-Pritchard | Kurtis 2000/Offenhauser | 68 | running | 0 | |
| 11 | 4 | George Connor | 22 | Grancor | Bromme/Offenhauser | 72 | engine | 0 | |
| 12 | 6 | Milt Fankhauser | 72 | Karl Hall | Offenhauser | 64 | did not finish | 0 | |
| 13 | 9 | Bill Holland | 7 | Love Machine & Tool | Offenhauser | rear axle | 0 | ||
| 14 | 7 | Duke Dinsmore | 69 | Wynn's Friction Proofing | 1948 Kurtis 2000 324/Offenhauser | 57 | overheating | 0 | |
| 15 | 16 | Hal Cole | 14 | Neal's Rest | 1948 Kurtis 2000 322/Offenhauser | 23 | oil pressure | 0 | |
| 16 | 12 | Duane Carter | 34 | Murrell Belanger | Offenhauser | 21 | did not finish | 0 | |
| 17 | 18 | Dick Rathmann | 91 | Weidell | Offenhauser | 13 | did not finish | 0 | |
| 18 | 15 | Cal Niday | 33 | Leo Dobry | 1948 Kurtis 2000 317/Offenhauser | 5 | piston | 0 | |
| Tony Bettenhausen | 99 | Murrell Belanger | Offenhauser | 0 | did not qualify | 0 | |||
| Jimmy Davies | 57 | Pat Clancy | Offenhauser | 0 | did not qualify | 0 | |||
| Johnnie Smith | 94 | Woestman | Chevrolet | 0 | did not qualify | 0 |