| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 4 | Ted Horn | 1 | Ted Horn | 1947 Horn/Offenhauser | 95 | 2,478 | running | 49 |
| 2 | 6 | Duke Dinsmore | 15 | Schoof | Wetteroth/Offenhauser | 92 | 1,777 | running | 0 |
| 3 | 7 | Duke Nalon | 16 | Paul Weirick | 1933 Adams/Offenhauser SC | 91 | 1,062 | running | 0 |
| 4 | 5 | Joie Chitwood | 22 | Bill Corley | Wetteroth/Offenhauser | 88 | 708 | running | 46 |
| 5 | 14 | Manuel Ayulo | 14 | Wiedell | Weidell/Offenhauser | 73 | 531 | running | 0 |
| 6 | 15 | Johnny Byrne | 48 | Johnston | Offenhauser | 70 | 442 | running | 0 |
| 7 | 1 | Paul Russo | 49 | Norm Olson | Olson/Offenhauser | 70 | 358 | did not finish | 0 |
| 8 | 13 | Mike Salay | 38 | Terman's Supply | Wetteroth/Offenhauser | 64 | 269 | did not finish | 0 |
| 9 | 17 | Bill Sheffler Jack McGrath | 52 | Sheffler | Bromme/Offenhauser | 62 | 358 | running | 0 |
| 10 | 2 | Red Hodges | 56 | Gabby Hall | Offenhauser | 59 | 269 | engine | 0 |
| 11 | 11 | Les Anderson | 34 | Kennedy Tank | 1948 Kurtis/Offenhauser | 50 | 258 | running | 0 |
| 12 | 12 | Charlie Rogers | 71 | Taylor HAL | Hal | 37 | 203 | did not finish | 0 |
| 13 | 16 | Henry Banks | 36 | Fageol Twin Coach | Stevens/Fageol | 16 | 358 | running | 0 |
| 14 | 10 | Billy DeVore | 19 | Pat Clancy | 1948 Kurtis 6 Wheel/Offenhauser | 16 | 203 | did not finish | 0 |
| 15 | 8 | Steve Truchan | 18 | Truchan | Offenhauser | 9 | 180 | accident | 0 |
| 16 | 3 | Rex Mays | 5 | Charles Bowes | 1947 Kurtis/Winfield SC | 8 | 180 | did not finish | 0 |
| 17 | 9 | Bill Sheffler | 53 | Bill Sheffler | Bromme/Offenhauser | 1 | 133 | did not finish | 0 |
| Joie Chitwood | 55 | Shaw/Offenhauser | 0 | did not qualify | 0 | ||||
| Walt Brown | 7 | 1948 Kurtis 1000 316/Offenhauser | 0 | did not qualify | 0 | ||||
| Eddie Zalucki | 21 | Offenhauser | 0 | did not qualify | 0 |