| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 3 | Emil Andres | 8 | Carmine Tuffanelli | 1948 Kurtis 2000 320/Offenhauser | 100 | 5,250 | running | 29 |
| 2 | 8 | Mack Hellings | 35 | Tommy Lee | 1948 Kurtis 2000 319/Offenhauser | 100 | 3,780 | running | 0 |
| 3 | 5 | Ted Horn | 1 | Ted Horn | 1947 Horn/Offenhauser | 100 | 2,100 | running | 0 |
| 4 | 13 | Myron Fohr | 32 | Carl Marchese | 1938 Marchese/Offenhauser | 100 | 1,470 | running | 0 |
| 5 | 16 | Charles Van Acker | 4 | South Bend | Stevens/Offenhauser | 100 | 1,260 | running | 0 |
| 6 | 9 | Hal Cole | 63 | Leo Dobry | 1948 Kurtis 2000 317/Offenhauser | 100 | 1,050 | running | 0 |
| 7 | 7 | Johnny Shackleford | 91 | Iddings | Meyer/Offenhauser | 99 | 840 | running | 0 |
| 8 | 12 | Bill Sheffler | 53 | Sheffler | Bromme/Offenhauser | 96 | 840 | running | 0 |
| 9 | 14 | Bill Holland | 2 | Lou Moore | 1948 Moore/Offenhauser | 90 | 630 | running | 0 |
| 10 | 4 | Spider Webb | 51 | Bromme | Bromme/Offenhauser | 90 | 630 | running | 0 |
| 11 | 15 | Duke Nalon | 15 | Fred Peters | 1939 Wetteroth/Offenhauser | 89 | 525 | running | 0 |
| 12 | 1 | Johnny Mantz | 98 | J.C. Agajanian | 1948 Kurtis 2000 318/Offenhauser | 89 | 525 | piston | 71 |
| 13 | 10 | Walt Brown | 7 | Kurtis Kraft | 1948 Kurtis 1000 316/Offenhauser | 81 | 420 | ignition | 0 |
| 14 | 17 | Mel Hansen | 17 | Schafer Gear | Adams/Sparks SC | 62 | 420 | supercharger | 0 |
| 15 | 2 | Tony Bettenhausen | 16 | Murrell Belanger | Wetteroth/Offenhauser | 59 | 420 | oil leak | 0 |
| 16 | 18 | Duke Dinsmore | 78 | Schoof | Wetteroth/Offenhauser | 6 | 420 | accident | 0 |
| 17 | 11 | Rex Mays | 5 | Charles Bowes | 1947 Kurtis/Winfield SC | 6 | 210 | accident | 0 |
| 18 | 6 | Paul Russo | 69 | Werher-Grancor | Maserati/Offenhauser | 2 | 210 | throttle | 0 |
| Joie Chitwood | 27 | Offenhauser | 0 | did not qualify | 0 | ||||
| George Connor | 82 | Adams/Sparks | 0 | did not qualify | 0 | ||||
| Hal Robson | 24 | Offenhauser | 0 | did not qualify | 0 | ||||
| Steve Truchan | 18 | Offenhauser | 0 | did not qualify | 0 | ||||
| Charlie Rogers | 89 | Offenhauser | 0 | did not qualify | 0 | ||||
| Eddie Zalucki | 48 | Offenhauser | 0 | did not qualify | 0 | ||||
| Les Anderson | 34 | 1948 Kurtis/Offenhauser | 0 | did not qualify | 0 | ||||
| Milt Fankhauser | 23 | Adams/Offenhauser | 0 | did not qualify | 0 | ||||
| Buster Warke | 55 | Shaw/Offenhauser | 0 | did not qualify | 0 | ||||
| Jackie Holmes | 45 | Lencki/Lencki | 0 | did not qualify | 0 | ||||
| Jerry Kubik | 42 | Offenhauser | 0 | did not qualify | 0 | ||||
| Manuel Ayulo | 88 | Kurtis/Offenhauser | 0 | did not qualify | 0 | ||||
| Paul Craver | 45 | Offenhauser | 0 | did not qualify | 0 |