The International Hot Rod Association has doubled its 2026 offshore racing prize purse to $2 million, just weeks after acquiring Powerboat P1 USA and announcing an initial $1 million commitment to the sport.
The organisation confirmed the increased purse following the Key West World Championship, where teams received payment immediately after the awards presentation.
The International Hot Rod Association has acquired Powerboat P1 USA/P1 Offshore in a calculated move to consolidate American offshore racing under fresh leadership, whilst maintaining dialogue with Race World Offshore (RWO) towards potential unification ahead of the 2026 season.
The acquisition, announced yesterday by IHRA owner Darryl Cuttell, arrives just seven days after the drag racing organisation confirmed a $250,000 purse for next month’s Key West World Championships and a $1 million purse for its inaugural 2026 national championship series.
