Indianapolis 500
Race Results for the 1994 Indianapolis 500
| Finish | Start | Car Num. | Driver | Car Name/Entrant* | Make/Model | Status | Laps | Led | Prize Money |
| 1 | 1 | 31 | Al Unser Jr. (W) | Marlboro Penske | Penske/Mercedes Benz | 160.872 | 200 | 48 | $1,373,813 |
| 2 | 4 | 12 | Jacques Villeneuve (R) | Player's Ltd. | Reynard/Ford Cosworth XB | 160.749 | 200 | 7 | $622,713 |
| 3 | 28 | 4 | Bobby Rahal (W) | Miller Genuine Draft | Penske/Ilmor D | Running | 199 | 0 | $411,163 |
| 4 | 16 | 18 | Jimmy Vasser | Conseco/STP | Reynard/Ford Cosworth XB | Running | 199 | 0 | $295,163 |
| 5 | 19 | 9 | Robby Gordon | Valvoline/Cummins | Lola/Ford Cosworth XB | Running | 199 | 0 | $227,563 |
| 6 | 5 | 8 | Michael Andretti | Target/Scotch Video | Reynard/Ford Cosworth XB | Running | 198 | 0 | $245,563 |
| 7 | 24 | 11 | Teo Fabi | Pennzoil | Reynard/Ilmor D | Running | 198 | 0 | $216,563 |
| 8 | 11 | 27 | Eddie Cheever Jr. | Quaker State | Lola/Menard | Running | 197 | 0 | $238,563 |
| 9 | 22 | 14 | Bryan Herta (R) | AJ Foyt/Copenhagen | Lola/Ford Cosworth XB | Running | 197 | 0 | $212,213 |
| 10 | 10 | 33 | John Andretti | Byrd's Cafeteria/Bryant | Lola/Ford Cosworth XB | Running | 196 | 0 | $191,750 |
| 11 | 29 | 88 | Mauricio Gugelmin (R) | Hollywood | Reynard/Ford Cosworth XB | Running | 196 | 0 | $182,063 |
| 12 | 21 | 19 | Brian Till (R) | The Mi-Jack Car | Lola/Ford Cosworth XB | Running | 194 | 0 | $180,763 |
| 13 | 13 | 91 | Stan Fox | Delta Faucet-Jacks Tools | Reynard/Ford Cosworth XB | Accident | 193 | 0 | $186,313 |
| 14 | 18 | 22 | Hiro Matsushita | Panasonic/Duskin | Lola/Ford Cosworth XB | Running | 193 | 0 | $177,013 |
| 15 | 27 | 16 | Stefan Johansson | Alumax Aluminum | Penske/Ilmor D | Running | 192 | 0 | $164,113 |
| 16 | 17 | 71 | Scott Sharp (R) | PacWest | Lola/Ford Cosworth XB | Running | 186 | 0 | $161,663 |
| 17 | 3 | 2 | Emerson Fittipaldi (W) | Marlboro Penske | Penske/Mercedes Benz | Accident | 184 | 145 | $298,163 |
| 18 | 8 | 28 | Arie Luyendyk (W) | Indy Regency Racing | Lola/Ilmor D | Engine | 179 | 0 | $161,412 |
| 19 | 6 | 90 | Lyn St. James | Spirit of American Woman/JC Penney | Lola/Ford Cosworth XB | Running | 170 | 0 | $161,212 |
| 20 | 23 | 59 | Scott Brayton | Glidden Paints | Lola/Menard | Engine | 116 | 0 | $177,112 |
| 21 | 2 | 5 | Raul Boesel | Duracell Charger | Lola/Ford Cosworth XB | Water Pump | 100 | 0 | $173,112 |
| 22 | 7 | 1 | Nigel Mansell | Kmart/Texaco/Havoline | Lola/Ford Cosworth XB | Accident | 92 | 0 | $153,312 |
| 23 | 25 | 3 | Paul Tracy | Marlboro Penske | Penske/Mercedes Benz | Turbo | 92 | 0 | $151,612 |
| 24 | 14 | 99 | Hideshi Matsuda (R) | Beck Motorsports | Lola/Ford Cosworth XB | Accident | 90 | 0 | $150,362 |
| 25 | 30 | 45 | John Paul Jr. | Pro Formance Team Losi | Lola/Ilmor D | Accident | 89 | 0 | $168,812 |
| 26 | 15 | 79 | Dennis Vitolo (R) | Hooligans/Carlo | Lola/Ford Cosworth XB | Accident | 89 | 0 | $143,862 |
| 27 | 32 | 25 | Marco Greco (R) | International Sports, Ltd. | Lola/Ford Cosworth XB | Electrical | 53 | 0 | $171,762 |
| 28 | 26 | 7 | Adrian Fernandez (R) | Tecate/Quaker State | Reynard/Ilmor D | Suspension | 30 | 0 | $146,612 |
| 29 | 12 | 17 | Dominic Dobson | Columbia Helecopters | Lola/Ford Cosworth XB | Accident | 29 | 0 | $139,912 |
| 30 | 33 | 40 | Scott Goodyear | Budweiser | Lola/Ford Cosworth XB | Mechanical | 29 | 0 | $159,312 |
| 31 | 31 | 10 | Mike Groff | Motorola | Penske/Ilmor D | Accident | 28 | 0 | $138,812 |
| 32 | 9 | 6 | Mario Andretti (W) | Kmart/Texaco/Havoline | Lola/Ford Cosworth XB | Fuel System | 23 | 0 | $138,512 |
| 33 | 20 | 21 | Roberto Guerrero | Interstate Batteries | Lola/Buick | Accident | 20 | 0 | $143,912 |
- * complete car name/entrant data not available for all entries
- (R) - Indicates Rookie
- (W) - Indicates Past Winner