The Greatest Spectacle in Racing got underway for the 97th time under cloudy and cool conditions.
The Indianapolis 500 was just 3 laps old before the first incident of the day.
JR Hilderbrand, driver of the number 4 National Guard car, lost control as the rear end of the car came around on him and he crashed into the outside wall between turns 1 and 2.
Ed Carpenter, who was fast in all the practices leading up to the race, took the early lead and was pressured by Marco Andretti in second place.
Andretti eventually took the lead only to be supplanted by Tony Kaanan who took the lead to a huge cheer from the crowd.
The second caution flag came out on lap 36 when Sebastian Saavadra was bumped between turns three and four and clipped the outside wall in turn 4. He was not injured.
When the yellow flag came out James Jakes was the leader followed by Pippa Mann and Simona De Silvestro in third.
Most of the early leaders had pitted and left those three leading the field Those three drivers stopped for service, new tires, and fuel and gave the lead back to Ed Carpenter.
On lap 56 Takuma Sato, driver of the number 14, lost control of his ride in a single car spin and once again brought the caution flag out at the track.
By lap 60 of the 200 that makes a complete race, there had been 19 lead changes with 6 different drivers in what was one of the most competitive and exciting races in recent years.
At the 100 lap mark, half way through the race, Rookie AJ Allmendinger was the leader with Tony Kanaan second, Ryan Hunter-Reay third, EJ Viso was forth and Marco Andretti was posted in the fifth position.
.Four drivers were out of the race, Pippa Mann, Buddy Lazier, Saavadra and Hilderbrand.
With 50 laps to go in the race, at lap 150, Marco Andretti was the leader with Helio Castroneves in second and finally showing some muscle. There had been a record 45 lead changes at that point of the race with 12 different leaders.
With 25 laps to go there were still 20 cars on the lead lap with a chance to win. There would be one final round of pit stops which would play a part in the eventual winner of the race.
With under 10 laps to go, the yellow flag came out when Graham Rahal had an incident setting up a final shootout between Ryan Hunter-Reay, Tony Kanaan, Rookie Carlos Munoz, Marco Andretti and Justin Wilson who were the top 5.
The shootout was short lived as defending champion Dario Franchetti hit the wall bringing out the yellow flag and giving the victory to fan favorite Brazilian Tony Kanaan.
There were over 70 lead changes in the race setting a new record. The old record was 34.
Carlos Munoz was the runner up with Ryan Hunter-Reay third.