The 82nd Indianapolis 500 was held at the Indianapolis Motor Speedway in Speedway, Indiana on Sunday, May 24, 1998. This was the third Indianapolis 500 run as part of the Indy Racing League, but the first fully-sanctioned by the IRL after they relied on USAC to sanction the 1996–1997 races. The race was part of the 1998 Pep Boys Indy Racing League season.

David MacFarland Steele was an American professional racing driver who won numerous sprint car racing championships and also competed in IndyCar and NASCAR races. Steele last drove a winged sprint car in the Southern Sprintcar Shootout Series, where he won the first 5 races in series history. Steele was killed in a crash at Desoto Speedway on March 25, 2017.