The event is staged over a three-day weekend, from Friday to Sunday. Two forty-minute practice sessions are held on Friday. Saturday features a twenty-minute qualifying session which decides the grid positions for the following 250 kilometre race. A twenty-minute qualifying session is held on Sunday, succeeded by a top ten shootout, the combined results of which decide the grid for the following 250 km race.
History
From 2009 until 2016, the final event on the Supercars calendar was the Sydney 500 at the Sydney Olympic Park Street Circuit. Following the demise of the event, Supercars opened discussions with Destination NSW for a replacement event in the state. Initial plans for a race at Gosford on the state's Central Coast fell through after several months of negotiations, leaving Newcastle as the leading alternative. In September 2016, Newcastle's place as the final event of the 2017 season was confirmed in an announcement made by Supercars CEO James Warburton and PremierMike Baird. In December 2016, the track layout and a November 2017 date for the inaugural event were confirmed. The first two events in 2017 and 2018 both saw close championship deciders involving Scott McLaughlin. The inaugural event culminated in the 2017 championship being decided in the final minutes of the Sunday race with McLaughlin requiring no worse than an 11th-place finish to win the championship over Jamie Whincup after winning the Saturday race with Whincup 21st. McLaughlin was running in 11th on the penultimate lap of the final race before an incident with Craig Lowndes exiting the first corner. Following an immediate stewards review, McLaughlin was given a time penalty for the contact with Lowndes, which awarded a record seventh championship to Whincup. McLaughlin again entered the 2018 event in championship contention, this time against Whincup's team-mate Shane van Gisbergen. In the Saturday race, van Gisbergen overtook McLaughlin on the final lap as McLaughlin ran low on fuel. Van Gisbergen was then given a post-race penalty for a pitlane infringement which pushed him to fifth in the final results. McLaughlin then finished second in the Sunday race to secure his first championship title, only conceding the race lead in the late stages to David Reynolds, who scored the most points at the event for the second consecutive year. The result meant that the Ford Falcon won the championship in its final scheduled championship entry and the event was also the final drive of Craig Lowndes' full-time career. The planned 2020 event was cancelled due to the COVID-19 pandemic, replaced by the Sydney SuperNight at Sydney Motorsport Park to meet the obligation of a season finale in the state of New South Wales.
Winners
Multiple winners
By driver
By team
By manufacturer
Criticism
Before the first running of the event, many East End residents raised concerns about the implications of the event's running in this area of the city. Up to 140 residents staged a protest resulting in clashes against Supercars fans, among concerns about noise restrictions and lack of access during the race weekend. During the inaugural race weekend, NSW Police were called to a trackside unit following reports that a support category was egged.
Concerts
The Newcastle 500 event and circuit precinct has and will play host to various music acts as part of the "Rock and Race" format. In 2017 the concerts were held in Foreshore Park within the confines of the circuit, while from 2018 onwards concerts have been scheduled to be held at Newcastle Number 1 Sports Ground, 3.5 km away. Bands and band tours to have been conducted in tandem with the event include:
In 2019, Kiss were scheduled to headline a concert including The Screaming Jets as part of their before it was cancelled along with the other Australian and New Zealand tour dates.
