Eagle Raceway is a one-third mile dirt track located two miles (3 km) east of Eagle, Nebraska on U.S. Highway 34 in Cass County, Nebraska, often referred to by some as the "World's Fastest Third Mile" because of its speed. The track is located approximately fifteen miles east of Lincoln, Nebraska.
As of 2006, the World of Outlaws Sprint Series races at the track once a year, in June.
A regular weekly show at the track (Saturday nights from April to September) generally consists of winged sprint cars and IMCA Modifieds in 2006, IMCA-Sanctioned Hobby Stocks and 4-Cylinder Sport Compacts were added to the weekly program.
In 1963, Eagle, Nebraska, residents Dale Halvorsen and Harvey Kropp constructed the racetrack out of farm ground owned by Halvorsen. Kropp served as promoter of the races. The unique terrain allowed for a high-banked bowl-shaped racetrack to be carved out of surrounding hills. The hills provided an easy location for above-track grandstands.
Kropp and Halvorsen promoted primarily open wheel racing events throughout the 1960s and 1970s, ending their promotion of racing after an abbreviated 1976 season in which the only death at the speedway occurred after Jim Golden flipped in turn one after releasing his seatbelts shortly after winning his preliminary heat race.
The track remained dormant until 1978 when Paul Saenz leased the track from Halvorsen and raced Late Model Stock Cars weekly.
In 1984, the track was purchased by John Beecham, his wife Laura and John's brother Marty. The World of Outlaws were brought to the track for a June show, a relationship that continues to this day.
The Beechams began a major renovation project, razing the decaying original scorer's tower and concession stands and constructing a new, two level concession stand and scorer's / VIP area. The old seats were replaced with seating for approximately 5000 fans. The race program consisted of a Friday night winged sprint cars program and a Saturday night NASCAR-sanctioned weekly stock car program. For the 1985 season, the days of the stock car and sprint car program were reversed and IMCA Modifieds were added to the Sprint Car show on Saturdays.