+1 For making money OFF of drag racing. That has always been the idea for me. Thats why I got in the engine business, and am getting a lot more involved with efi tuning. Likewise, part of my interest in class racing is a resume builder.
Other than that, I have always said you dont make money racing, you make money in sales/marketing/advertising. Your number 1 job is to get your sponsors name out there. Luckily, one of the best ways to do that is to win races!
However I would say the best chance to make money in drag racing is running high dollar bracket races. Of course this takes the best parts, and a bad *** driver, but I have a handful of friends that are right on the verge of bein in the black, or in it. One of which is a good friend of mine was a top dragster racer that I helped work on Jeff Wilsons funny car with. He grew up in drag racing but has only been driving for maybe 4 years. But this dude no matter what he does he is just a winner. Doesnt matter if its poker, golf, racing rc cars... He even won the world champion ship for hopping low riders with hydraulics.. Oh yeah and he is a rapper and even has a record ha. Anyway in 08 he decided he was gonna jump up to alcohol funny car... Sold his top dragster blower car, started putting the funny car together, and in the meant time bracket raced a small block dragster.. Well NHRA added about $10k in safety to the alcy cars, so he switched gears and decided he is going to chase all the high dollar bracket races.. Sounded crazy to me at the time.. Its so hard to be the best out there in bracket racing.. The best of the best can be put out by just a somebody. Well.. Maybe he wasnt crazy, since both of his dragsters he bought in the last year have paid for themselves and then some...
Here is a link to a video that is his audition to Who Wants To Be A Race Car Driver