Motorsport Games Inc. announced the sale and transfer of NASCAR Team Properties? (NTP) exclusive license for NASCAR® themed simulation-style console racing games. Current NASCAR titles, including NASCAR Heat 5, which recently received the ?Next-Gen Car Update?

DLC, and Nintendo Switch title NASCAR Rivals will remain supported by Motorsport Games and available for the remainder of 2023 and throughout 2024. Additionally, as part of ongoing efforts to achieve long-term financial sustainability and growth, Motorsport Games has committed to redefining its product and development strategy and will start with a comprehensive commercial review of all projects in its portfolio, which may result in additional restructuring efforts to those already implemented under the previously announced 2022 Restructuring program. This includes a detailed review of the INDYCAR game project, which is under development by the Motorsport Games Australia studio and Traxion.GG, a UK based media website and community focused on racing games and related esports.