The Budweiser Shootout is an annual NASCAR Sprint Cup Series exhibition event held at Daytona International Speedway in February, the weekend before the Daytona 500. It began as the 'Busch Clash' and was a fifty-mile "all-out sprint". In its current format, it is made up of two segments: a short 20-lap segment, followed by a ten-minute intermission. After the intermission, the race concludes with a 50-lap segment in which each car may need to make a pit stop for fuel. The race, like the Sprint All-Star Race held at Lowe's Motor Speedway in May, carries no points for the winner but rather a large purse, circumstances which are supposed to encourage an all-out driving style not seen in regular-season races, where one serious mistake can largely ruin a season. However, due to the smaller fields, huge accidents normally seen in the Daytona 500 are uncommon. The smaller, invitation-only field consists of all of the pole position winners from the previous season as well as former event winners. The starting lineup is determined by a random draw, not by qualifying as all other races are determined.

Budweiser will discontinue sponsorship of the NASCAR pole award after the 2007 season, and be replaced by Coors. The 2008 Budweiser Shootout will be held as scheduled, but may be the last running. The contract with Coors did not include any announcements for future runnings of the race.

The 1987 race, won by Bill Elliott was completed at an average speed of 197.802 mph. It stands as the fastest sanctioned race in the history of NASCAR (though it was not an official points-paying event).