The National Association for Stock Car Auto Racing, LLC (NASCAR) is an American auto racing sanctioning and operating company best known for stock car racing. It is considered one of the world's top-ranked motorsports organizations and is one of the largest spectator sports in America. The privately owned company was founded by Bill France Sr. in 1948, and his son, Jim France, has been the CEO since August 2018. The company is headquartered in Daytona Beach, FL. Each year, NASCAR sanctions over 1,500 races at over 100 tracks in 48 US states, Canada, Mexico, Brazil, and Europe.