The land on which Lernerville Speedway sits was formerly home to a popular amusement park and skating rink before being converted to a racing facility. The track opened in 1967 and ran its first full season in 1968, with sprint cars, modifieds, and late models all part of the inaugural program. Don Martin served as promoter until his death in 1993, after which Dave Bauman and Albert "Ouch" Roenigk shared the role. Following Bauman's death in 1998, Roenigk continued alone until 2004, when Barb Bartley and Tom Roenigk took over promoting duties.
World Racing Group purchased the speedway in 2005, and in 2006 Gary Risch Jr. and his father Gary Sr. were assigned to run the weekly program. In 2015, Tomson Scrap Metal — owned by Ted Tomson — purchased the facility, with WRG operating through the remainder of that season. Tomson has owned and operated the track since.
Since 1993, Lernerville has consistently run Sprints, Late Models, Modifieds, and Sportsman divisions on its weekly Friday night program, typically running from mid-April through August. The track operates under UMP (United Midwestern Promoters) sanctioning for most classes, with Hoosier tires as the mandated brand for Super Late Models. The RUSH series sanctions the crate engine divisions. The qualifying track record for 410 sprint cars is held by Brad Sweet at 12.300 seconds, while Devin Moran holds the late model qualifying record at 14.750 seconds.
The headline event at Lernerville is the Don Martin Memorial Silver Cup, the track's most prestigious sprint car race, named in memory of the long-serving promoter who died in 1993. First run in 1992, the inaugural Silver Cup paid $25,000 to winner Sammy Swindell. The event has been sanctioned by the High Limit Racing Series in recent years, having previously been a World of Outlaws fixture.
For a period beginning in 2009, the format was split into two separate features — a unique arrangement in World of Outlaws history that inverted the lead-lap cars to set the grid for the second feature. This dual-feature format required the overall winner to have won one of the individual features, a rule introduced in 2011 after Donny Schatz won the overall title without taking a feature victory in 2010. The race returned to a single-feature format in 2016. Notable Silver Cup winners include Sammy Swindell, Steve Kinser, Mark Kinser, Kyle Larson (three-time winner, 2018, 2022, 2023), and Donny Schatz. In 2011 and 2012, NASCAR stars Kasey Kahne and Tony Stewart competed in the Silver Cup; Stewart famously failed to qualify in 2011 but returned in 2012 to dominate one of the two features.
The Firecracker 100 is Lernerville's premier late model event, typically held on the third weekend of June and paying $50,000 to the winner. Inaugurated in 2007 under World of Outlaws Late Model Series sanction, the race moved to Lucas Oil Late Model Dirt Series sanction beginning in 2022. Scott Bloomquist won the inaugural edition and went on to claim the event three times total. Other multiple winners include Jimmy Mars (2009, 2011), Tim McCreadie (2019, 2022), Brandon Overton (2017, 2021), and Ricky Thornton Jr. (2023, 2024). The event has drawn many of the most prominent traveling late model competitors from the northeast and midwest, with a parallel RUSH crate late model feature offering $20,000 to win.
The Commonwealth Clash is Lernerville's second major sprint car special, historically the largest-paying sprint car event in the track's history at $50,000 as of 2023. Sanctioned by USAC Racing from 2026 onward (previously High Limit 2023–2025 and World of Outlaws before that), the Clash has expanded to a two-day format in recent years. David Gravel holds the record for most wins in the event.
Lernerville has had races televised on SPEED and ESPN2, including the Firecracker 100, the Silver Cup, and the Showdown in Sarvertown. With nearly six decades of continuous operation and a track record of hosting some of dirt racing's most recognizable names, Lernerville Speedway remains one of the flagship short-track facilities in the northeastern United States.