The National Association for Stock Car Auto Racing, LLC (NASCAR) is an American auto racing sanctioning and operating company that is best known for stock car racing. It is considered to be one of the top-ranked motorsports organizations in the world and is one of the largest spectator sports leagues in America. The privately owned company was founded by Bill France Sr. in 1948. The company is headquartered in Daytona Beach, Florida. Each year, NASCAR sanctions over 1,500 races at over 100 tracks in 48 US states, as well as in Canada, Mexico, Brazil, and Europe.