The 58th Daytona 500 will take place on Feb. 21, 2016 at Daytona International Speedway in Daytona Beach, Florida.

The race is set to officially start at 1:31 p.m. Eastern with drivers starting their engines at 1:19 p.m..

The race will be broadcast on FOX. 

The race is 200 laps around the 2.5-mile speedway and will likely end around 4:45 p.m.

The favorites to win the 2016 race are Dale Earnhardt Jr (6/1), Joey Logano (8/1), Jimmie Johnson (10/1) and Denny Hamlin (10/1).