In its third decade of existence, Rahal Letterman Lanigan Racing continues to exemplify its hallmarks of performance and professionalism. INDYCAR SERIES racing has always been the foundation of Rahal Letterman Lanigan Racing beginning in 1992 when 1986 Indianapolis 500 champion Bobby Rahal and Carl Hogan formed the team’s first incarnation, Rahal Hogan Racing.

Rahal and late-night television icon David Letterman partnered in 1996 to create Team Rahal. The team's name was formally changed in 2004 to Rahal Letterman Racing to reflect Letterman’s involvement more accurately. Mi-Jack co-owner Michael Lanigan joined the team as a co-owner in 2010 and it first competed as Rahal Letterman Lanigan Racing the following season.

Rahal Letterman Lanigan Racing’s driver lineup over the years has included a who’s who of INDYCAR SERIES stars: Bobby Rahal, Bryan Herta, Max Papis, Jimmy Vasser, Michel Jourdain Jr., Kenny Brack, Ryan Hunter-Reay, Vitor Meira, Danica Patrick, Buddy Rice, Scott Sharp, Oriol Servia and Takuma Sato. Graham Rahal returns to the team for 2024 alongside 2022 NTT INDYCAR SERIES Rookie of the Year Christian Lundgaard and team newcomer Pietro Fittipaldi.