The 1998 Atlanta 500 Classic was the ninth round of the 1998 Indy Racing League season. The race was held on August 29, 1998 at the 1.54 mi (2.48 km) Atlanta Motor Speedway in Hampton, Georgia. Sophomore Kenny Bräck took his third consecutive win after surging into the lead during the final sections of the 208-lap race ahead of Davey Hamilton, whose second place would be his best result of the season. Both Bräck and Hamilton jumped ahead of Scott Sharp in the points standings into first and second place, respectively, after Sharp suffered a gearbox malfunction and finished 18th. Polesitter Billy Boat, despite setting the fastest lap of the race, was taken out in a crash involving Marco Greco and Steve Knapp on Lap 167.