At the time of release, Electronic Arts held the official rights to publish video games based on the NASCAR event, which in turn were sub-licensed to Sega to produce this arcade game. It is technically the last EA-branded game to be released for a Sega system, though the company had very little to do with its development.
NASCAR Arcade saw a spiritual sequel in the form of NASCAR Racing, a 2007 arcade game developed by Global VR, again for Electronic Arts. Global VR would then extend this via an upgrade kit in 2011 to create NASCAR Team Racing. Predictably, the three games are often confused with one another as each share similar goals. Furthermore, NASCAR Racing includes the Daytona International Speedway as a track option, something more commonly associated with Sega's Daytona USA series.
The NASCAR video game rights have changed hands several times, and it is extremely unlikely that NASCAR Arcade could be re-released either on a home platform or again in the arcades (EA refused to back the Sega Dreamcast, which would have been the logical platform for Sega to bring the game to in 2000). Since 2011 Activision have held the video game rights.