Last August we reported on the launch of iRacing, a multiplayer online PC racing sim company that was co-founded by Dave Kaemmer, a co-founder of the now defunct Papyrus Racing developer that created the acclaimed NASCAR Racing sims for the also now defunct Sierra. Well, it seems what comes around goes around (an apt NASCAR metaphor) as iRacing has just announced a new agreement with NASCAR to run a fully sactioned NASCAR online racing series.

The online series will begin in early 2010 and will allow NASCAR fans to drive in multiplayer online races against each other and even against real NASCAR drivers, including Dale Earnhardt, Jr. This will be the first NASCAR licened PC game since Electronic Arts released the horrible NASCAR SimRacing game in 2005. iRacing charges $19 a month for its services with annual subscriptions lowering the amount to $13 a month.