Read the following paragraph and determine if the hypothesis is true:

New Hampshire Motor Speedway is a 1.058 mi oval speedway located in Loudon, New Hampshire, which has hosted NASCAR racing annually since the early 1990s, as well as the longest-running motorcycle race in North America, the Loudon Classic. Nicknamed "The Magic Mile", the speedway is often converted into a 1.6 mi road course, which includes much of the oval.

Hypothesis: New Hampshire Motor Speedway is a 1.058 mi oval speedway located in Loudon, New Hampshire, which has hosted NASCAR racing annually since the early2000s, as well as the longest-running motorcycle race in North America, the Loudon Classic. NASCAR racing has been popular a very long time.