The story of Street Racer revolves around a high-speed street racing championship where players compete against each other in high-performance cars. The game's AI computer opponents are skilled and well-designed, adding an extra layer of challenge for human players.
Gameplay involves racing on various tracks with the goal of crossing the finish line first. Players can collect power-ups such as nitro fuel, health packs, and bombs to gain an advantage over their opponents. The game also features split-screen multiplayer mode allowing up to four players to compete against each other.