Property environment could be a cause. Rural, Suburban, Multi-dwelling areas react differently underload. If a splitter is damaged, hastily connected, or just may need cleaned and reterminated.
I am not familiar with iRacing's requirements but I would double check all hardware and settings on your system. Work backwards like water draining back to gateway. A hard bent ethernet cable, animal chew even sunlight can degrade cabling performance... Coax wallplates do go bad. Isolate gateway from its current power source check for changes. If doing all that you do is on Wi-Fi check for channel interference and crowding.
Knowing more variables of your situation could help.