Betting on the Indy 500 is not only popular among racing fans, but it’s also a pastime for casual bettors and sports fans alike. The 110th edition of the Indianapolis 500 is set to get underway from the historic Indianapolis Motor Speedway on Sunday, May 24. Tabbed as “The Greatest Spectacle in Racing,” the Indy 500 will attract a massive handle at online betting sites. Betting on the Indy 500 requires the latest information, and this comprehensive 2026 Indy 500 betting guide provides all the info you will need to place smarter bets.

Forming an Indy 500 betting strategy can help you form a detailed plan with nine previous winners in the 2026 Indy 500 field. According to the latest 2026 Indy 500 odds, Alex Palou, the defending champion, is the +250 favorite after winning the pole position. Other notable Indy 500 contenders include Pato O’Ward (+650) and Conor Daly (+750). Claim the latest DraftKings promo code, where new users get $100 in bonus bets instantly after your first $5 wager: 

The green flag drops at 12:45 p.m. ET on Sunday, and if you’re wondering how to bet on the Indy 500 or where to bet on the Indianapolis 500, our 2026 Indy 500 betting guide highlights some of the best Indy 500 promo codes, including the FanDuel promo code, DraftKings promo code and bet365 bonus code. You can use these sign-up bonuses to significantly boost your bankroll, and we’ll also offer an intro to Indy 500 wagering that gives you everything you need to know before you begin Indy 500 betting. Bet the Indianapolis 500 at FanDuel Sportsbook, where new users get $150 in bonus bets if your first $5 wager wins:

How to bet on the 2026 Indy 500

If you’re looking for how to bet on the 2026 Indianapolis 500, online sportsbooks are likely your most convenient answer. Online sports betting apps are now legal in more than 30 states plus Washington D.C. and Puerto Rico, and it’s easy to sign up for online betting sites like DraftKings, FanDuel, bet365, Caesars, BetMGM and Fanatics Sportsbook. All of those top sports betting apps are also currently offering sportsbook promos that could help you boost your bankroll ahead of the 2026 Indy 500. Here are the top 2026 Indianapolis 500 betting sites:

2026 Indianapolis 500 odds

Here is the field for the 110th running of the Indy 500. There were 33 drivers who qualified for the 2026 Indianapolis 500 at “The Brickyard” and they’ll do 200 laps around the 2.5-mile rectangular oval. Click on the odds (via FanDuel) to wager now.

Indy 500 betting: Alex Palou

With a victory on Sunday, Palou will become the seventh driver to win the Indianapolis 500 in back-to-back years. He’s seeking to be the first driver to win the Indy 500 from the pole position since Simon Pagenaud in 2019. Palou enters the Indy 500 full of confidence after finishing inside the top five in five of his last six races, which include three victories. Palou won a career-best eight races last year, including the Indy 500. He’s in a strong position to go back-to-back at the Indy 500 after winning the pole for the second time in his career.

Indy 500 betting: Pato O’Ward

Pato O’Ward will make his seventh start at the Indy 500, and he’s finished in the top three in three of his last four Indy 500 runs. O’Ward finished third last year and placed second in 2022 and 2024. He finished second in the IndyCar standings last year for his third straight top-five finish. O’Ward has finished no worse than seventh in the IndyCar standings in each of the previous six seasons. He’s sixth so far this year with four top-five results in six starts.

Indy 500 betting: Conor Daly

Conor Daly is set to make his 13th start in the Indy 500, and after some rough showings in his earlier starts in the marquee race, Daly has become one of the most consistent Indy 500 performers in recent years. The 34-year-old has finished in the top 10 in four straight Indy 500 runs, including eighth last year.

Indy 500 betting: David Malukas

The 24-year-old is a first-year member of Team Penske, driving the No. 12 Chevrolet. David Malukas finished second at last year’s Indy 500 in just his third start in the event. He just missed a top-10 finish overall last year, placing 11th in the IndyCar standings. He’s off to a strong start this year, though, currently third in the standings. He’s finished no worse than seventh in five straight races, and he’s coming off placing second on a road course in the Grand Prix of Indianapolis in his last start May 9. David Malukas

Indy 500 betting:  Alexander Rossi

Alexander Rossi suffered what’s described as a minor finger and ankle injury from a three-car crash during Monday’s practice run, but he’s expected to race in the 2026 Indy 500. Rossi had his streak of three straight top-five finishes at the Indy 500 snapped last year, partly due to mechanical issues, but the eight-time IndyCar winner is one of the most successful drivers in the Indy 500 driver pool. Rossi has six top-five finishes and seven top-10 results in 10 career Indy 500 runs. He’s finished in the top 10 in four of six starts this season.

Indy 500 betting: Scott McLaughlin

Scott McLaughlin never truly had a chance to compete at last year’s Indy 500, crashing during the warm-up and unable to race in the main event. He’s since called that “the worst day of my life” as he was unable to chase down a white whale of winning an Indianapolis 500. McLaughlin is winless in five Indy 500 runs. He was on the pole in 2023 before finishing sixth, which is the only time he’s even finished inside the top 10 at the Indy 500. The motivation is certainly there after losing his opportunity last year before the race even started for the Team Penske driver.

Indy 500 betting: Josef Newgarden

Josef Newgarden is a two-time IndyCar champion (2017, 2019) and he’s also a two-time Indy 500 winner (2023, 2024). Mechanical issues played a role in his inability to three-peat last year, but still, Newgarden has seven top-10 finishes over his last 11 Indy 500 runs. He’s the winningest American driver in IndyCar history with 33 victories, including taking the Grand Prix of Phoenix this year. He won multiple IndyCar races for eight straight years from 2017 to 2024. This marks his 15th Indy 500 start as one of the most proven drivers on the track.

Indy 500 betting: Santino Ferrucci

Santino Ferrucci is set to make his 100th IndyCar start on Sunday. He’ll start in fifth place for the 2026 Indianapolis 500, driving the No. 14 Chevrolet for AJ Foyt Racing. He’s made seven starts at the Indy 500, placing in the top 10 in all seven of his starts. He also has three top-five finishes as well.

Indy 500 betting: Felix Rosenqvist

Felix Rosenqvist finished fourth at last year’s Indy 500, and he’s coming off a recent second-place result in Long Beach on April 19. He finished a career-best sixth in last year’s IndyCar standings and will drive the No. 60 Honda for Meyer Shank Racing.

Indy 500 betting: Scott Dixon

Scott Dixon returns for his 26th IndyCar season and he’s second all-time in IndyCar victories (59). The 45-year-old holds a record six IndyCar championships, most recently winning in 2020. The 2008 Indy 500 champion is set for his 24th Indy 500 start, and he has nine top-five finishes and 14 top-10 results in this race. His experience and career success always make him a popular Indy 500 betting option as one of the sport’s all-time greats. 

Indy 500 betting promos and bonus offers

FanDuel Sportsbook: Bet $5, get $150 in bonus bets if your first $5 bet wins

The FanDuel promo code offer doesn’t need a code, but new users must meet the legal age requirement in a state where FanDuel operates legitimately. Here’s how to sign up for one of the largest betting sites.

How does the FanDuel promo code work?

1. Click “Claim Bonus” on this page, or simply click here.
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If your first bet settles as a win, FanDuel will credit your account with $150 in bonus bets within 72 hours of the original bet settlement. You’ll then be able to use your bonus bets in whatever increments you like, but bonus bets expire following seven days. Bonus bets can’t be cashed out or withdrawn, and if you submit a bet using bonus funds, you’ll get the winnings but not the stake.

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DraftKings Sportsbook: Bet $5, get $100 in bonus bets instantly after your first $5 wager

No code is required for the DraftKings promo code, but users must be of legal age in a state where DraftKings legitimately operates. You must also be a new user at the sportsbook to qualify, meaning you could not have previously signed up for a DraftKings account. Here’s how to sign up for one of the top betting sites.

How does the DraftKings promo code work?

1. Select “Claim Bonus” on this page, or click here.
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You will receive your bonus bets in the form of four $25 slips within 72 hours of your qualifying wager settling as a win. Bonus bets are valid for seven days after they are received. They hold no cash value. Payouts from bonus bets are transferred to the user’s cash balance and do not include the bonus bet stake. 

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Fanatics Sportsbook: 10x$100 Bet Match in FanCash OR 100% Profit Boost Token for 5 days

The latest Fanatics Sportsbook promo code CBSFAN allows new users to get 10 bet matches up to $100 each over 10 days or a 100+ profit boost token for five days. Users receive their stake, up to $100, back in FanCash if your bet loses for each of the first 10 days. This promotion is available to eligible users in states where Fanatics Sportsbook legally operates (except New York).

How does the Fanatics Sportsbook promo code work?

1. Download the Fanatics Sportsbook mobile app
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BetMGM Sportsbook: Get up to $1,500 in bonus bets if your first bet loses

The latest BetMGM bonus code CBSSPORTS awards new users up to $1,500 back in bonus bets if their first bet loses. BetMGM users in New Jersey, West Virginia, Pennsylvania or Michigan can get a different promotion and receive $150 in bonus bets if they win their first bet of $10 or more.  

How does the BetMGM bonus code work?

1. Those interested can click the CLAIM BONUS button on this page to navigate to BetMGM Sportsbook or click here
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Caesars Sportsbook: Bet $1, double your winnings on next 10 bets

The Caesars Sportsbook promo code CBSDYW allows new users to bet $1 and double their winnings on their next 10 wagers with 100% profit boosts. 

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1. Click “Claim Bonus” on this page to begin the signup process or click here.
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bet365 Sportsbook: Bet $10, get $200 instantly 

The bet365 bonus code CBSSPORTS offers new users $200 in bonus bets with a $10+ bet, whether the bet wins or loses. New users can use the promo code CBSBET365 to claim this online sports betting offer. For those who haven’t opened a bet365 account and want $365 in bonus bets, follow these steps below. 

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After making that first wager with the bet365 bonus code, new bettors will be given $200 in bonus bets regardless of whether the bet wins or loses. You can divide the $200 in bonus bets however you’d like, but any amount left over will expire within seven days. New bet365 users must claim the offer within 30 days of signing up for a bet365 account. 

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Indy 500 history

The Indianapolis 500 is an annual race held at Indianapolis Motor Speedway and is commonly referred to as “the greatest spectacle in racing.” The Indy 500 was first held on May 30, 1911. Arguably the biggest event on the IndyCar calendar, the Indy500 has taken place on the Sunday before Memorial Day since the 1970s. 

Four racers share the record for the most Indy 500 victories with four, including Hélio Castroneves, A.J. Foyt, Rick Mears and Al Unser. Foyt also has the most career Indy 500 starts with 35. Castroneves holds the longest span between wins at 20 years, after securing his first Indy 500 victory in 2001 and his most recent in 2021. Unser’s win in 1987 made him the oldest driver to win the Indy 500 at 47 years and 360 days old. 

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Indy 500 betting options and wagers

Win

This is simply a bet on which driver will win the race. You only get paid if your driver finishes first.       

Place

This gives a little buffer room for bettors, as you cash your ticket if your driver finishes first or second. However, the payout for first is not as good as a win bet.         

Show

Like horse racing, a show bet covers a top-three finish, but the price is worse than a win or place bet.        

Top finishes

There are various types of top finishing bets, including top five and top 10. The favorites generally have heavily juiced odds to finish in the top five or top 10. 

Matchups

Matchup bets pit two specific drivers against each other, and whichever driver finishes ahead of the other one is the winner of the prop. Sportsbooks decide which drivers to feature in these matchups.        

Winning manufacturer

Bettors can choose between Chevrolet and Honda for the winning manufacturer. This is a common offering across major sportsbooks, so there is a chance to price shop for the best line.           

Winning car number

There are multiple over/unders to choose from for winning car number, with some examples being 9.5, 10.5 and 15.5. Bettors can also choose an exact range of numbers, such as 1-6 or 13-24, for a bigger payout.         

Winning team

This is a bet on which team will win the race, with Chip Ganassi Racing and Team Penske being two of the most popular choices. 

Lap props 

There are multiple types of lap props, such as the over/under for most laps led by a driver or the speed of the fastest lap.        

Groups

If bettors want to target a specific driver to perform well, groups are a great option. These usually split drivers into groups of four, and the winner is generally available at a plus-money payout.        

Forecast

Much like an exacta in horse racing, a straight forecast gives bettors a chance to pick the top two finishers in the correct order. There are also dual forecasts, where bettors just need to pick the top two finishers in any order, but the payout is not as high as a straight forecast.         

Race props

We have covered some of the popular Indy 500 props, but there are other ones as well. Some of the options include number of lead changes, average speed of the race, grid position of the race winner and the winning nationality.  

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Indy 500 past winners 

2025: Alex Palou (Ganassi)
2024: Josef Newgarden (Penske)
2023: Josef Newgarden (Penske)
2022: Marcus Ericsson (Ganassi)
2021: Helio Castroneves (Meyer Shank)
2020: Takuma Sato (Rahal Letterman)
2019: Simon Pagenaud (Penske)
2018: Will Power (Penske)
2017: Takuma Sato (Andretti)
2016: Alexander Rossi (Andretti-Herta)
2015: Juan Pablo Montoya (Penske)
2014: Ryan Hunter-Rea (Andretti)
2013: Tony Kanaan (KV)
2012: Dario Franchitti (Ganassi)
2011: Dan Wheldon (Bryan Herta)
2010: Dario Franchitti (Ganassi)
2009: Helio Castroneves (Penske)
2008: Scott Dixon (Ganassi)
2007: Dario Franchitti (Andretti-Green)
2006: Sam Hornish Jr. (Penske)
2005: Dan Whelson (Andretti-Green)
2004: Buddy Rice (Rahal Letterman)
2003: Gil de Ferran (Penske)
2002: Helio Castroneves (Penske)
2001: Helio Castroneves (Penske)
2000: Juan Montoya (Chip Ganassi)
1999: Kenny Brack (AJ Foyt)
1998: Eddie Cheever Jr. (Cheever)
1997: Arie Luyendyk (Treadway)
1996: Buddy Lazier (Hemelgarn)
1995: Jacques Villeneuve (Green)
1994: Al Unser Jr. (Penske)
1993: Emerson Fittipaldi (Penske)
1992: Al Unser Jr. (Galles-Kraco)
1991: Rick Mears (Penske)
1990: Arie Luyendyk (Doug Shierson)
1989: Emerson Fittipaldi (Patrick)
1988: Rick Mears (Penske)
1987: Al Unser (Penske)
1986: Bobby Rahal (Trusports)
1985: Danny Sullivan (Penske)
1984: Rick Mears (Penske)
1983: Tom Sneva (Bignotti-Cotter)
1982: Gordon Johncock (STP Patrick)
1981: Bobby Unser (Penske)
1980: Johnny Rutherford (Chaparral)
1979: Rick Mears (Penske)
1978: Al Unser (Chaparral)
1977: A.J. Foyt (AJ Foyt)
1976: Johnny Rutherford (Bruce McLaren)
1975: Bobby Unser (All American Racer)
1974: Johnny Rutherford (Bruce McLaren)
1973: Gordon Johncock (Patrick)
1972: Mark Donohue (Roger Penske)
1971: Al Unser (Vel’s Parnelli Jones)
1970: Al Unser (Vel’s Parnelli Jones)
1969: Mario Andretti (STP Corp)
1968: Bobby Unser (Leader Cards)
1967: A.J. Foyt (Ansted-Thompson)
1966: Graham Hill (Mecom)
1965: Jim Clark (Lotus)
1964: A.J. Foyt (Ansted-Thompson)
1963: Parnelli Jones (JC Agajanian)
1962: Rodger Ward (Leader Cards)
1961: A.J. Foyt (Bignotti-Bowes)
1960: Jim Rathmann (En-Paul)
1959: Rodger Ward (Leader Cards)
1958: Jimmy Bryan (George Salih)
1957: Sam Hanks (George Salih)
1956: Pat Flaherty (John Zink)
1955: Bob Sweikert (John Zink)
1954: Bill Vukovich (Howard B Keck)
1953: Bill Vukovich (Howard B Keck)
1952: Troy Ruttman (JC Agajanian)
1951: Lee Wallard (Murreil Belanger)
1950: Johnnie Parsons (Kurtis Kraft)
1949: Bill Holland (Lou Moore)
1948: Mauri Rose (Lou Moore)
1947: Mauri Rose (Lou Moore)
1946: George Robson (Thorne)
1945: N/A
1944: N/A
1943: N/A
1942: N/A
1941: F Davis – M Rose (Lou Moore)
1940: Wilbur Shaw (Boyle)
1939: Wilbur Shaw (Boyle)
1938: Floyd Roberts (Lou Moore)
1937: Wilbur Shaw (Wilbur Shaw)
1936: Louis Meyer (Louis Meyer)
1935: Kelly Petillo (Kelly Petillo)
1934: Bill Cummings (HC Henning)
1933: Louis Meyer (Louis Meyer)
1932: Fred Frame (Harry Hartz)
1931: Louis Schneider (BL Schneider)
1930: Billy Arnold (Harry Hartz)
1929: Ray Keech (MA Yagle)
1928: Louis Meyer (Alden Sampson II)
1927: George Souders (William S White)
1926: Frank Lockhart (Peter Kreis)
1925: Peter De Paolo (Duesenberg)
1924: L Corum – J Boyer (Duesenberg)
1923: Tommy Milton (HCS Motors)
1922: Jimmy Murphy (Jimmy Murphy)
1921: Tommy Milton (Louis Chevrolet)
1920: Gaston Chevrolet (William Small)
1919: Howdy Wilcox (IMS Corp)
1918: N/A
1917: N/A
1916: Dario Resta (Peugeot)
1915: Ralph DePalma (EC Patterson)
1914: Rene Thomas (Louis Delage)
1913: Jules Goux (Peugeot)
1912: Joe Dawson (National Motors)
1911: Ray Harroun (Nordyke & Mermon)

Indy 500 records 

• A.J. Foyt has the most career Indy 500 starts with 35

• Scott Dixon has the most laps led in Indy 500 history with 665 

• The largest margin of victory is 13 minutes, 8.40 seconds by Jules Goux in 1913

• Hélio Castroneves has the longest span between victories at 20 years (first win in 2001, most recent win in 2021)

• Troy Ruttman is the youngest Indy 500 champion at 22 years and 80 days (1952)

• Al Unser is the oldest Indy 500 champion at 47 ears and 360 days (1987)

• Team Penske has picked up the most Indy 500 wins with 20 

Below is a list of drivers with two or more Indy 500 victories:

• Hélio Castroneves (4)
• A.J. Foyt (4)
• Rick Mears (4)
• Al Unser (4)
• Dario Franchitti (3)
• Louis Meyer (3)
• Wilbur Shaw (3)
• Mauri Rose (3)
• Johnny Rutherford (3)
• Bobby Unser (3)
• Emerson Fittipaldi (2)
• Gordon Johncock (2)
• Arie Luyendyk (2)
• Tommy Milton (2)
• Juan Pablo Montoya (2)
• Josef Newgarden (2)
• Takuma Sato (2)
• Bill Vukovich (2)
• Rodger Ward (2)
• Dan Wheldon (2)
• Al Unser Jr. (2)