Indy 500 Betting Guide: Odds, Picks, and Promotions for May 24 Race

Indianapolis Motor Speedway will host the 2026 Indianapolis 500 on Sunday and Alex Palou is on the pole after posting an average speed of 232.248 mph in his Chip Ganassi Racing Honda last weekend during qualifying. Palou is the defending champion and is listed as the +250 favorite in the 2026 Indy 500 odds after qualifying 11th. He'll be looking for early help from his teammates, with Kyffin Simpson (+5000) and Scott Dixon (+2200) sitting a couple rows behind him on the inside.

Honda has won the Indy 500 in four of the last six years, but Chevrolet took six of the top nine qualifying spots last weekend and could band together to try to form a wall at the front. Pato O'Ward piloted his Arrow McLaren Chevrolet to sixth during qualifying and he's second on the Indianapolis 500 odds board at +650 while two-time Indy 500 winner Josef Newgarden is +1000 despite qualifying 23rd in his Team Penske Chevy.  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:

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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.

Driver Odds Alex Palou +250 Pato O'Ward +650 Conor Daly +750 David Malukas +800 Alexander Rossi +900 Josef Newgarden +1000 Felix Rosenqvist +1200 Santino Ferrucci +1200 Scott McLaughlin +1200 Scott Dixon +2200 Takuma Sato +3000 Helio Castroneves +3000 Christian Rasmussen +3000 Kyle Kirkwood +3500 Christian Lundgaard +4000 Marcus Ericsson +4000 Rinus Veekay +4000 Will Power +4000 Caio Collet +5000 Kyffin Simpson +5000 Ryan Hunter-Reay +6000 Marcus Armstrong +6000 Graham Rahal +8000 Ed Carpenter +8000 Romain Grosjean +10000 Nolan Siegel +10000 Dennis Hauger +10000 Louis Foster +12500 Jack Harvey +17500 Mick Schumacher +20000 Sting Ray Robb +50000 Katherine Legge +50000

Indy 500 betting: Alex Palou

Age 29 Indy 500 odds to win +250 Indy 500 odds for top 5 finish -240 Best Indy 500 finish Win (2025) Indy 500 top-5 finishes 4 Wins in 2026 3

Alex Palou is on his way toward becoming one of the most dominant IndyCar drivers of all time, finishing as the top driver and the IndyCar champion in each of the previous three seasons. 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. Palou finished fourth at the 2023 Indy 500 after winning the pole. He's finished in the top five in four of his last five Indy 500 starts, finishing ninth in the other start. He's already a four-time IndyCar champion, just two wins shy of Scott Dixon's record six championships. Palou has won three of his six starts so far this season.

Indy 500 betting: Pato O'Ward

Age 27 Indy 500 odds to win +600 Indy 500 odds for top 5 finish +100 Best Indy 500 finish 2nd (2022, 2024) Indy 500 top-5 finishes 4 Wins in 2026 0

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

Age 34 Indy 500 odds to win +700 Indy 500 odds for top 5 finish +145 Best Indy 500 finish 6th (2022) Indy 500 top-5 finishes 0 Wins in 2026 0

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

Age 24 Indy 500 odds to win +800 Indy 500 odds for top 5 finish +115 Best Indy 500 finish 2nd (2025) Indy 500 top-5 finishes 1 Wins in 2026 0

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

Age 34 Indy 500 odds to win +900 Indy 500 odds for top 5 finish +165 Best Indy 500 finish Won (2016) Indy 500 top-5 finishes 6 Wins in 2026 0

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

Age 32 Indy 500 odds to win +1000 Indy 500 odds for top 5 finish +175 Best Indy 500 finish 6th (2024) Indy 500 top-5 finishes 0 Wins in 2026 0

Scott McLaughlin has seven career IndyCar victories, but the Indy 500 has always been a more difficult race for him. The 32-year-old has never cracked the top five and has only one top-10 finish in five Indy 500 starts. He opened the 2026 IndyCar season with a second-place finish at the Grand Prix of St. Petersburg, but McLaughlin has finished outside the top five in five straight races since.

Indy 500 betting: Josef Newgarden

Age 35 Indy 500 odds to win +1000 Indy 500 odds for top 5 finish +135 Best Indy 500 finish 2nd (2023, 2024) Indy 500 top-5 finishes 5 Wins in 2026 1

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

Age 27 Indy 500 odds to win +1100 Indy 500 odds for top 5 finish +155 Best Indy 500 finish 3rd (2022) Indy 500 top-5 finishes 3 Wins in 2026 0

Santino Ferrucci will make his 100th IndyCar start in pursuit of his first victory on Sunday, including his eighth start at the Indy 500. Although he hasn't won, Ferrucci has been a consistent strong finisher at the Indy 500, placing in the top 10 in all seven of his starts. He has three top-five finishes as well.

Indy 500 betting: Felix Rosenqvist

Age 34 Indy 500 odds to win +1200 Indy 500 odds for top 5 finish +175 Best Indy 500 finish 4th (2022, 2025) Indy 500 top-5 finishes 2 Wins in 2026 0

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

Age 45 Indy 500 odds to win +1600 Indy 500 odds for top 5 finish +250 Best Indy 500 finish Won (2008) Indy 500 top-5 finishes 9 Wins in 2026 0

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

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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 .

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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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