Indy 500 Betting Promos: Odds, Picks, & Start Time for Greatest Spectacle in Racing

Sunday, May 24 marks race day for the Indy 500, one of the most iconic events in motorsports. The action gets underway at 12:30 p.m. ET on FOX, with drivers chasing history at the legendary Indianapolis Motor Speedway. Ahead of the green flag, bettors can claim over $5,000 in bonus value through top Indy 500 betting promos.

Use the best sports betting sites to claim a welcome bonus from Fanatics Sportsbook, BetMGM, DraftKings, FanDuel, bet365, Hard Rock Bet, Caesars Sportsbook, and theScore Bet. You can also find the Indy 500 odds, my picks, and the start time for today's race, taking place in Speedway, Indiana.

Check the table below for the latest Indy 500 betting promos and offers. Don’t miss the “Greatest Spectacle in Racing” as it returns to Indianapolis for another unforgettable edition.

Indy 500 Odds

The latest Indy 500 odds have Alex Palou as the clear favorite heading into race day, as he looks to become a repeat winner at Indianapolis Motor Speedway after a dominant start to the season. The reigning Indy 500 champion and four-time IndyCar Series titleholder leads a stacked field, but several challengers are within striking distance if strategy, traffic, or cautions shake things up.

Can Palou convert pole position into back-to-back Indy 500 wins, or will one of the contenders break through on race day?

• Alex Palou +250
• Pato O'Ward +600
• Conor Daly +700
• David Malukas +800
• Alexander Rossi +900
• Scott McLaughlin +1000
• Josef Newgarden +1000
• Santino Ferrucci +1100
• Felix Rosenqvist +1200
• Scott Dixon +1600

Indy 500 Picks

Take a look at my Indy 500 picks for the Greatest Spectacle in Racing. You can also view our Indy 500 betting guide to find the top selections for the Indy 500 today.

Pato O'Ward to Win +600: Pato O’Ward has been knocking on the door at the Indy 500 throughout his career, finishing sixth or better in five of his six starts. He’s also led laps in five consecutive Indy 500s, showing he has the speed and racecraft to contend at the front. At this point, it feels like only a matter of time before he breaks through and captures the checkered flag in the biggest race of the season.

Scotti Dixon Top 5 Finish +250: It’s been nearly 20 years since Scott Dixon’s lone Indy 500 victory in 2008, but he remains one of the most consistent performers in the field. While a win at age 45 feels unlikely, a strong finish is well within reach. Dixon has finished sixth or better in two of the last three Indy 500s and eighth or better in five straight races this season. He may need a bit more to crack the top five, but the value at this price point is tough to ignore.

Indy 500 Start Time

The Indy 500 start time is 12:30 p.m. ET on Sunday, May 24, when the green flag drops for the Greatest Spectacle in Racing.

• Date: Sunday, May 24
• Time: 12:30 p.m. ET
• Channel: FOX
• Location: Indianapolis Motor Speedway in Speedway, IN

Best Indy 500 Betting Promos: Claim Thousands in Bonus Value for Today's Race

Don’t miss out on the best Indy 500 betting promos and the chance to claim thousands in bonus value for today’s race. The biggest sportsbooks are rolling out major welcome offers and bonus bets, giving new users extra value on one of motorsports’ most anticipated events of the year.

And it’s not the only major race on the schedule today. Fans can also tune into the longest race in NASCAR, the Coca-Cola 600, which goes green at 6 p.m. ET on Prime Video.

1. Fanatics Sportsbook

With the Fanatics Sportsbook promo code ACTION, you can unlock up to $1,000 in bonus value, making it one of the best Indy 500 betting promos.

• Fanatics Sportsbook Promo Code ACTION ($1,000 Bet Match): Over 10 days, make a daily wager on Indy 500 market. Win or lose, Fanatics Sportsbook matches your daily wager in FanCash, up to $100, totaling $1,000 after 10 days.
  • Fanatics Sportsbook States Available: AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, PA, TN, VA, VT, WV, WY

• Fanatics Sportsbook Promo Code ACTION ($350 Bonus Bets): Make a $20 wager for seven straight days, and get $350 in bonus bets ($50 per day).
  • Fanatics Sportsbook States Available: AZ, CT, DC, IA, KS, KY, LA, MA, MD, MI, NJ, PA, VA, VT, WV, WY

• Fanatics Sportsbook Promo Code ACTION ($350 FanCash): Bet $20 for seven consecutive days. Fanatics Sportsbook provides $50 in FanCash per day, totaling $350 after seven days.
  • Fanatics Sportsbook States Available: CO, IN, MO, NC, TN

• Fanatics Sportsbook NY Promo Code ACTION (Daily 100% Profit Boost Tokens): Claim 10 100% Profit Boost Tokens in New York.
  • Fanatics Sportsbook States Available: New York

• Fanatics Sportsbook NY Promo Code ACTION ($250 No Sweat Bets): New York users get a daily No Sweat Bet, up to $25, for 10 consecutive days.
  • Fanatics Sportsbook States Available: New York

• Fanatics Sportsbook IL Promo Code ACTION (500% Profit Boost Tokens): In Illinois, you get three 500% Profit Boost Tokens for the Indy 500.
  • Fanatics Sportsbook States Available: Illinois

• Fanatics Sportsbook OH Promo Code ACTION ($400 Bet-and-Get Promo): Make $100 in wagers on Indy 500 markets, and get $400 in bonus bets ($100 per day).
  • Fanatics Sportsbook States Available: Ohio

• Fanatics Sportsbook Promo Code ACTION ($50K MLB Daily Jackpot): Bet on any player to hit a home run. If your player hits the longest home run of the day, you earn a share of $50,000 in FanCash.
  • Fanatics Sportsbook States Available: AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, OH, PA, TN, VA, VT, WV, WY

2. BetMGM

Take advantage of the BetMGM bonus code and unlock one of the best Indy 500 betting promos on Sunday, May 24.

• BetMGM Bonus Code TANGET2 ($1,000 No Sweat Tokens): Claim a daily No Sweat Token, up to $100, for 10 consecutive days. If your daily No Sweat Token loses, BetMGM refunds you in bonus bets, up to $100.
  • BetMGM States Available: AZ, CO, DC, IA, IL, IN, LA, KS, KY, MD, MO, NC, OH, TN, VA, WY

• BetMGM Bonus Code ACTIONGET ($150 Bet-and-Get Promo): Make a $10 first bet on the Indy 500, and get $150 in bonus bets if you win.
  • BetMGM States Available: MI, NJ, PA, WV

• BetMGM Bonus Code ACTION1550 ($1,550 in Bonuses): Score a $1,500 First Bet Offer along with 50 BetMGM Reward Points.
  • BetMGM States Available: AZ, CO, DC, IA, IL, IN, LA, KS, KY, MA, MD, MI, MO, NC, NJ, OH, PA, TN, VA, WV, WY

• BetMGM Bonus Code TOPACTION ($1,500 First Bet Offer): Bet on any Indy 500 market today. If your bet doesn't win, BetMGM reimburses you in bonus bets, up to $1,500.
  • BetMGM States Available: AZ, CO, DC, IA, IL, IN, LA, KS, KY, MA, MD, MI, NC, NJ, OH, PA, TN, VA, WV, WY

3. DraftKings Sportsbook

Sign up today using the DraftKings promo code and secure one of the top Indy 500 betting promos.

• DraftKings Promo Code ($100 Bet-and-Get Promo): Make a $5 first bet and get $100 instantly in bonus bets.
  • DraftKings States Available: AR, AZ, CO, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY

4. FanDuel Sportsbook

Check out one of the best Indy 500 betting promos and unlock a sign-up bonus offer with the FanDuel promo code.

• FanDuel Promo Code ($150 Bet-and-Get Promo): Wager $5 on the Indy 500. Win that bet, and you earn a payout plus $150 in bonus bets.
  • FanDuel States Available: AZ, AR, CO, CT, DC, IL, IA, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY

5. bet365

Click the link below to access one of the top Indy 500 betting promos with the bet365 bonus code.

• bet365 Bonus Code TOPACTION ($200 Bet-and-Get Promo): Make a $10 first bet on any market with -500 odds or longer. No matter your first bet outcome, you get $200 in bonus bets.
  • bet365 States Available: AZ, CO, IA, IL, IN, KS, KY, LA, MD, MO, NC, NJ, OH, PA, TN, VA

• bet365 Bonus Code TOPACTION ($1,000 First Bet Safety Net): Wager on the Indy 500 today. If your first bet loses, you get your stake back in bonus bets, up to $1,000.
  • bet365 States Available: AZ, CO, IA, IL, IN, KS, KY, LA, NC, OH, TN, VA

• bet365 MI Bonus Code TOPACTION ($200 Bet-and-Get Promo + 50 Casino Spins): In Michigan, you must bet $10 to claim $200 in bonus bets plus 50 spins for bet365 Casino.
  • bet365 States Available: Michigan

• bet365 Bonus Code TOPACTION ($200 Bet-and-Get Promo + 50 Casino Spins): New Jersey and Pennsylvania users get the same $200 bonus as other states, plus 50 casino spins.
  • bet365 States Available: New Jersey & Pennsylvania

• bet365 IL Bonus Code TOPACTION ($150 Bet-and-Get Promo): Make a $10 first bet to unlock $150 in bonus bets in Illinois.
  • bet365 States Available: Illinois

6. Hard Rock Bet

With the Hard Rock Bet promo code, you get one of the best Indy 500 betting promos, exclusive to Michigan and New Jersey.

• Hard Rock Bet Promo Code ($150 Bet-and-Get Promo): Make a $5 first bet on Indy 500 odds, and get $150 in bonus bets if you win.
  • Hard Rock Bet States Available: Michigan & New Jersey

7. Caesars Sportsbook

Sign up today using the Caesars Sportsbook promo code ACTION4DYW and claim one of the best Indy 500 betting promos on Sunday, May 24.

• Caesars Sportsbook Promo Code ACTION4DYW (10 100% Profit Boost Tokens): Make a $1+ bet to instantly unlock 10 100% Profit Boost Tokens, allowing you to earn double the profit of a standard wager.
  • Caesars Sportsbook States Available: AZ, CO, DC, IA, IL, IN, KS, KY, LA, MA, MO, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, WV, WY

8. theScore Bet

Use theScore Bet promo code ACTNEWS and unlock one of the top Indy 500 betting promos for the Greatest Spectacle in Racing.

• theScore Bet Promo Code ACTNEWS ($1,000 First Bet Reset): Bet on your Indy 500 picks today. If you lose, theScore Bet refunds you in bonus bets, up to $1,000.
  • theScore Bet States Available: AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, MO, NC, OH, TN, VA

• theScore Bet Promo Code ACTNEWS ($100 Bet-and-Get Promo): Make a $10 bet on the Indy 500, and get $100 in bonus bets if you win.
  • theScore Bet States Available: MI, NJ, PA, WV

How to Make Picks on Indy 500 Without Sportsbook Promos

While you cannot access these sportsbook promos in every state, there are other options for making picks on the Indy 500. You can use Underdog, Kalshi, and Polymarket to make IndyCar picks today.

1. Underdog (DFS)

The Underdog promo code TOPACTION provides a welcome bonus for making DFS picks on the Indy 500.

• Underdog Promo Code TOPACTION ($50 Fantasy Bonus Entries): Place a $5 lineup using DFS picks, and get $50 in fantasy bonus entries, win or lose.
  • Underdog States Available: AL, AK, AR, CA, DC, FL, GA, IL, IN, KS, ME, MS, MN, NE, NM, NC, ND, OK, OR, RI, SC, SD, TX, VT, VA, UT, WI, WY

2. Kalshi

With the Kalshi promo code ACTION, you get a sign-up offer for the Greatest Spectacle in Racing.

• Kalshi Promo Code ACTION ($10 Bonus): Make $10 in trades on the Indy 500 to access a $10 bonus.
  • Kalshi States Available: AL, AK, AR, CA, CO, CT, DE, FL, GA, HI, ID, IN, IA, KS, KY, LA, ME, MN, MS, MO, NE, NH, NM, NJ, NY, NC, ND, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, DC

3. Polymarket

Register now with the Polymarket promo code ACTION and unlock a welcome offer ahead of the Indy 500.

• Polymarket Promo Code ACTION ($50 Bonus): Make a $20 deposit to access a $50 trading bonus on Sunday, May 24.
  • Polymarket States Available: AL, AK, AR, CA, CO, CT, DE, FL, GA, HI, ID, IN, IA, KS, KY, LA, ME, MN, MS, MO, NE, NH, NM, NJ, NY, NC, ND, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, DC