Indy 500 Odds: Scott McLaughlin, Josef Newgarden New Favorites After Qualifying

Indy 500 Odds: Scott McLaughlin, Josef Newgarden New Favorites After Qualifying article feature image

Photo by Jeffrey Brown/Icon Sportswire via Getty Images. Pictured: IndyCar driver Scott McLaughlin at Indianapolis Motor Speedway

The starting grid for the 2024 Indy 500 is officially set with Team Penske drivers Scott McLaughlin, Will Power and Josef Newgarden locking out the entire front row.

Indy 500 odds have adjusted to reflect qualifying results as pole-sitter McLaughlin is now the +450 favorite, followed by Newgarden (+550), Kyle Larson (+650) and Power (+650).

The track will be quiet until Friday's Carb Day, which will give teams and drivers a final two-hour practice session to dial in their cars for The 108th Running of the Indianapolis 500 on Sunday (12:30 p.m. ET, NBC).

So, let's rerack the latest Indy 500 odds from DraftKings, including how driver outrights have adjusted since May 13.

Indy 500 Odds

*Odds as of Monday, May 20

DriverMay 13May 20
Scott McLaughlin+1200+450
Josef Newgarden+900+550
Will Power+1200+650
Kyle Larson+650+650
Alexander Rossi+1600+1000
Alex Palou+400+1000
Pato O'Ward+700+1100
Rinus Veekay+2200+1600
Santino Ferrucci+2000+1800
Colton Herta+2000+1800
Scott Dixon+1000+1800
Felix Rosenqvist+1800+2000
Kyle Kirkwood+2000+2200
Takuma Sato+3000+3000
Ryan Hunter-Reay+7000+3000
Helio Castroneves+4000+4000
Callum Ilott+4000+5000
Marcus Armstrong+5000+5000
Ed Carpenter+5000+5000
Marco Andretti+6000+6000
Christian Rasmussen+20000+6000
Kyffin Simpson+20000+7000
Linus Lundqvist+2500+7000
Christian Lundgaard+4000+7000
Marcus Ericsson+1500+7000
Conor Daly+3500+8000
Graham Rahal+4000+8000
Agustin Canapino+20000+10000
Romain Grosjean+6000+10000
Sting Ray Robb+20000+20000
Tom Blomqvist+15000+20000
Pietro Fittipaldi+10000+25000
Katherine Legge+30000+50000

Notable Indy 500 Odds Movement

The first name that jumps out is McLaughlin, who has improved from +1200 to +450 after securing the pole for the 2024 Indy 500.

Other notable movers on the positive side are:

  • 2014 Indy 500 winner Ryan Hunter-Reay (+7000 to +3000)
  • Christian Rasmussen (+20000 to +6000)
  • Kyffin Simpson (+20000 to +6000)

On the other hand, poor qualifying runs have had significant negative impacts on a handful of drivers, including:

  • 2022 Indy 500 winner Marcus Ericsson (+1500 to +7000)
  • Conor Daly (+3500 to +8000)
  • Linus Lundqvist (+2500 to +7000)

And for those wondering, NASCAR Cup Series driver Larson remains at +650 to win the Indy 500 after locking in a fifth-place starting position for Sunday's race.

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