There is nothing like the Indy 500, which begins on Sunday at 12:45 p.m. ET from Indianapolis Motor Speedway. The 110th edition of the race is headlined by defending champion Alex Palou, who is on the pole this year. He is the +250 favorite, according to the latest 2026 Indy 500 betting odds, as he tries to become the fourth repeat champion in history. Palou will have to get past other Indy 500 contenders like Pato O'Ward (+600), Conor Daly (+700) and David Malukas (+800). Bet the Indy 500 at DraftKings here and claim $100 in bonus bets instantly with a $5 wager:
If you're wondering how and where to bet on the 2026 Indy 500, you can use this motor sports betting guide. Here are some of the top sportsbook promos at betting sites, as well as the best betting apps that are available for the Indianapolis 500. You can also read the instructions on how to claim each offer and where to bet on the Indy 500 below.
How to place a bet on the Indy 500
- Review the sign-up bonuses at the top online sportsbooks
- Deposit funds and use the relevant promo code
- Review the latest odds and find your top picks
- Add wagers to your bet slip and submit them
FanDuel Sportsbook: Bet $5, get $150 in bonus bets if your first bet wins
The FanDuel promo code offer doesn't require a code, but new users must meet the legal age requirement in a state where FanDuel operates. Here's how to sign up for one of the top betting sites.
How does the FanDuel promo code work?
- Click "Claim Bonus" on this page, or simply click here.
- Create an account by providing the requested information, including your email, name, and payment details
- Deposit at least $5 and place a bet of $5 or more.
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 Bonus bets can't be cashed out or withdrawn, and if you submit a bet using bonus funds, you'll get the winnings but not the original stake.
DraftKings Sportsbook: Bet $5, get $100 in bonus bets instantly
No code is required for the DraftKings promo code, but users have to be of legal age in a state where DraftKings legitimately operates. You must also be a new user at the sportsbook to qualify.
How does the DraftKings promo code work?
- Select "Claim Bonus" on this page, or click here.
- Create a DraftKings Sportsbook account by entering all required information.
- Agree to DraftKings' terms and conditions.
- Make a deposit of $5 or more
- Place a first bet of at least $5 with odds of -500 or shorter and collect your $100 in bonus bets.
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.
Get started at DraftKings here:
Fanatics Sportsbook: Get up to $1,000 in FanCash
The latest Fanatics Sportsbook promo code CBSFAN allows new users to earn 10 bet matches up to $100 each over 10 days. Users receive 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?
- Download the Fanatics Sportsbook mobile app
- Register an account, filling out information such as email, birth date and the last four digits of your social security number
- When prompted, use promo code CBSFAN
- Enable geolocation services on your phone
- Agree to the terms and conditions
- Deposit $10+ and claim the eligible promotion
- Place a wager of up to $100, and receive your stake back in FanCash if it loses
- Repeat for 10 days for a maximum of $1,000 in FanCash
Get started at Fanatics Sportsbook here:
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?
- Those interested can click the CLAIM BONUS button on this page to navigate to BetMGM Sportsbook or click here
- After downloading the app, click the SIGN UP button.
- Create a BetMGM Sportsbook account. Use promo code CBSSPORTS during sign-up.
- Allow BetMGM Sportsbook to use your location.
- Users must deposit at least $10.
- If the first qualifying bet wins, you get paid in cash. If it loses, you will get the amount you wagered in bonus bets, up to $1,500.
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.
How does the Caesars Sportsbook promo code work?
- Click "Claim Bonus" on this page to begin the signup process or click here.
- When prompted, enter the promo code "CBSDYW".
- Register for a new Caesars Sportsbook account.
- Make a first deposit of $10 or more.
- Place your first bet of at least $1 and get 10 100% profit boosts.
bet365 Sportsbook: Bet $10, get $200 instantly
The bet365 bonus code offers new users $200 in bonus bets with a $10+ bet, whether the bet wins or loses.
How does the bet365 bonus code work?
- Click "CLAIM BONUS" on this page or click here.
- Sign up for a bet365 account.
- Make a first deposit of $10+.
- Place a first wager of at least $10.
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 note that 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.
Indy 500 betting preview
Palou is the obvious name atop the Indy 500 odds board for multiple reasons. He is the defending champion starting from the pole position, which has produced 21 winners in the previous 109 editions of the race. Additionally, Palou has won the last three IndyCar Series championships and 11 of the last 23 IndyCar races.
However, winning the Indy 500 is one of the most difficult propositions in the sport, as it has only been done in back-to-back years three times. Palou is the +250 favorite, followed by O'Ward (+600), Daly (+700) and Malukas (+800). Daly is an Indianapolis-area native, while Malukas sits third in the standings and will start the race in the front row.
Four-time winner Helio Castroneves is a 25-1 longshot as he tries to become the first five-time race winner. Meanwhile, Katherine Legge (300-1) has the longest odds in the field as she attempts 'The Double' on Sunday. She will race in the Indy 500 before heading to Charlotte for NASCAR's Coca-Cola 600 on Sunday night. Bet on the Indy 500 at DraftKings Sportsbook, where you can get $100 in bonus bets instantly after a $5 wager:
Responsible gaming
Responsible gaming is a serious topic, and all sportsbooks take steps to ensure users play responsibly. The top sportsbooks feature tools and resources available on their apps and websites, including wager limits, voluntary self-exclusion options, and more. If you or someone you know is dealing with a gambling problem, please seek assistance from trained professionals such as the Problem Gambling Help Network at 1-800-MY-RESET.
