The Indianapolis 500, or more simply the Indy 500, is always one of the top sports betting events of the summer in the United States. The event takes place every Memorial Day weekend at the Indianapolis Motor Speedway in Speedway, Indiana, and this year is no different. 

A stacked car field powered by some of the top IndyCar drivers in the world should be a whole lot of fun to watch – and to make it even more exciting, you can bet on the race at all the top sportsbooks and grab some great deals at the same time.

We have compiled a list of the best Indy 500 betting promos for you from the best sports betting apps in the United States. Take a look at all of the best Indy 500 betting promos below:

Top Indy 500 Betting Promos & Sportsbook Bonuses

Let's take a look at our favorite Indy 500 betting bonuses to get today, currently available at the top sportsbooks and betting apps:

Indy 500 Best Bets And Predictions

For this Sunday’s Indy 500 race, here are the top 10 drivers to win according to DraftKings Sportsbook:

• Scott McLaughlin +400
• Josef Newgarden +550
• Will Power +650
• Kyle Larson +700
• Alexander Rossi +1000
• Pato O'Ward +1100
• Alex Palou +1200
• Colton Herta +1500
• Scott Dixon +1800

Santino Ferrucci +1800Several drivers have a realistic shot to win the Indy 500 this year, but we have to go with Scott McLaughlin +400 as our best bet to win the race this weekend. He finished first in qualifying, meaning he will begin the race in pole position, which gives him an advantage in the race. Now, just because McLaughlin is the pole sitter doesn’t mean he will automatically win the race. But given the edge he has in what is otherwise a wide-open race, we like his odds to win the race.

In terms of other long-shots, take a look at some of the former winners in Josef Newgarden +550 (2023 winner), Will Power +650 (2018 winner), and Scott Dixon +1800 (2008 winner). Given they are all former race winners, they have the knowledge and experience of how to win this big race, and they are all available at big odds. With a race like the Indy 500, we recommend sprinkling smaller wagers on several drivers, as it is difficult to predict a winner in such a big field. Still, if we have to make a pick, we like McLaughlin at +400 to pull off the victory Sunday.

BetMGM Sportsbook Indy 500 Betting Promo

BetMGM Sportsbook has a great offer, new customers who sign up and bet at least $10 get a first-bet offer for up to $1,500. . Here’s how to claim the BetMGM bonus code:

1. Sign up for BetMGM Sportsbook via their sports betting app or website and use the bonus code BOOKIES when doing so
2. Make your first deposit of at least $10
3. Get a first-bet offer for up to $1,500

This means you can bet on anything you want at BetMGM Sportsbook, and if your first bet loses, you’ll get back up to $1,500 in site credits in the form of bonus bets. If there’s someone you like to win the Indianapolis 500, then bet on the race using the BetMGM bonus code. Just like Caesars, the value of your bonus bets will match the value of your losing wager (up to $1,500).

Up to $1,500 in Bonus Bets if Your First Bet Loses Promo Code: BOOKIES

Tap for Promo Activated! Visit site

Used 43 Times Today

Bonus Bets Expire in 7 Days. One New Customer Offer Only. Must be 21+ to participate & present in OH. In partnership with MGM Northfield Park. Gambling problem? Call 1-800-GAMBLER. Visit BetMGM.com for T&Cs. US promotional offers not available in NY, NV, or Puerto Rico.

Caesars Sportsbook Indy 500 Betting Promo

Caesars Sportsbook gives new customers back up to $1,000 in the form of bonus bets if your first wager loses.. Here’s how to get the Caesars promo code:

1. Sign up for Caesars Sportsbook via their sports betting app or website using the promo code BOOKIESGET
2. Make your first deposit of at least $10
3. Make your first wager
4. Get up to $1,000 in bonus bets!

In other words, you can bet on anything you want at Caesars Sportsbook, and if your first bet loses, you’ll get back a bonus bet token for up to $1,000. This is a great way to bet on the Indy 500 as you can bet on any driver you think will win the race, and if they don't, you’ll get a free bet matching the value of your initial wager (up to $1,000).

$1,000 First Bet on Caesars Promo Code: BOOKIES1000

Tap for Promo Activated! Visit site

Used 65 Times Today

Must be 21+ to participate. T&Cs apply.

DraftKings Sportsbook Indy 500 Betting Promo

As well, DraftKings Sportsbook has a welcome offer for new customers, with a Bet $5, Get $200 in Bonus Bets. Here’s how to get the DraftKings promo code to unlock the offer:

1. Sign up for DraftKings Sportsbook via their sports betting app or website
2. Make your first deposit of at least $5
3. Make your first bet of at least $5 and get $200 in bonus bets

DraftKings Sportsbook is also taking bets on the Indianapolis 500 this weekend. At DraftKings Sportsbook, you can bet on the winner and also on any of the drivers to finish in the top three or top five. On top of that, there are also several prop bets available for the big race, which makes DraftKings Sportsbook a great way to bet on Sunday’s big event.

Bet $5, Get $150 Instantly

Tap for Promo Activated! Visit site

Used 53 Times Today

21+ and present in most states. (18+ DC/KY/NH/WY). Void in IA/KS/KY/LA/MD/MI/NJ/NY/TN/VA/VT/ONT. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). 1 per new customer. Min. $5 deposit. Min. $5 bet. Max. $150 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: dkng.co/bball. Ends 1/5/25 at 11:59 PM ET. Sponsored by DraftKings. GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD).

FanDuel Sportsbook Indy 500 Betting Promo

FanDuel Sportsbook also offers a great bonues, Bet $5, Get $200 in Bonus Bets if your wager wins. Here’s how to claim the FanDuel promo code:

1. Sign up for FanDuel Sportsbook via their sports betting app or website
2. Make your first deposit of at least $5
3. Make your first bet; if it wins you'll get $200 in bonus bets

You can use this promo code for this weekend’s Indy 500 race, where you can bet on the race winner, as well as the final finishing position for all of the drivers.

Bet $5, Get $150 in Bonus Bets if Your Bet Wins + 3 Free Months of NBA League Pass

Tap for Promo Activated! Visit site

Used 51 Times Today

Must be 21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER.

Fanatics Promo Code For Indy 500

With the Fanatics promo code, new customers can get back up to $1,000 in bonus bets. Make your first deposit for at least $5 to take advantage, and then place your first bet each day for 10 days after signing up and get back up to $100 each day if your first bet loses. That means you can get back up to $1,000 in the form of bonus bets over your first 10 days after signing up, which is an incredible welcome offer!

ESPN BET Promo Code BOOKIES For Indy 500

The ESPN BET promo code BOOKIES gives new users the chance to bet $10 on anything and get $150 in bonus bets. Just sign up for a new ESPN BET account, deposit $10, and then bet $10 on anything. You will get $150 in bonus bets. The bonus bets come in the form of five $20 bonus bets, plus one more $50 bonus bet, and you get one week to use them.

In addition, new users can get a 200% first-deposit match bonus for up to $500 paid in eligible cashback, where you will unlock withdrawable cash for every wager you make at ESPN BET.

bet365 Promo Code BOOKIES For Indy 500

The bet365 promo code BOOKIES gives new customers a dual offer: either bet $5 and get $150 in bonus bets, or first-bet safety net for up to $1,000. Just sign up for a new bet365 account, deposit at least $10, and then place your first bet on any sport. For the bet $5 to win $150 offer, you'll get your $150 in bonus bets win or lose as soon as your first bet settles. The first-bet safety net offer for up to $1,000 is contingent on if your first bet loses. If it loses, you will get back up to $1,000 in the form of bonus bets, which have no expiration as long as you have account activity within 90 days.

If you are planning on betting on the Indy 500 this year, then take advantage of this fantastic welcome offer from bet365!