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Josef Newgarden, driver of the #2 Shell Powering Progress Team Penske, celebrates in Victory Circle after winning the 108th Running of the Indianapolis 500 as we look at our Indy 500 odds.
Josef Newgarden, driver of the #2 Shell Powering Progress Team Penske, celebrates in Victory Circle after winning the 108th Running of the Indianapolis 500. Photo by Justin Casterline/Getty Images/AFP.

Josef Newgarden is the latest Indy 500 champion after entering the race among the favorites at our best sports betting sites.

It was another white-knuckle ride for Josef Newgarden in the Indy 500, and another victory.

Newgarden dueled with many throughout an exhilarating race, but his most notable battle came against Pato O'Ward over the final laps. The Mexican passed Newgarden and seemed to be well-positioned to finally get his Indy 500 win when he raced ahead for the lead on the final lap. But then the defending champion zipped past O'Ward again two turns later.

Newgarden joins a select group while becoming just the sixth driver to win the Indy 500 in consecutive years. He's also the first to accomplish the feat since Helio Castroneves way back in 2001-02.

The Penske driver entered as the second-favorite by the odds at our best sportsbooks, and only narrowly behind Scott McLaughlin. Here's a look at the final odds for the 2024 race, along with some history of the event and betting guidance (odds via our best sports betting apps).

Indy 500 odds 2024

Indy 500 odds last updated May 26, 2024

Scott McLaughlin+500+500 +550+550+500
Josef Newgarden+550+550 +525+500+500
Will Power+700+750+800+850 πŸ”₯+700
Kyle Larson+750πŸ”₯+550 β„️+700+700+700
Alexander Rossi+1000+900+1000+750 β„️+1000
Colton Herta+1000+800  ❄️+1000+1000+1200 πŸ”₯
Pato O’Ward+1100 +1000+1100+800+800 
Alex Palou+1200+1500 πŸ”₯+1300+1200+1200
Scott Dixon+1400 +1000+700 β„️+1500+1400
Helio Castroneves+1600 β„️+1800+3000+2500+4000 πŸ”₯

How to bet on the Indy 500

Once you've chosen your favorite of our best live betting sites, navigate to the motorsport or auto racing section. Look for the Indy 500 specifically, which is usually prominently featured ahead of race day due to its popularity. You'll find various betting options available, including outright winner, podium finish, head-to-head matchups, and more.

Review the odds for each driver and consider factors such as past performance, track record, and current form. This information can help inform your betting decisions. Once you've selected your bet, enter the stake amount (the amount of money you want to wager) and confirm your bet.

It's essential to remember that betting on the Indy 500 or any other sports event involves risk. Set a budget for yourself and gamble responsibly. Stay updated on the race, as factors like weather conditions and driver changes can impact the outcome. Enjoy the thrill of the race and may your bet be a winning one!

Past Indy 500 winners

Josef Newgarden2024
Josef Newgarden2023
Marcus Ericsson2022
Helio Castroneves2021
Takuma Sato2020
Simon Pagenaud2019
Will Power2018
Takuma Sato2017
Alexander Rossi2016
Juan Pablo Montoya2015
Ryan Hunter-Reay2014

Motorsports betting odds pages

Indy 500 FAQs

When is the 2025 Indy 500?

The 2025 Indy 500 will take place on May 25.

Where is the Indy 500?

The race is held annually at the Indianapolis Motor Speedway in Speedway, Ind.

Who won the 2024 Indy 500?

Josef Newgarden won the 2024 running of the Indy 500 after overtaking Pato O'Ward on the final lap, becoming the fourth driver in the history of the race to win on a last-lap pass. Newgarden also took the Indy 500 for the second straight year. He's the sixth driver to earn back-to-back victories, and the first since Helio Castroneves in 2001-02.

Why does the Indy 500 winner drink milk?

The tradition started when Louis Meyer requested a glass of buttermilk after winning his second Indy 500 race in 1933. He did so again following his third win in 1936, and he was photographed swigging from the bottle of milk while holding up three fingers to signify the third triumph.

A local dairy company - unaware Meyer was drinking buttermilk - offered a bottle of milk to the winners of future races. Milk has been presented each year since then, apart from 1947 to 1955. 

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