Indianapolis 500 2025 Odds and Race Favorites

Indianapolis Motor Speedway, the site of the 2025 Indianapolis 500

Over the first 108 editions of the Indianapolis 500, there have been many historic and memorable moments. But for all of the history and the legends that have graced the race, no one has won the race three consecutive times. Will we see Josef Newgarden make history in the 2025 Indy 500? The elements are not in his favor, even if race odds are far more favorable.

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Can Newgarden Secure Historic Three-Peat Despite Penske Penalties?

This would be because Newgarden and Team Penske teammate Will Power will start at the back of the grid as part of penalties for technical violations discovered during qualifying for the race.

In addition to Newgarden and Power being bumped to 32^nd and 33^rd in the field and the additional penalties meted out to the team, there has been a major organizational shakeup at Team Penske, casting a cloud over Newgarden’s quest to become the first driver to three-peat in the “Greatest Spectacle in Racing.”

Still, even though he will start in row 11, Newgarden is still considered one of the race favorites, along with Arrow McLaren’s Pato O’Ward, a two-time runner-up in 2022 and 2024, and three-time IndyCar Series champion Alex Palou, who is off to a dominant start this season with four wins in the first five races.

Where does NASCAR Cup Series points leader Kyle Larson sit as he makes a second attempt to become the first driver to do Indianapolis 500 and Coca-Cola 600 Double Duty since Kurt Busch in 2014?

Last year’s attempt was washed away by inclement weather in both Indianapolis and Charlotte (and ultimately directly impacted his NASCAR Cup Series championship aspirations). He will start 19^th in Indianapolis and crashed twice in the lead-up to the race, but oddsmakers at top online sportsbooks have him ahead of former winners Power, Marcus Ericsson, Alexander Rossi, and Helio Castroneves, who are four of the eight former winners in this year’s Indy 500 field.

Odds to Win the 2025 Indianapolis 500

Odds are as of Sunday, May 25, 2025.

Driver	BetOnline	Bovada	Everygame
Pato O’Ward	+450	+500	+500
Alex Palou	+450	+550	+550
Josef Newgarden	+800	+750	+800
Scott Dixon	+800	+750	+800
Scott McLaughlin	+900	+1000	+1000
Robert Shwartzman	+900	+1400	+1000
Felix Rosenqvist	+1200	+1600	+1400
Takuma Sato	+1200	+1100	+900
Kyle Larson	+1600	+1400	+1600
Alexander Rossi	+1800	+2000	+2000
David Malukas	+1800	+2800	+2000
Marcus Ericsson	+2000	+2800	+1800
Christian Lundgaard	+2400	+2800	+2000
Will Power	+2500	+2800	+2500
Colton Herta	+2500	+3300	+2500
Santino Ferrucci	+2500	+3300	+2800
Conor Daly	+2500	+4000	+3300
Helio Castroneves	+2800	+3300	+2800
Kyle Kirkwood	+2800	+3300	+2800
Ed Carpenter	+6000	+6600	+6000

2025 Indianapolis 500 Information

When is the 2025 Indianapolis 500 taking place?

The 2025 Indy 500 will be held on Sunday, May 25, 2025. Traditionally, the race is held each year on the Sunday of Memorial Day weekend in the United States. Weather permitting, the green flag is scheduled to drop at 12:45 pm ET.

How many laps is the Indianapolis 500?

The Indianapolis 500 is a 200-lap race and will cover 500 total miles on the 2.5-mile Indianapolis Motor Speedway oval track.

Who is on pole for the 2025 Indianapolis 500?

IndyCar Series rookie Robert Shwartzman is the polesitter for this year’s Indy 500. The 25-year-old from Prema Racing is the third rookie polesitter in Indy 500 history, following Walt Faulkner in 1950 and Teo Fabi in 1983.

How can I watch the 2025 Indianapolis 500?

Viewers in the United States can watch the 2025 Indianapolis 500 on FOX (and associated streaming services), following the end of a six-year run for the race on NBC.