Caesars Becomes Official Sportsbook Partner Of The Indy 500

Posted on May 14, 2022

Caesars is now the official sports betting partner of the Indy 500. The Greatest Spectacle in Racing isn’t until May 29, but this deal gets the company’s foot in the door for wagering on the big race.

The Indy 500 is one of the biggest Indiana sports betting events of the year. That has Caesars looking to cover the bases in advance.

Indy 500 partners with Caesars

All of Indiana’s online sportsbooks will be taking action on the Indy 500. However, the partnership between Caesars and the Motor Speedway will give the company some options that you won’t be able to find anywhere else.

For starters, Caesars is offering a special new deal to celebrate the 106th Indy 500.

New users that sign up for Caesars Sportsbook will receive $106 in bonus bets. All you have to do is make your first deposit of at least $20 in order to qualify.

Signing up for the Caesars app will also gain you access to the Caesars Sportsbook Lounge at Pagoda Plaza.

The lounge is a Caesars-branded area that plans to welcome guests with free food, drinks and entertainment during race days this month. That includes the GMR Grand Prix on May 14.

Eric Hession, co-president of Caesars Digital, says that snagging a partnership with the Motor Speedway was the perfect opportunity for the company.

“The Indianapolis Motor Speedway and the Indy 500 are iconic sports traditions in the Hoosier State. Partnering with such a historic speedway and its marquee events provides our customers with unique experiences through Caesars Rewards. This will be an impactful partnership for us that builds upon our commitment to the state of Indiana alongside the investments into our resorts and the communities they serve.”

2022 Indianapolis 500 odds

We’re still a few weeks away from the big race, but you can already bet on the 2022 Indy 500.

Caesars currently has betting odds up for the event. Here’s a look at a few of the early favorites that are already available for wagering:

  • Josef Newgarden: +700
  • Scott Dixon: +700
  • Colton Herta: +800
  • Pato O’Ward: +850
  • Will Power: +1,200

Newgarden and Dixon might be the opening favorites for the Indy 500, but the overall field isn’t even finalized yet. Qualifying doesn’t start for the race until May 21.

In other words, unless you have your heart set on a specific racer, it might be worth waiting to see which drivers actually make the cut before you place your bets.

Photo by Shutterstock
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Jake Garza

Jake Garza is a US Gambling Industry Analyst for Catena Media. He specializes in Midwest sports betting and casino content. Prior to covering the legal gambling industry, he spent time as a professional sports writer, reporting on teams such as the Cincinnati Bengals, Indianapolis Colts and Indiana Pacers. Garza is currently working as a Managing Editor for PlayIndiana and PlayOhio, with previous stops at other well-known brands such as PlayIllinois and PlayMichigan. He has been covering the gambling industry since 2019, and currently works with a team of other journalists to provide comprehensive coverage of the legal U.S. gambling industry.

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