What Are the Payout Odds to Win the 2026 Indy 500? Alex Palou, Pato O'Ward, David Malukas

• Alex Palou is the odds on favorite to win this year's Indy 500 promising a payout of $250 for every $100 bet 

• Pato O'Ward and David Malukas had the second shortest odds, respectively, with payouts between $600 and $650

Álex Palou Montalbo is a Spanish racing driver who drives for Chip Ganassi Racing in the IndyCar Series, where he won the 2021, 2023, 2024, and 2025 championships and the 2025 Indianapolis 500. He is the first Spanish racing driver to win a national championship in American open-wheel racing history and also the first Spaniard to win in the Indianapolis 500 and the GP3 Series. 

He is favored to win Sunday's Indy 500 race with a potential payout of $250 for every $100 bet. 

Pato O'Ward pays $600 on a $100 bet while David Malukas would pay out $650. 

O'Ward is a Mexican auto racing driver who competes full-time in the IndyCar Series, driving the No. 5 Chevrolet for Arrow McLaren. He is signed to the McLaren Driver Development Programme and is currently the reserve driver for their Formula One team. He is the 2018 Indy Lights champion.

Malukas is an American racing driver who competes in the IndyCar Series driving the No. 12 Chevrolet for Team Penske. He previously drove for A.J. Foyt Racing in 2025, Meyer Shank Racing in 2024, and Dale Coyne Racing in 2022 and 2023.

2026 Indy 500 Payout Odds to Win

Alex Palou
+250
Pato O'Ward
+600
David Malukas
+650
Conor Daly
+750
Josef Newgarden
+750
Alexander Rossi
+1000
Santino Ferrucci
+1200
Scott McLaughlin
+1200
Felix Rosenqvist
+1500
Scott Dixon
+1700
Takuma Sato
+2200
Helio Castroneves
+2200
Kyle Kirkwood
+3000
Christian Rasmussen
+3000
Will Power
+4000
Marcus Ericsson
+5000
Christian Lundgaard
+6000
Ed Carpenter
+6000
Ryan Hunter-Reay
+6000
Caio Collet
+6000
Rinus Veekay
+6000
Marcus Armstrong
+6000
Kyffin Simpson
+6000
Graham Rahal
+8000
Romain Grosjean
+10000
Nolan Siegel
+10000
Dennis Hauger
+10000
Louis Foster
+12500
Mick Schumacher
+17500
Jack Harvey
+17500
Sting Ray Robb
+25000
Jacob Abel
+30000
Katherine Legge
+30000

• Don Shapiro, Gambling911.com