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Best Kentucky Derby Betting Sites & Promos: Where to Bet on the Kentucky Derby in May 2025

Joshua Howe - Covers
Written by: Joshua Howe, Sports Betting Editor Fact checked by: Brandon DuBreuil, Head of Content
Last Updated May 03, 2025, 7:58 AM ET
Fact Checked
Brandon DuBreuil has ensured that facts presented were obtained from reliable sources and are accurate.

The best Kentucky Derby betting sites is FanDuel Racing, which is offering unique promos and sharp odds for today's 151st "Run for the Roses,". 

Noted as the most exciting two minutes in sports, the Kentucky Derby is the initial stage of the Triple Crown. Saddle up for the year's most anticipated event by reading our detailed guide about the top horse racing betting sites you can access today. 

Read more Show less
    Table of contents
    • Best Kentucky Derby betting sites
    • FanDuel Racing
    • How to bet on the Kentucky Derby
    • Where to bet on the Kentucky Derby in Canada
    • Kentucky Derby odds 2025
    • Popular Kentucky Derby bet types
    • How we rate Kentucky Derby betting sites
    • Legal Kentucky Derby betting states
    • Blacklisted Kentucky Derby betting sites
    • Best betting sites by sport
    • Kentucky Derby betting sites FAQ
    • Pages related to this topic

    Best Kentucky Derby betting sites

    To maximize the value of your Kentucky Derby bets, claim the top sportsbook promos from leading operators:

    🏆 Kentucky Derby betting sites

    💰 Welcome bonus 

    ✅ Promo code 

    ⭐ FanDuel Racing $500 No Sweat First Bet

    Claim $500 without code

    ⭐ FanDuel Sportsbook Bet $5, Win $200

    Claim $200 without code

    Where to bet on the Kentucky Derby in Ontario

    Sports bettors in Canada's most populous province can wager on horse racing online with bet365. Two Woodbine-owned websites also allow Ontarians to scratch that horse racing betting itch for the Churchill Downs race.

    HPIbet and Dark Horse Bets are other approved online Kentucky Derby betting destinations in 2025, but both websites offer inferior wagering experiences.

    bet365 Logo

    Sign up with bet365

    bet365 horse racing pari-mutuel betting in association with Woodbine Entertainment Group.

    FanDuel Racing - Best for Kentucky Derby odds

     FanDuel Racing Logo 

    $500 No Sweat First Bet

    No code required

    Claim $500
    My expert analysis

    I know this might be bold, but I truly believe that FanDuel Racing is the only option for Kentucky Derby betting in 2025. Not only can you score sharp odds on every race for the day, which you can track easily thanks to its slick 'Scheduled Races' section on the side, but you can also register now and claim its generous welcome offer ahead of the 151st Kentucky Derby — a '$500 No Sweat Bet'. The ability to receive such a large safety net for the year's marquee horse racing event is too good to pass up, in my opinion. 


    Where FanDuel Racing wins and fails

    Covers hit icon No FanDuel Racing promo code is required to unlock a '$500 No Sweat Bet' welcome offer, which rewards a bonus equal to your qualifying Kentucky Derby wager if it loses. 

    Covers hit icon Live streaming is available on-site via FanDuelTV.

    Covers hit icon Score several additional exclusive bonuses for the 2025 Kentucky Derby, such as a 'Race of the Day' bonus and a 'Money Back Special' for second or third place finishers on select races. 

    Covers miss icon You must wager $500 to maximize the FanDuel Kentucky Derby bonus. 

    FanDuel screenshots

    Blue thumbs up iconTop user review

    "Truthfully I enjoy FanDuel Racing. The live streams seem more clear and faster, the UI is much more clean then other apps I have used, and overall I just enjoy it a lot more. I am switching over from TVG, and I just seem to enjoy it more."

    - Reddit user


    FanDuel Racing at a glance

    Sign-up bonus $500 No Sweat First Bet
    Payout speed Within 24 hours
    App availability Apple icon Google Play Store icon
    Legal states AR, AZ, CA, CO, DE, FL, ID, IL, IN, KY, LA, MA, MD, MI, MN, MT, ND, NH, NM, NY, OH, OR, PA, RI, SD, VA, WA, WV, WY
    Last app update April 2025

    Uncover more about the best Kentucky Derby betting site via our FanDuel review and FanDuel promo code guide.

    Claim Now

    How to bet on the Kentucky Derby

    The 151st running of the Kentucky Derby is here. With so much hype surrounding horse racing's yearly marquee event, we've provided horse racing fans a brief breakdown below of everything you need to know about how to bet on the Kentucky Derby in 2025: 

    When is the Kentucky Derby? 

    The 151st Kentucky Derby takes place this Saturday. 

    Where is the Kentucky Derby?

    The 2025 Kentucky Derby will be held at Churchill Downs, a legendary horse race track in Louisville, Kentucky. 

    What time is the main Kentucky Derby race? 

    The post time for the main event of the 151st Kentucky Derby is scheduled for approximately 6:57 p.m. ET.

    How to watch the Kentucky Derby? 

    There are several ways to watch the 151st Kentucky Derby this Saturday. If you have access to FanDuel, you can live stream 2025's biggest horse race via FanDuel TV — a commercial-free sports network. You can also watch the Kentucky Derby on NBC, Peacock, USA Network, or Fubo. 

    What horse is favored to win the Kentucky Derby in 2025? 

    Santa Anita Derby winner Journalism is the current favorite to win the 151st Kentucky Derby. Journalism will break from post eight when they spring the latch on the "Run for the Roses.". Covers' Geoff Zochodne outlines the latest stories and spicy odds that could help stoke Kentucky Derby betting.

    Covers Expert Analysis
    "Bookmark our Kentucky Derby odds and Kentucky Derby analysis pages for the latest information ahead of Saturday's big race."

    Carson Deveau, Betting Editor


    FanDuel Kentucky Derby betting

    FanDuel Racing is the best Kentucky Derby betting site in 2025. You can access the online racebook in various ways, depending on where you reside, as the dedicated FanDuel Racing app is only available in select states. Meanwhile, bettors in the remaining regions where horse wagering is permitted can access the platform via the traditional FanDuel Sportsbook. 

    State FanDuel Racing app FanDuel Sportsbook & Racing
    Arizona ✅ ❌
    Arkansas ✅ ❌
    California ✅ ❌
    Colorado ✅ ✅
    Delaware ✅ ❌
    Florida ✅ ❌
    Illinois ✅ ✅
    Indiana ✅ ✅
    Kentucky ✅ ❌
    Louisiana ✅ ✅
    Maryland ✅ ✅
    Massachusetts ✅ ✅
    Michigan ✅ ✅
    Minnesota ✅ ❌
    New Hampshire ✅ ❌
    New Mexico ✅ ❌
    New York ✅ ✅
    Ohio ✅ ✅
    Oregon ✅ ❌
    Pennsylvania ✅ ✅
    Rhode Island ✅ ❌
    South Dakota ✅ ❌
    Virginia ✅ ✅
    Washington ✅ ❌
    West Virginia ✅ ✅
    Wyoming ✅ ✅

    Both FanDuel platforms provide an exceptional Kentucky Derby betting experience but with a few minor variations, such as: 

    Covers hit icon
    You must download the FanDuel Racing app in the select states where Kentucky Derby betting is unavailable via the FanDuel Sportsbook app. 
    Covers hit icon
    FanDuel Sportsbook bettors can access FanDuel Racing immediately via their pre-existing credentials, while FanDuel Racing users must log in initially. 
    Covers hit icon
    FanDuel Sportsbook bettors must navigate to the different betting properties listed at the top of the app to access FanDuel Racing.
    Covers miss icon Bonuses from FanDuel Sportsbook to FanDuel Racing are not transferable. However, any existing funds or winnings can be used on both platforms. 
    Covers miss iconTVG — a live horse betting and streaming feature — is exclusive to the FanDuel Racing app. 

    Where to bet on the Kentucky Derby in Canada

    Of the top sports betting Canada options for horse racing, we recommend using BetVictor, Pinnacle, and 888sport for your Derby wagering.

    BetVictor Logo

    100% Bonus up to $600

    No code required

    Claim $600

    Pinnacle Logo

    Best Odds, High Limits

    Play Now

    888sport Logo

    100% Bonus up to $500

    Code: COVERSBONUS

    Claim $500

    Kentucky Derby odds 2025

    Churchill Downs is expecting record-like Kentucky Derby results this year in terms of betting, meaning should analyze the field to identify top contenders and sleepers for the 151st running of the iconic race. 

    Journalism sits atop the Kentucky Derby odds board in 2025, having pulled off an impressive victory over Baeza in the Santa Anita Derby in early April. While he's earned his spot as the favorite, Sovereignty and Sandman aren't lagging far behind.

    Check out the table below for a complete picture of the current Kentucky Derby odds, and for additional expert insight and analysis on the 2025 Kentucky Derby horses, peruse our guide on the Kentucky Derby Post Positions. 

    🏆 Post 🐎 Horse 📊 FanDuel Racing odds
    8 Journalism +300
    18 Sovereignty +500
    17 Sandman +600
    4 Rodriguez +1200
    9 Burnham Square +1200
    7 Luxor Cafe +1500
    1 Citizen Bull +2000
    10 Grande +2000
    12 East Avenue +2000
    13 Publisher +2000
    14 Tiztastic +2000
    2 Neoequos +3000
    3 Final Gambit +3000
    5 American Promise +3000
    6 Admire Daytona +3000
    11 Flying Mohawk +3000
    15 Render Judgement +3000
    16 Coal Battle +3000
    19 Chunk of Gold +3000
    20 Owen Almighty +3000
    AE 21 Baeza +1200

    Reading Kentucky Derby odds

    Although some U.S. sportsbooks may use American odds, Kentucky Derby odds are typically displayed as fractions.

    Fractional odds (ex. 10/1) can be interpreted by taking the numerator (the top number), dividing it by the denominator (the bottom number), and multiplying the sum by the amount you wish to bet.

    For example, if you wagered $100 on 2024 Kentucky Derby winner Mystik Dan at his final odds of 18/1, you would've walked away with $1,800.

    18 / 1 = 18
    18 x $100 = $1,800

    When the denominator is "1," fractional odds are easy to calculate. However, sometimes you'll see a "2" or maybe even a "5" here. In this case, follow the same formula to calculate potential winnings. For example, placing a $100 wager on 9/5 odds would suggest you’re in line to win $180.

    9 / 5 = 1.8
    1.8 x $100 = $180

    Check out our horse racing odds page and our odds calculator to switch between fractional, decimal, and American odds and calculate potential Kentucky Derby payouts.

    Popular Kentucky Derby bet types

    There's more to Kentucky Derby betting than simply picking a single horse to win. Trusted Kentucky Derby betting sites offer odds for a wide range of online wagers, giving handicappers plenty of exciting bets to sweat on race day. Here are some of the most popular choices:

    Straight bets

    Kentucky Derby bettors can get started with straight bets. These straightforward wagers — win, place, and show — allow you to choose a horse to win the race outright or finish in the top two or top three. 

    Win bet   Jockey icon

    If you're confident a thoroughbred can earn a victory in the first leg of the Triple Crown, you can pick it to win the race outright. 

    Place bet   Jockey icon or Jockey icon

    For a lesser payout, you can bet that a horse will finish in either first or second place. This type of wager leaves you some wiggle room in the event of a photo finish.

    Show bet   Jockey icon or Jockey icon or Jockey icon

    Go with a show bet if you think your colt, gelding, or filly will come in first, second, or third place. You'll have much better odds here, so expect a significantly smaller payday.

    Exotic bets

    While it can certainly be fun to sweat straight bets, exotic wagers take Kentucky Derby betting to another level of excitement. The following bet types involve choosing two or more horses and can result in much more lucrative winnings.

    Exacta   Jockey icon + Jockey icon

    Predict the first and second place horses in order, and you have yourself an exacta. This type of wager is more difficult than a win or place bet but will offer a bigger reward should you win.

    Trifecta   Jockey icon + Jockey icon + Jockey icon

    A trifecta wager asks you to pick the first, second, and third-place finishers of the Kentucky Derby in order.

    Superfecta   Jockey icon + Jockey icon + Jockey icon + Jockey icon

    To win a superfecta wager, you'll have to correctly identify the first four horses to complete the race in order.

    Super high-five Jockey icon + Jockey icon + Jockey icon + Jockey icon + Jockey icon

    Predictably, a super high-five calls on bettors to pick the exact order of the top five horses. While a tall order, the reward here is substantial, to say the least.

    How we rate Kentucky Derby betting sites

    Learn how we rate sportsbooksInternal link icon

    Trusted Kentucky Derby betting sites should check all of the boxes. We recommend online horse betting sites and app that are safe, reliable, and feature-rich. The following criteria should be top of mind when choosing where you place your Kentucky Derby wagers:

    Covers Bonuses Icon Bonuses and promotions

    The best betting sites engage new users with generous sportsbook promos. Some Kentucky Derby betting sites and horse racing apps may even feature special offers for the big event.

    phone icon Mobile betting

    Our recommended Kentucky Derby betting sites also have responsive and intuitive mobile sports betting apps for iPhone and Android devices. Rest assured that you can use FanDuel Racing — the best horse racing betting app in 2025 — to place your Kentucky Derby wagers whenever you may be at post time. 

    Covers Customer Service Icon Customer support

    The top sites for wagering for horse racing give users various ways to reach out to customer support agents. Accessible and reliable live chat, email, and phone support are necessary.

    Covers banking Icon Banking and payout speed

    You value your bankroll — and so should the betting site you've chosen to trust with your cash. The best Kentucky Derby betting sites vie for the title of best sportsbook for payouts in 2025 to ensure you have quick access to your horse winnings when the Derby concludes.

    Security Icon Security and trust

    When betting on the Kentucky Derby, you want to use a reputable website with a long-standing track record of treating customer information with confidentiality and care. The trusted Kentucky Derby betting sites featured above are licensed and regulated at the state level and do their part to ensure your personal details are stored safely.

    Learn how we rate sportsbooks

    Legal Kentucky Derby betting states

    While sports bettors can enjoy some form of online or retail wagering in 38 states (+ DC), horse racing enthusiasts have even more legal options if they cannot physically be at Churchill Downs for the event. Refer to the table below to see if horse race betting is legal in your state via the FanDuel Racing app.

    State Legal horse racing FanDuel Racing
    Alaska ❌ ❌
    Alabama ✅ ❌
    Arizona ✅ ✅
    Arkansas ✅ ✅
    California ✅ ✅
    Colorado ✅ ✅
    Connecticut ✅ ❌
    DC ❌ ❌
    Delaware ✅ ✅
    Florida ✅ ✅
    Georgia ❌ ❌
    Hawaii ❌ ❌
    Idaho ✅ ✅
    Illinois ✅ ✅
    Indiana ✅ ✅
    Iowa ✅ ❌
    Kansas ✅ ❌
    Kentucky ✅ ✅
    Louisiana ✅ ✅
    Maine ✅ ❌
    Maryland ✅ ✅
    Massachusetts ✅ ✅
    Michigan ✅ ✅
    Minnesota ✅ ✅
    Mississippi ❌ ❌
    Missouri ✅ ❌
    Montana ✅ ✅
    Nebraska ✅ ❌
    Nevada ❌ ❌
    New Hampshire ✅ ✅
    New Jersey  ✅ ❌
    New Mexico ✅ ✅
    New York ✅ ✅
    North Carolina ❌ ❌
    North Dakota ✅ ✅
    Ohio ✅ ✅
    Oklahoma ✅ ❌
    Oregon ✅ ✅
    Pennsylvania ✅ ✅
    Rhode Island ✅ ✅
    South Carolina ❌ ❌
    South Dakota ✅ ✅
    Tennessee ✅ ❌
    Texas ❌ ❌
    Utah ❌ ❌
    Vermont ✅ ❌
    Virginia ✅ ✅
    Washington ✅ ❌
    West Virginia ✅ ✅
    Wisconsin ✅ ❌
    Wyoming ✅ ✅

    Blacklisted Kentucky Derby betting sites

    See all blacklisted sportsbooks

    Some offshore betting sites claim to be legal Kentucky Derby wagering platforms. However, these sites are not regulated or licensed in the U.S. and have been known to treat customers poorly. We strongly recommend steering clear of these blacklisted betting sites at all costs.

    Americas Bookie
    • Allegations of withdrawal issues
    • No license information available on site
    • Poor customer service
    CS Sportsbet
    • Multiple reports of slow payments
    • Allegations of non-payments
    • Risk of account closure simply for winning bets
    Zenit
    • Reports of confiscated winnings
    • Slow customer support response times
    See all blacklisted sportsbooks Arrow icon

    Best betting sites by sport

    Interested in the best betting sites for other sports? We've identified and highlighted the top operators for each of the following sports:

    Covers hit icon Football betting sites

    Covers hit icon Basketball betting sites

    Covers hit icon Hockey betting sites

    Covers hit icon College football betting sites

    Covers hit icon Soccer betting sites

    Covers hit icon Baseball betting sites

    Covers hit icon Boxing betting sites

    Covers hit icon F1 betting sites

    Covers hit icon Golf betting sites

    Covers hit icon Super Bowl betting sites

    Covers hit icon March Madness betting sites

    Covers hit icon Horse racing betting sites

    Covers hit icon UFC betting sites

    Covers hit icon Esports betting sites

    Kentucky Derby betting sites FAQ

    Yes. You may legally wager on the Kentucky Derby on a mobile device, desktop computer, or tablet. Wagering on horse racing is easy with any of the above trusted Kentucky Derby betting sites.

    If you live in a state with legal online horse racing betting, you may wager on the 151st running on one of the Kentucky Derby betting sites above.

    Covers strongly recommends FanDuel and the FanDuel Racing app for Kentucky Derby betting.

    Yes, you can bet on the Kentucky Derby on FanDuel or the FanDuel Racing app.

    No, DraftKings does not have a horse racing section on its website or mobile app. However, states with access to DK Horse may place horse racing bets online.

    Pages related to this topic

    Best Sports Betting Sites Canada
    Best Betting Sites US
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    Kentucky Sports Betting
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    Best Mobile Sports Betting App
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    Joshua Howe - Covers
    Joshua Howe
    Sports Betting Editor

    Joshua Howe is a sports betting editor at Covers, helping make smarter sports bettors since 2021. The experienced writer and editor has reviewed over 25 sportsbooks and has been placing his own wagers for four years and counting. He prefers FanDuel for its sleek app design and variety of NBA markets.

    Table of contents
    • Best Kentucky Derby betting sites
    • FanDuel Racing
    • How to bet on the Kentucky Derby
    • Where to bet on the Kentucky Derby in Canada
    • Kentucky Derby odds 2025
    • Popular Kentucky Derby bet types
    • How we rate Kentucky Derby betting sites
    • Legal Kentucky Derby betting states
    • Blacklisted Kentucky Derby betting sites
    • Best betting sites by sport
    • Kentucky Derby betting sites FAQ
    • Pages related to this topic
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