Best Kentucky Derby Betting Sites | May 2024

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The 2024 Kentucky Derby is set for Saturday, May 4, 2024 with a scheduled post time of 6:57 pm ET. Check out The Post’s top Kentucky Derby betting sites down below and register today to claim the best bonus and promotional offers currently up for grabs ahead of the event.

More on the Best Kentucky Derby Sites

Kentucky Derby 2024 Preview

The 150th rendition of the Run for the Roses is set to take place on May 4, 2024 at Churchill Downs in Louisville, Kentucky. The 2024 Kentucky Derby, which serves as the first of three highly-anticipated Triple Crown races, has a scheduled post time of 6:57pm ET and will feature a strong crop of horses ready to compete for the sport’s most coveted title.

For those watching from home, coverage of the event will air live on NBC, NBCSports.com, the NBC Sports app and Peacock from its start time of 12:00pm ET until 7:30pm ET.

The field for “The Most Exciting Two Minutes in Sports” is now headlined by the new odds-on favorite, Sierra Leone, who enters this race sitting atop the pack with 3-1 odds to win.

The payouts are as follows, $3.1 million purse to the first-place winner, $1 million the runner-up, $500,000 to third, $250,000 to fourth, and $150,000 to the fifth place finisher.

Updated Kentucky Derby Odds 2024

• Updated odds provided by the Kentucky Derby

Best Kentucky Derby Betting Sites Ranked

Below is our definitive ranking of the best Kentucky Derby betting sites that players can use to wager on the 2024 event. From FanDuel to TwinSpires, each and every brand mentioned is currently offering new users a lucrative welcome package to kick off the festivities. If any bonuses are of interest, be sure to utilize the links in the text or the corresponding modules in order to claim.

1. TwinSpires Horse Racing

As the official online betting partner of the Kentucky Derby, TwinSpires is the number one option for placing action on this year’s event.

The brand is owned and operated by Churchill Downs Inc., the same company that hosts the Kentucky Derby each year at its landmark racetrack in Louisville, Kentucky. TwinSpires provides its players with a first-class wagering experience with more than 148 years of service under its belt and is currently offering a generous welcome bonus!

Claim your TwinSpires new-user offer by clicking on the link above and entering the bonus code NYPRACING during registration. In doing so, first-time players can score a $400 Sign Up Bonus!

Note, new users can only claim one welcome offer and bets must be made within 30 days after registering an account.

2. FanDuel Racing

Another reliable Kentucky Derby betting site to make wagers this May is none other than FanDuel Racing. FanDuel is a major name in the sports betting industry, that also provides a unique race betting product.

Available both in-app and on desktop, FanDuel Racing boasts industry-best update speeds, free live video, and countless other innovative features. Unique to the competition, FanDuel offers two new unique welcome bonuses in which new players can redeem: Get a $500 No Sweat for the Kentucky Derby or Get a $20 No Sweat Bet for the Kentucky Derby!

There is no FanDuel Racing promo code required to claim, so click on either link or one of the modules above to get started!

The first $500 offer is applicable in AR, CA, DE, ID, FL, MN, MT, NH, NM, ND, OR, RI, SD, WA. Age and residency restrictions apply. See terms at racing.fanduel.com. Gambling Problem? Call 1-800-GAMBLER.

The second $20 offer is applicable in AZ, CO, IL, IN, KY, LA, MA, MD, MI, NY, OH, PA, VA, WV, WY. New users only, must bet on Kentucky Derby to receive offer.

In the event of a loss, the player will receive their bonus within 5 days of settlement. As soon as the wagering credits arrive, players will have 7 days to use them before they expire.

3. DRF Racing

As one of the more established names in online horse betting, it should come as no surprise that DRF Racing landed as one of the top Kentucky Derby betting sites in our ranking.

DRF (Daily Racing Form) has been around for a century providing racing fans with ample coverage of horse races around the world. DRF Racing is well known for it’s various tools via their DRF Bets app, however you won’t be able to wager on the Kentucky Derby via the mobile app.

New users that register for a new account with DRF can get a $200 deposit match, which can help kickstart any new race bettor.

4. AmWager

Rounding out our list of the best Kentucky Derby betting sites is none other than AmWager, which isn’t as much of a household name as FanDuel or TwinSpires but provides a product of similar stature.

Available both in-app and on desktop, AmWager boasts industry-best update speeds, free live video, and countless other innovative features. And unlike its competition, AmWager offers all new users a lucrative welcome bonus consisting of a 100% match on their first deposit worth up to $150 in wagering credits.

In order to claim the 100% deposit match from AmWager, first-time patrons must register for a new account. After making an initial deposit, the user must place $150 in subsequent wagers in order to unlock the match. If only depositing $100, $50, or any other amount, the user would only need to wager that amount to receive their match.

Once the promotional wagers are settled, the player will receive their match within 7 days of meeting the requirement. As soon as the wagering credits arrive, players will have 30 days to use them before they expire.

How to sign up at a Kentucky Derby betting site

After clicking on any of the links or bonus codes above to claim your offer, you’ll need to complete the signup process at the preferred racebook of your choice. Just about every industry-standard horse racing betting site has a similar procedure for registration, which typically entails the following steps:

1. Select the site you wish to sign up with (TwinSpires, FanDuel Racing, etc).
2. If claiming any bonus offers mentioned in this article, be sure to utilize any of the links and/or bonus codes found within this page.
3. Locate the ‘Register’ or ‘Join Now’ button on the app or website.
4. Complete the registration process by filling in some personal details. Nearly every app or site will require your first and last name, date of birth, email address, phone number, home address and the last four digits of your social security number.
5. After wrapping up the signup process, verify your account via email. Some racebooks may ask for further verification such as submitting a photo ID, however this is not always required.
6. That’s it! If you’ve successfully completed the above, your account should be ready for use!

How to Choose a Kentucky Derby betting site

There are various areas to consider when selecting your preferred horse betting app or website. Between new-user bonuses, existing promotions or live streaming capabilities, always be sure to think long and hard about where you plan on placing your action based on the following criteria:

Welcome Bonuses

Whether it is issued in the form of a deposit match, bet reimbursement or bet-and-get special, a welcome bonus is by far the most important aspect of choosing the best horse betting site for you.

After all, nothing quite sweetens the pot like some extra funds or additional incentives to begin your time with a specific site or app. TwinSpires, FanDuel Racing, DRF Racing, and AmWager offer different types of welcome bonuses, so check out all three to determine which one suits your wagering style the best!

Existing User Promotions

After the dust settles and your welcome bonus is long in the rearview, it will pay to use a racebook that offers promotions to its existing users. Popular sites like FanDuel Racing keep their customer base involved by offering cash back promotions, insurance on specific bet types and even a bonus prize pool to be split amongst players who successfully hit a certain style of bet.

When your horse betting site of choice has a strong promotional department, it will definitely enhance the experience and keep you coming back for more.

Loyalty Programs

Similar to any racebook that offers a strong crop of existing user promotions, it also pays to use a horse betting site that provides its players with some sort of customer loyalty program.

Loyalty programs reward active users with each and every wager placed, often loading up their accounts with bonus funds or points of some sort that can be redeemed for extras. If you plan on wagering on races often, finding a horse betting site with a strong customer loyalty program should be a very high priority.

Tools & Tips

For those that don’t have much experience betting on horses or simply want to fine-tune their wagering strategy, selecting a racebook that offers various tools and expert tips can go a very long way.

From Past Performance data to free expert picks and insight, always take a quick scan at a horse betting app or site before signing up to make sure it has the proper tools available to help you make better wagers.

States Where You Can Bet on the Kentucky Derby Online

Unlike online sports betting or online casino play, digital horse betting is legal and regulated in most states across the map. Players looking to place some action on the 2024 Kentucky Derby from their desktop computer or mobile device will be able to do so, as long as they reside in any of the following U.S. states:

How to bet on the Kentucky Derby Online

Betting on the Kentucky Derby, or on any horse races in general, can be a bit overwhelming for novice bettors. Before placing any action on this year’s race, be sure to be aware of and understand the different types of wagers and bet types that are offered by the various racebooks mentioned above.

• Win: Wager on a horse to ‘Win’ if you think it will finish in first place.
• Place: Wager on a horse to ‘Place’ and cash your ticket if they finish in first or second place.
• Show: The payout will be much lower, but your horse can finish in first, second or third place in order to cash a ‘Show’ ticket.
• Exacta: Select the first and second place finishers in their exact order.
• Quinella: Select the first and second place finishers where order does not matter.
• Trifecta: Select the first, second and third place finishers in their exact order.
• Superfecta: Select the first, second, third and fourth place finishers in their exact order.
• Super Hi-Five: Select the first, second, third, fourth and fifth place finishers in their exact order.

Kentucky Derby Betting FAQs

Below are some of the more frequently asked questions discussed amongst those looking to wager on the Kentucky Derby. If you have any further questions that aren’t addressed below, be sure to check out the extensive FAQ menu found within your preferred racebook app or website of choice.

When is the 2024 Kentucky Derby?

The 2024 Kentucky Derby will take place on May 4, 2024. The main event has a scheduled post time of 6:57pm ET.

Who is favored to win the 2024 Kentucky Derby?

Based on the odds by the Kentucky Derby Website above, Sierra Leone (3-1) and Fierceness (5-2) as the top two favorites to win the 2024 Kentucky Derby. Odds are subject to change.

Which states can bet on the Kentucky Derby online?

Most U.S. states have legal access to online horse wagering sites. Players based in the following states can place wagers on the 2024 Kentucky Derby via their smartphone or computer: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Vermont, Virginia, Washington, West Virginia, Wisconsin & Wyoming.

What is the minimum age to bet on the Kentucky Derby?

The majority of U.S. states require players to be at least 18 years old in order to place legal wagers on the Kentucky Derby and other horse races, however it does vary by state. For example, Arizona residents must be 21 years or older in order to participate.

What are the best sites to bet on the Kentucky Derby online?

TwinSpires, FanDuel Racing, DRF Racing, and AmWager are the Post’s top recommendations for players interested in wagering on the 2024 Kentucky Derby. Register today for any of the sites using the links on this page to unlock a loaded welcome offer!