It’s Kentucky Derby weekend! The 2026 Kentucky Derby will take place this Saturday, May 2nd at Churchill Downs Racetrack in Louisville, Kentucky.
The Kentucky Derby always takes center stage in the sports betting world, considered alongside the Super Bowl as a main single day betting event in the United States each year. This years Kentucky Derby will be broadcast on NBC from 2:30pm to 7:30pm ET (11:30am to 4:30pm PT) with the race having a post time of 6:57pm ET (3:57pm PT).
On this page I will recommend a betting site for Washington and Oregon residents, touch on the current sports betting regulations in each state, look at the Derby odds, and provide an easy 3 step guide you can follow to bet on the Kentucky Derby online.
Best Sportsbook For Americans
Bovada.lv is our recommended betting site for Washington and Oregon residents looking to bet on this years Kentucky Derby. Bovada is an online betting site that accepts players from almost everywhere in the US including Washington and Oregon.
New sign ups at Bovada receive a welcome bonus equal to 50% of your first deposit up to $250.
Kentucky Derby Betting in Washington and Oregon
It is currently legal to bet on sports in both Washington and Oregon, but both states have limitations to their regulated sports betting industries.
In Washington bets can be placed both online and in-person, but all bets must be placed while located on tribal lands.
In Oregon sports betting is legal, but DraftKings holds a monopoly on the regulated online sports betting industry in the state.
Both Washington and Oregon residents also have the option to place bets through offshore sportsbooks that are licensed and regulated outside of the USA. Bovada.lv is an offshore sportsbook that falls into this category.
2026 Kentucky Derby Odds
Here are the odds and post positions for the 2026 Kentucky Derby from Bovada sportsbook (odds from May 1st, 2026):
Renegade is the favorite leading into the race, while Commandment, Further Ado, and Chief Wallabee are the other top contenders.
Bet On The Kentucky Derby Online – 3 Steps
Complete this three step guide to place your Kentucky Derby bets online from Oregon or Washington.
Step 1. Join Bovada.lv
Click the above link and complete the sign up form on the home page to open your Bovada account.
Step 2. Deposit Funds
Log into your Bovada account and click the ‘Deposit’ link under your accounts drop down menu. Choose one of the deposit options, enter the amount, and follow the instructions to make your deposit.
Bovada accepts deposits through Visa, MasterCard, American Express, Bitcoin, ETH and more. You can cash out your winnings through Bitcoin, ETH, bank wire or check by mail.
Step 3. Place Your Kentucky Derby Bets
You can place Kentucky Derby bets in both the Sports and Horses sections of the Bovada website.
In the Sports section you can place bets on the Derby at fixed odds. In the Racebook you full variety of horse racing bet options (win/place/show, exacta, trifecta, etc), but the Racebook uses the parimutuel betting system. This means the odds will be determined by the amount wagered on each horse.
Fixed Betting (Sportsbook)
- Click ‘Sports’ from the top navigation bar.
- Select ‘Horses Futures & Props’ from the All Sports menu.
- You can also select ‘Kentucky Derby Fixed Odds’ from the Trending Events menu to quickly navigate to the Kentucky Derby betting markets.
- Select the odds of the bet you want to place to add it to your Bet Slip.
- Enter your risk amount on the Bet Slip and click ‘Place Bet’ to lock in your wager.
Parimutuel Betting (Racebook)
- Click ‘Horses’ from the top navigation bar.
- Select ‘Churchill Downs’ from the All Tracks menu.
- The Kentucky Derby will be race #12 on May 2nd.
- You can also select ‘Kentucky Derby Advance’ from the Trending Events menu to navigate to the Churchill Downs races on May 2nd. You will still have to scroll to race #12 for the Kentucky Derby.
- Select the type of bet you want to place and click ‘Add To Bet Slip’.
- Enter your Stake amount on the Bet Slip and click ‘Place Bets’ to make your wager.
Check out our horse racing page to learn more about the bets you can make on the Kentucky Derby.
Ready to bet? Click here to visit Bovada.lv.
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