In February 2013, the casino was rebranded as Indiana Grand Racing & Casino after its purchase by Centaur Gaming. The casino opened its doors on March 13, 2009, as Indiana Live! Casino and was later renamed Indiana Grand Casino in June 2012. The racetrack, previously known as Indiana Downs, offers live Thoroughbred and Quarter Horse racing from April to October, and it is affiliated with three OTB parlors across Indiana.

Over the years, Horseshoe Indianapolis has hosted various musicians, including The Buckinghams, Grand Funk Railroad, and Ludacris, among others. With over 1,704 slot machines and live table games, the casino was constructed at a cost exceeding $250 million. It is the closest casino to Indianapolis, providing an array of gaming options, dining choices, a gift shop, and live entertainment within its 233,000-square-foot (21,600 m2) facility. Owned and operated by Caesars Entertainment, Horseshoe Indianapolis (formerly Indiana Grand Racing & Casino and Indiana Live!) is a casino with a horse racing track situated in Shelbyville, Indiana. * This race was predicted using 1,666 training rows. * This race was predicted using 3,089 training rows.

Indiana grand casino and racing