As well as being home to the Indy 500 , there are several well known sports teams in Indiana . Professional sports teams include the Indianapolis Colts of the National Football League ( NFL ) and the Indiana Pacers of the National Basketball Association ( NBA ) . Indianapolis is home to several major sports teams and athletic events including the NFL 's Indianapolis Colts , the NBA 's Indiana Pacers , and the Indianapolis 500 and Brickyard 400 motorsports races .