The next Preakness Stakes, the 152nd, is run at Pimlico Race Course in Baltimore on Sunday, May 23, 2027, eight days later than the race’s traditional third Saturday in May. It is the second leg of the Triple Crown, 22 days after the Kentucky Derby on May 1 and 13 days before the Belmont Stakes on June 5.

The Maryland Jockey Club announced the new date on August 5, 2026. The last Preakness, on May 16, 2026, was the first run at Laurel Park, and Napoleon Solo won it.

About the Preakness Stakes

The Preakness is a Grade 1 race for 3-year-olds over 1 3/16 miles on dirt, first run in 1873. The winner is covered with a blanket of black-eyed Susans, Maryland’s state flower, which is why the race is called “The Run for the Black-Eyed Susans”.

• Next running: Sunday, May 23, 2027, Pimlico Race Course, Baltimore
• Distance: 1 3/16 miles
• Field: 14 starters in 2026, a full field
• Television: NBC and Peacock, under a rights deal NBC Sports extended in August 2026
• Black-Eyed Susan Stakes: moved to Saturday, May 22, 2027, the day before the Preakness

The 2026 race was the 17th time the Preakness had been run away from Pimlico, and the first since 1908, according to the Maryland Jockey Club.

How the 2026 Preakness finished

Napoleon Solo, owned by Gold Square LLC, took control entering the homestretch and pulled away from the pre-race favorite, Iron Honor. Iron Honor had been the 9-2 morning-line favorite from post 9, and Napoleon Solo went off at 10-1.

Napoleon Solo was a Grade 1 winner at 2 who had come up short in his two races before the Preakness in 2026. He is trained by Chad Summers.

The Preakness bets, explained

The basic bets are the same at every track. Horse racing odds are shown as fractions, so 5-1 pays $5 for every $1 bet, plus the stake back.

• Win: your horse has to finish first. A $10 win bet at 5-1 returns $60.
• Place: your horse has to finish first or second. It pays less than a win bet because it wins more often.
• Show: your horse has to finish in the top three, and it pays less again.
• Exacta: the first two finishers in the exact order.
• Trifecta: the first three in the exact order.
• Superfecta: the first four in the exact order.
• Box: covers every order of the horses you pick, for a higher total cost.

Racetrack bets are pari-mutuel: the payout comes from the pool of money bet, so the final odds are only known when the race starts. The morning line printed before the race is a forecast of those odds, not a price you can lock in.

Betting the Preakness for value

A 5-1 horse has to win one time in six for the bet to break even, a 16.7% chance. A bet is worth making only when you rate the horse’s chance higher than the odds do.

The Maryland Jockey Club also runs a Preakness Future Win Wager, a separate pool that opens weeks before the race. In 2026 the pool opened on April 24, with Renegade as the 10-1 morning-line favorite.

For the other Triple Crown races, read our Kentucky Derby betting guide and our Belmont Stakes expert guide, and for the fall championships the Breeders’ Cup guide. The race’s odds page is our Preakness Stakes odds, the basics are in our horse racing betting guide and in how betting odds are calculated. The handicappers’ records are on the leaderboard, and you can buy picks now.