The 2023 Preakness Stakes is set for Saturday, May 20, at Pimlico Race Course in Baltimore, Maryland. For the 148th running, the purse is valued at $1.5 million. How much will the winning horse make on Saturday? Below, learn about the purse for the 2023 Preakness Stakes and how much money the winning horse earns.
Preakness Stakes Purse 2023
The post positions have been set for the 148th running of the Preakness Stakes!#Preakness148 pic.twitter.com/3xmWjJZR1g
— Preakness Stakes (@PreaknessStakes) May 15, 2023
For the 10th straight year, the Preakness Stakes Purse is set at $1.5 million. This purse is half of the Kentucky Derby’s purse ($3 million) and equal to the purse of the Belmont Stakes ($1.5 million).
How Much Money Does The Preakness Stakes Winner Earn?
The winner of the 2023 Preakness Stakes is in line for a huge haul with a payout of $900,000. That means 60% of the purse will be awarded to the winner.
The winning jockey typically makes 10%, which comes to approximately $90,000.
Preakness Stakes 2023 Purse Payout
With only a maximum of 14 horses in the field, more than one-third of the horses will earn payouts from the race.
First place is $900,000, but second place earns a respectable $300,000, with third place earning $165,000.
Check out the Preakness Stakes 2023 purse payouts below.
| Place | Prize Money |
| 1 | $900,000 |
| 2 | $300,000 |
| 3 | $165,000 |
| 4 | $90,000 |
| 5 | $45,000 |
Preakness Stakes Purse Compared To Other Triple Crown Races
The Preakness has the same purse amount as the Belmont with $1.5 million. The Kentucky Derby is double that number with a purse of $3 million.
Check out the chart for the Triple Crown purses this year.
| Race | Date | Purse |
| Kentucky Derby | May 6, 2023 | $3 million |
| Preakness Stakes | May 20, 2023 | $1.5 million |
| Belmont Stakes | June 10, 2023 | $1.5 million |
Preakness Stakes Betting Guides 2023
- Horse Racing Betting Guide – Discover Best Horse Racing Betting Sites in USA Ranked & Reviewed.
- Preakness Stakes Betting Guide – Discover The Best Preakness Stakes Betting Sites Ranked & Reviewed.
- How to Bet on Preakness Stakes – Compare Top Sites for Preakness Stakes Betting.
- Preakness Stakes Odds Explained – Compare the Best Sites for Preakness Stakes Odds Reviewed.
- Free Preakness Stakes Picks – Check out Expert Tips on Preakness Stakes.
Add The Sports Daily to your Google News Feed!
