Preakness Stakes 2023 purse, payout and winner prize money breakdown

Preakness Stakes 2023 purse, payout and winner prize money breakdown

The winning team will be able to make some extra money because to the Preakness Stakes 2023 big prize purse, know it’s payout breakdown here 

Huge sums of money will be bet on the Preakness Stakes before to its 148th running, just like it was prior to the Kentucky Derby.

There will be an increase in wagering on Saturday.

Preakness Stakes 2023 purse, payout, winner prize money breakdown

The huge prize fund for the Preakness will allow the winning team to earn some more cash.

All of the top five finishers will earn some compensation, with the winner taking home the lion’s share.

The Preakness will be dominated by Mage, who won the Kentucky Derby two weeks previously and is seeking to win the Triple Crown.

Mage and his competitors would have a major victory at Pimlico Race Course.


Mage in particular is attempting to make history and, with one more triumph, might transition from being a feel-good tale at Churchill Downs to the centre of attention in the sports world.

Here is what you need to know about the Preakness Stakes payout in 2023.

What is the Preakness Stakes purse in 2023?

This year’s Preakness Stakes purse is $1.5 million.

The prize money has grown by $500,000 from the $1 million won in 2021, although it remains the same as it was for the previous event.


In 2019, the penultimate Preakness race before the COVID-19 pandemic, the Preakness Stake purse set a new record at $1.65 million.

How much money does the Preakness Stakes winner get?

60 percent of the total prize money, or $900,000, will go to the Preakness Stakes champion in 2023.

Prize money breakdown for Preakness Stakes 2023

Similar to last year, the second-place finisher will receive $300,000 and the winners of the other top four spots will each receive a piece of the prize money.


The Preakness Stakes prize money for 2023 is broken down in detail below:

Place Prize Money
1 $900,000
2 $300,000
3 $165,000
4 $90,000
5 $45,000

Preakness Stakes prize money compared to other Triple Crown races

The $1.5 million purse for the Belmont Stakes, which received an increase in prize money this year, is not similar to the Preakness Stakes purse of $1.5 million, which is half the size of the $3 million payout for the Kentucky Derby.

Race Date Purse (2023 figures)
Kentucky Derby May 6, 2023 $3 million
Preakness Stakes May 20, 2023 $1.5 million
Belmont Stakes June 10, 2023 $1.5 million