2016 Preakness – Purse / Prize Money Breakdown

The Preakness Stakes is one of the most prestigious horse races in the world, and it’s also one of the richest. At least $1.5 million in prize money is handed out each year for the fastest horses in the middle jewel of Thoroughbred racing’s Triple Crown, but exactly how is all that money handed out and to whom?

Let’s all find out by breaking down the purse and prize money for the Preakness. In the meantime, learn even more about this prestigious race with our in-depth preview and expert picks.

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2016 Preakness Prize Money Breakdown

PLACE | PAYOUT (PURSE PERCENTAGE)
1st | $900,000 (60%)
2nd | $300,000 (20%)
3rd | $165,000 (11%)
4th | $90,000 (6%)
5th | $45,000 (3%)
TOTAL | $1,500,000

The minimum gross purse for grabs at the Preakness is $1.5 million guaranteed, putting it in the top 15 among horse races worldwide. Pimlico Race Course increased the purse to that total for the first time in 2014. Only the top-five finishers in the Preakness will get a share of that purse, though. The remaining horses don’t get a dollar. The amounts the top five horses will receive at the 141st Run for the Black-Eyed Susans are enumerated on the table above.

A total of 12 horses will compete in this weekend’s Preakness Stakes. The current odds have Nyquist as the -190 favorite to come away with the $900,000 first-place prize money in this year’s race. Meanwhile, Exaggerator (+375) and Stradivari (+750) are also decent bets to fall within the money-making top-five even if they come up short of victory.

Want to earn some huge sums as well? Create a betting account now and get wagering on the 2016 Preakness Stakes.