Preakness Stakes 2026 payout: How much will winner earn by claiming second Triple Crown race?

A 14-horse field will compete Saturday at Maryland’s Laurel Park in the 2026 Preakness Stakes, the second jewel in horse racing’s Triple Crown.

Incredibolt will be the only horse from the Kentucky Derby to take part in the second race. Golden Tempo, the 2026 Kentucky Derby winner, withdrew. The nearly brand new field will be vying for a share of the $2 million purse for the third year in a row.

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Here’s a rundown of the payouts for the top-five horses:

2026 Preakness Stakes purse, payouts

Winner: $1,200,000
2nd place: $400,000
3rd place: $220,000
4th place: $120,000
5th place: $60,000

Of that $1.2 million for the winner, 80% goes to the horse’s owners, while the trainer and jockey each receive 10%.

Horsephotos via Getty Images

Is there a trophy?

The 2026 Preakness Stakes winner will receive the Woodlawn Vase. The 36-inch tall, 30-pound trophy is created by Tiffany & Co and made of solid sterling silver.

Preakness 2026 current odds

(Post number; odds as of Saturday morning)

1. Taj Mahal (5-1)

2. Ocelli (8-1)

3. Crupper (24-1)

4. Robusta (29-1)

5. Talkin (9-1)

6. Chip Honcho (11-1)

7. The Hell We Did (9-1)

8. Bull by the Horns (17-1)

9. Iron Honor (8-1)

10. Napoleon Solo (10-1)

11. Corona De Oro (16-1)

12. Incredibolt (5-1)

13. Great White (7-1)

14. Pretty Boy Miah (32-1)