Held on the third Saturday of May each year, the Preakness Stakes is one of the biggest events in horse racing. As the second leg of the Triple Crown, Preakness Stakes tickets are in high demand every year. The Preakness is held at Pimlico Race Course in Baltimore, Maryland and is the second biggest racing event of the year. Preakness Stakes tickets trail only the Kentucky Derby in popularity. The sale of Preakness Stakes tickets allows the Preakness to also be the second most attendended race outside of Churchill Downs.
The first Preakness was run in 1873 and at the time was a one and a half mile race. Since then, the race has become 1 3/16 miles on the dirt. Since 1932, the Preakness has run after the Kentucky Derby on the calendar as the second leg of the Triple Crown. Prior to that date, the Preakness had run before the Kentucky Derby 11 different times. Because it is now always the second leg, Preakness Stakes tickets are always in high demand as the Kentucky Derby winner always has a chance of winning the Preakness. The race is usually two weeks after the Derby and in that span, Preakness Stakes tickets usually see a slight increase in price.
Nicknamed “The Run for the Black-Eyed Susans” because of the blanket of yellow flowers placed around the winning horse’s neck to resemble Maryland’s state flower, the Preakness has been in danger of moving from Maryland a few times. From 1894-1908 the race was held in Coney Island, New York before returning to Pimlico in 1909. Preakness Stakes tickets have always sold well in Maryland, which was an important point in 2009. Magna Entertainment Corp., owners of Pimlico, filed for bankruptcy in 2009, endangering the location of the Preakness. With the fear of losing revenues from Preakness Stakes tickets and surrounding events, Maryland legislature agreed to buy Pimlico and keep the race in Maryland.
Those obtaining Preakness Stakes tickets usually also attend the events of the Preakness Celebration, a weeklong celebration featuring many different events including a parade. Pimlico, itself, is not constructed well for mingling inside, leaving patrons with Preakness Stakes tickets likely to just enjoy the race once inside the facility.
Since 1998, the purse for winning the Preakness was $1 million. The Maryland Jockey Club announced starting in 2014 the winning purse would be increased to $1.5 million. Both values have come a long way since $1,000 was handed out to the winner of the inaugural race in 1873. The winning purse did not reach six figures until 1946, when $100,000 was handed out for the first time.
2015 will feature the 140th running of the Preakness. The 2014 running will take place on May 17, 2014, giving fans plenty of time to get their Preakness Stakes tickets before the starting gun goes off. There have been 33 horses to win both the Kentucky Derby and Preakness Stakes, including 11 horses who have also won the Belmont Stakes to win the Triple Crown.
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Preakness Stakes Tickets News
5-15-14: The Preakness Stakes will take place this Saturday May 17 at the Pimlico Race Course in Baltimore, Maryland. Preakness tickets will have an average price of $166 with a secondary market ticket price of $46.
3-11-14: With just over two months to go, ticket prices for the Preakness States have remained consistent all week. Average ticket price is currently $286 on the resale market. Quantity has also remained the same since March 7th, with 2,161 tickets available. Finally, the cheapest ticket available has also remained the same, at $47.
3-5-14: Ticket prices on the re-sale market for the Preakness Stakes at Pimlico Race Course saw a 7% drop between February 28th and March 1st as the average price dropped from $312 to $290. Since the average asking price fell to $288. Tickets are starting to move on the market, as quantity dropped from 2800 available to 2100 available between the 28th and March 4th. Thus far, 2014 Preakness Stakes tickets are set to be the most expensive of the past 3 years. Cheapest ticket available is currently $47. The 2013 race averaged $115 on the secondary market with cheapest day-of ticket available at $65.
2-25-14: The third Saturday in May has been commanding greater attention each of the past 3 years. The demand and prices of Preakness Stakes Tickets in Baltimore have seen a year over year increase since 2012.
2012's race kicked things off with an average asking price of $140 on the secondary market and 2013 saw that number increase 42% to $199. With 2,712 tickets currently available on the re-sale market, 2014's race is set to be the most expensive of the 3. The average asking price is $312 and ticket prices have increased 2% this week. The cheapest ticket for Pimlico's premier event is being listed for $47, which is actually slightly cheaper than last year's cheapest race day ticket at $54.