Preakness purse increased to $1.5 million
The May 16 card on Preakness eve features eight added-money races, headlined by the $500,000 Black-Eyed Susan Stakes and the $300,000 Pimlico Special.
The Preakness undercard features eight stakes races, including the $300,000 Dixie Stakes and three $150,000 stakes: the Maryland Sprint Handicap, the Gallorette Handicap and Allaire duPont Distaff Stakes.
"I support the move," Maryland Racing Commission chairman Bruce Quade said. "It is another step in bringing Maryland racing back to a preeminent spot in the racing landscape."
At its inauguration in 1873, the Preakness carried a value of $1,000. The first major increase occurred in 1919 when the race had a $25,000 value. It climbed to $100,000 in 1946 and in 1959 was raised to $150,000, the highest among Triple Crown races.
From 1979 to 1989, the purse rose four times from $200,000 to $500,000, before attaining its present status of $1 million.
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