The 2026 Preakness Stakes is gearing up for a historic running on Saturday, May 16, at Laurel Park in Laurel, Maryland. For the first time ever, the second jewel of the Triple Crown will be held at this venue, as its traditional home, Pimlico Race Course, undergoes construction.

Horse racing fans will have to wait another year for a Triple Crown contender, as Kentucky Derby winner Golden Tempo will not be competing in the Preakness, dashing any hopes of a historic sweep this season.

With a 14-horse field set to charge out of the starting gate, the post positions and opening odds have been released. Leading the pack as the early favorite is Iron Honor, drawing plenty of attention from bettors. Hot on his heels are three contenders—Taj Mahal, Chip Honcho, and Incredibolt—all sharing 5-to-1 odds for the 151st running of "The Run for the Black-Eyed Susans."

Mark your calendars: The 2026 Preakness Stakes is scheduled to go off at 6:50 p.m. ET, with live coverage on NBC and streaming via Peacock. Whether you're a seasoned handicapper or a casual fan, this year's race promises plenty of excitement at a new venue.

Note: Game odds refresh periodically and are subject to change. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER.