The 2026 Preakness Stakes is shaping up to be a race full of surprises—and not just because it's moving to a new track. For the sixth time in eight years, the Kentucky Derby winner will be sitting this one out, meaning the quest for a Triple Crown champion will have to wait at least another season.
Golden Tempo, who electrified Churchill Downs with a stunning come-from-behind victory on the first Saturday in May, has decided to skip the second leg of the Triple Crown. Instead, the Derby champion will rest and prepare for the Belmont Stakes, leaving the Preakness field wide open for a new star to emerge.
This year's race also marks a historic shift in venue. With Pimlico Race Course undergoing renovations, the Preakness will be held at Laurel Park for the first time in its 151-year history. The traditional third Saturday in May slot remains unchanged, but the surroundings will feel fresh and unfamiliar for both horses and fans.
So, who should you keep an eye on? None of the 18 Derby starters will be making the trip to Maryland, so the field features a completely new cast of contenders. Early betting lines have Bob Baffert's Cruel Velocity as the heavy favorite at 4-1 odds, followed by Iron Honor (19-1) and Taj Mahal (20-1). But as any seasoned horse racing fan knows, those odds could shift dramatically after the post position draw.
Here's everything you need to know to catch the action:
When is the post position draw?
Monday, May 11 at 4:00 p.m. ET. The draw determines which gate each horse will start from, and it can make or break a contender's chances.
Where can I watch the draw?
The draw won't be on traditional TV this year, but you can stream it live on the Preakness website or the Maryland Racing YouTube channel. It's a must-watch for anyone planning to place a bet or simply follow the race buildup.
When is the Preakness Stakes itself?
Saturday, May 16, with an approximate post time of 6:50 p.m. ET. The race will be run at Laurel Park, so make sure to adjust your viewing plans accordingly.
Whether you're a die-hard racing enthusiast or just looking for an excuse to break out your best derby hat, this year's Preakness promises plenty of drama. With no Derby horses in the mix and a new venue to boot, it's anyone's race to win.