Preakness purse rises to $1.5 million next year

Updated: December 12, 2013, 1:37 PM ET
Associated Press

BALTIMORE -- The Preakness Stakes will be worth $1.5 million next year, the first purse increase for the second leg of the Triple Crown since 1998.

The Maryland Jockey Club on Thursday announced the $500,000 increase for the May 17 race at Pimlico. The purse was last boosted 15 years ago to $1 million. The Preakness was worth $1,000 when first run in 1873.

The Kentucky Derby has a purse of $2 million. The Belmont Stakes, the last leg of the Triple Crown, is worth $1 million.

Maryland Racing Commission chairman Bruce Quade says the increase is another step in bolstering horse racing in the state.


Copyright 2013 by The Associated Press

This story is from ESPN.com's automated news wire. Wire index

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