The 2026 Preakness Stakes is set to deliver an exciting showdown at Maryland's Laurel Park this Saturday, as a 14-horse field competes for the second jewel of the Triple Crown. With a $2 million purse up for grabs—matching last year's total—the stakes have never been higher.

Interestingly, only one horse from the Kentucky Derby, Incredibolt, will make the journey to Laurel Park. Golden Tempo, this year's Derby winner, has opted out, leaving the field wide open for a fresh contender to seize glory.

Here's how the prize money breaks down for the top five finishers:

- Winner: $1,200,000
- 2nd place: $400,000
- 3rd place: $220,000
- 4th place: $120,000
- 5th place: $60,000

The winning horse's connections will split that $1.2 million prize: 80% goes to the owners, while the trainer and jockey each take home 10%. Beyond the cash, the champion will also earn the legendary Woodlawn Vase—a stunning 36-inch, 30-pound trophy crafted from solid sterling silver by Tiffany & Co. It's a prize that symbolizes excellence in the sport and will look just as good in the winner's circle as it will in the history books.

Whether you're a seasoned racing fan or new to the sport, this year's Preakness promises to be a memorable race. Keep an eye on the underdogs—they might just surprise everyone.