The purse for the Preakness Stakes will now be worth a whopping $1.5 million! This is the first increase to the Preakness purse-the second leg of the Triple Crown-since 1998.
The Maryland Jockey Club announced the $500,000 increase to the purse on Thursday, which will take effect next year. According to USA Today Sports:
The Kentucky Derby has a purse of $2 million. The Belmont Stakes, the last leg of the Triple Crown, is worth $1 million.
I think this is good for the Preakness and for horse racing in general. This will help to bolster the popularity of the race in that state and on May 17th, 2014 the winner of the Preakness will have much to celebrate.
Your Jersey Girlfriend,