Story perspectives

Maryland Allocates $600 M for Preakness as Series Excludes Race

8/9/2026

Summary

Story summary

Maryland state officials approved almost $600 million in tax dollars—exceeding half a billion—to rebuild Pimlico Race Course, upgrade Laurel Park, and purchase the Preakness Stakes rights.
Churchill Downs Inc. and the New York Racing Association announced a six-race series that excludes the Preakness.
Maryland leaders said they first learned of the series after its Monday announcement.
Industry observers say waning interest in thoroughbred racing makes the future of the Preakness uncertain.

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Story summary

Maryland state officials approved almost $600 million in tax dollars—exceeding half a billion—to rebuild Pimlico Race Course, upgrade Laurel Park, and purchase the Preakness Stakes rights.
Churchill Downs Inc. and the New York Racing Association announced a six-race series that excludes the Preakness.
Maryland leaders said they first learned of the series after its Monday announcement.
Industry observers say waning interest in thoroughbred racing makes the future of the Preakness uncertain.