2026 Preakness Stakes: Start time, live stream, horses, odds, TV channel, where to watch annual race

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The second and shortest leg of the horse racing Triple Crown will take place on Saturday at the 2026 Preakness Stakes. For the first time since 1908, the Preakness Stakes will be held away from Pimlico Race Course, which is undergoing redevelopment. Instead, the race will take place at Laurel Park in Maryland.

The change of locale isn't the only thing noteworthy about this year's Preakness Stakes. This year's Kentucky Derby winner, Golden Tempo, will not participate in the race. That means there will not be a new Triple Crown winner this summer, leaving Justify as the most recent horse to accomplish that feat in 2018. It also marks the second year in a row -- and the third time in five years -- that the Kentucky Derby winner will skip the Preakness Stakes.

With Golden Tempo out of the mix, will we see another horse pull off a late charge at Laurel Park? There are 14 horses vying for the winner's circle, and there are a few clear favorites. Iron Honor enters as the favorite at 9/2, but Taj Mahal (5-1), Chip Honcho (5-1) and Incredibolt (5-1) aren't far behind. Ocelli, which finished third at Churchill Downs comes in with 6-1 odds.

The forecast calls for a picture perfect day with a high of 84 degrees and sunny skies in Laurel. It should be an exciting day of racing as a new Preakness Stakes winner is crowned.

Below is all you need for the 151st Preakness Stakes.

Where to watch the 2026 Preakness Stakes

Date: Saturday, May 16
Post time: 6:50 p.m. ET
Location: Laurel Park -- Laurel, Maryland
TV: NBC | Stream: Peacock (subscription required)

2026 Preakness Stakes odds, listed by post position

Odds via FanDuel

1. Taj Mahal (5-1)
2. Ocelli (6-1)
3. Crupper (30-1)
4. Robusta (30-1)
5. Talkin (20-1)
6. Chip Honcho (5-1)
7. The Well He Did (15-1)