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League: Horse RacingSport: Horse RacingCountry: GlobalCategory: Breaking News

Maryland matches Churchill Downs' offer for Preakness Stakes ownership

Yahoo Sports • 1 min read • Latest: Jun 18, 2026, 10:01 PM

Last updated Jun 18, 2026

Summary

Maryland has matched Churchill Downs' $85 million offer for the Preakness Stakes intellectual property as reported on June 18, 2026. Maryland Governor Wes Moore announced the decision, emphasizing the importance of the race to the state's history and economy. The move secures the Preakness Stakes for Maryland and aims to enhance the fan experience while ensuring the state's influence in the Triple Crown series. Churchill Downs had originally proposed the acquisition in April 2026. This situation continues to develop as it represents a significant decision regarding the future of the iconic race.

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Latest Updates
  • •Maryland matched an $85 million bid from Churchill Downs
  • •Governor Wes Moore confirmed the state's decision on June 18, 2026
  • •The Preakness Stakes is the second leg of the Triple Crown
  • •The race has historical significance for Maryland's culture and economy
  • •Churchill Downs made the initial offer in April 2026
Latest Updates
  • 10:01 PMYahoo Sports — Maryland matches Churchill Downs' $85 million offer for Preakness Stakes
  • 9:52 PMYahoo Sports — Maryland matches Churchill Down's $85 million offer for Preakness Stakes
What they're saying
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The Louisville-based company entered into a definitive agreement to acquire the Preakness Stakes for $85 million, according to previous reporting.

"

The Louisville-based company entered into a definitive agreement to acquire the Preakness Stakes for $85 million, according to previous reporting.

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