If you’re planning to bet on the 151st Preakness Stakes, choosing the right sportsbook or racebook can make a big difference. The best betting apps offer competitive odds, smooth live wagering, quick payouts, and bonus offers that can add extra value on race day.
Bettors can place wagers on Preakness Stakes odds online through licensed betting apps, at racetracks, or through off-track betting locations where available. For most players, mobile sportsbooks and horse racing apps provide the easiest and fastest way to lock in bets before the field heads to the gate.
To help you get ready for the 2026 Preakness Stakes at Laurel Park, we’ve rounded up the top horse racing betting sites and apps, where the race is legal to bet on in the U.S. and Canada, and what to know before placing your wagers.
Best Preakness Stakes betting sites & apps
You don't have to be at the track to bet on this exciting race hosted in Maryland. Caesars, FanDuel, and DraftKings offer horse racing odds in select states, and bet365 offers odds outside of the United States. These are the best options for betting on the Preakness Stakes on your phone or online:
| Betting App | Where is it legal? | Bonus |
|---|---|---|
 |
CO, IL, IN, KY, MD, NY, OH, VA, WV, WY, NV, which also includes the William Hill app in NV | Claim 10 100% Boosts With 'COVERSBONUSDYW' |
 |
AZ, CO, IL, IN, LA, MD, MA, MI, MO, NY, OH, PA, VA, WV, WY | $150 Bonus Bets |
 |
FL, LA, MT, NH, NM, OH, OR, RI (+ more select states) | Claim $100 |
 |
Canada*  |
$50 or $1,000 Bonus Bets |
*Promotions not available in Ontario, Canada.
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Betting on the Preakness Stakes at Caesars
Bet $1, Get 10 100% Profit Boosts
Code: COVERSBONUSDYW
You can place Preakness Stakes bets through the Caesars Sportsbook app in Colorado, Illinois, Indiana, Kentucky, Maryland, New York, Ohio, Virginia, West Virginia, Wyoming, and Nevada.
The Caesars Sportsbook promo code COVERSBONUSDYW unlocks one of the more appealing welcome offers available for new users betting on the Preakness Stakes. After signing up and making a minimum deposit of $10, all you need to do is place a qualifying first wager of at least $1 to receive 10 100% Profit Boost tokens, no matter the outcome of that opening bet. Each token can be used on wagers up to $25, giving bettors the chance to double their net winnings across 10 separate bets.
For example, if you place a $25 win bet on a Preakness contender at +500 odds, a standard winning ticket would return $125 in profit. Applying a 100% Profit Boost doubles those winnings to $250. The boost tokens can also be valuable when betting exactas, trifectas, or other exotic wagers that often produce larger payouts during major horse racing events.
Here are a few important terms to know before claiming the offer:
- You must enter promo code COVERSBONUSDYW during registration
- Your first wager must be a qualifying bet of at least $1
- Boost tokens cannot be used on wagers priced at odds of -500 or shorter
- Profit Boost tokens, Reward Credits, bonus bets, Super Boosts, and Round Robin wagers do not count as qualifying first bets
- Your qualifying first wager must be placed within 30 days of creating your account
- The maximum wager per boost token is $25
If your first bet does not meet the promotion requirements, you will lose eligibility for the offer, so it’s important to review the terms carefully before placing that opening wager.
Betting on the Preakness Stakes at FanDuel
Bet $5, Get $150 If It Wins
New bettors who register for a FanDuel Sportsbook account in a legal state can score $250 in bonus bets after placing just a $5 first wager on any sport, including the Preakness Stakes, in Arizona, Colorado, Illinois, Louisiana, Maryland, Massachusetts, Michigan, Missouri, New York, Ohio, Pennsylvania, Virginia, West Virginia, and Wyoming.
The good news for horse racing fans is that no FanDuel promo code is required to claim this welcome offer. Simply sign up for a new account, deposit at least $5, and place your first real-money wager on any eligible market, including the Preakness Stakes. If your opening $5 bet wins, FanDuel will add $250 in bonus bets to your account within 72 hours after the wager settles.
With a competitive field expected at Pimlico, there are several ways bettors can take advantage of the promotion. A simple win bet on the race favorite could turn a small first wager into both cash winnings and a sizeable bonus bet bankroll. More experienced horseplayers may also choose to use the bonus bets on exactas, trifectas, or other exotic wagers that often generate larger payouts during major racing events.
There are a few important terms to know before claiming the offer. Bonus bets expire seven days after they are issued and come with a one-time playthrough requirement before any winnings can be withdrawn. It’s also important to remember that bonus bet stakes are not returned with winnings. For example, if you use a $100 bonus bet on a wager at +100 odds, you would receive $100 in withdrawable winnings rather than $200.
Betting on the Preakness Stakes at DraftKings
Bet $5, Get $100 Instantly
Betting on the Preakness Stakes at bet365
Bet $10, Get $50 or a $1K First Bet*
The bet365 bonus code offer is easy for new bettors to claim. Simply deposit at least $10, place a qualifying wager of $10 or more, and receive $50 in bonus bets regardless of whether your first bet wins or loses. New users in Canada must enter promo code COVERS365 during registration to activate the offer.
Using the Preakness Stakes as an example, a bettor could place their $10 qualifying wager on the race favorite to win at Pimlico. If the horse delivers, you collect your winnings while still receiving the $50 in bonus bets. If your selection comes up short, the bonus bets are still credited to your account, giving you extra opportunities to wager on upcoming races or other sports markets.
The offer can be especially appealing during a major horse racing event like the Preakness, where bettors often spread action across win, place, show, exacta, and trifecta markets. Those extra bonus bets provide added flexibility to explore different betting strategies throughout race weekend.
Here are the key terms and conditions to know before claiming the promotion:
- Available to new customers only, with a minimum $10 deposit required
- Qualifying wagers must include at least one selection priced at odds of -500 or longer
- The promotion must be claimed through the bet365 app within 30 days of registration
- Qualifying wagers must settle within 30 days of claiming the offer
- Bonus bets are non-withdrawable, and the stake is not included in any winnings
- Bonus bets expire seven days after being credited to your account
- Cashed-out bets, pushes, and no-action wagers do not qualify toward the promotion requirements
With competitive odds and a variety of horse racing markets available, bet365 gives new users plenty of ways to get involved with the Preakness Stakes while taking advantage of bonus bets for future wagers.
*Promotion not available in Ontario, Canada.
Where can you legally bet on the Preakness Stakes?
United States
Preakness Stakes betting is legal in many states through licensed sportsbooks and racebooks like Caesars, DraftKings, and FanDuel. Availability depends on local gambling laws.
Canada & International
Outside North America, availability varies by country, but many global sportsbooks offer horse-racing betting markets. Canadian bettors can wager on the Preakness Stakes through platforms like bet365 or pari-mutuel services such as HPIbet.
Where to place a bet on the Preakness Stakes
There are two main ways to bet on the Preakness Stakes: in person at a racetrack or racebook, or online through a betting app like FanDuel Racing.
Online💻
Most U.S. states and all Canadian provinces allow legal online horse racing betting. To get started, you’ll need to sign up with a racebook, deposit funds, and then browse available races. From there, you can sort by track, race number, horse, and bet type before placing your wager.
In-person 🏟️
If you’re betting at the track, you’ll need cash in hand and be ready with the key details: track name, race number, horse number, and the type of bet you want to place.
Where to bet on the Preakness Stakes
Online betting apps like FanDuel, DraftKings, Caesars and bet365 are the most convenient and widely used options.
Yes, Canadian bettors can use platforms like bet365 or pari-mutuel services.
No, you can bet from anywhere with legal access to a sportsbook or racebook.
FanDuel, DraftKings, Caesars, TVG, and bet365 all offer Preakness Stkaes wagering.
