Odds format
United States

How to Bet on the Preakness Stakes 2024 With DraftKings, FanDuel, Twinspires, and BetMGM

Here at oddschecker, we are bringing you all the information you need to bet on the 2024 Preakness Stakes, with the leading sportsbooks in the United States.
| 4 min read
Share to Facebook
Share to Twitter
Copy Link

How to Bet on the Preakness Stakes 2024 With DraftKings, FanDuel, Twinspires and BetMGM

It is time for the second leg of the Triple Crown, as bettors look to wager on the 2024 Preakness Stakes.

This is one of the most anticipated races of the year, following the Kentucky Derby, and all eyes will be on Mystik Dan, who will be looking to extend his chances of the Triple Crown into the Belmont Stakes in June.

Justify was the last horse to win the Triple Crown, who did it back in 2018, and he quickly followed up American Pharoah's feat in 2015. Before that, no other horse had achieved this since 1978, so it's certainly a rare achievement.

In 2024, there are more Horse Racing betting sites than ever, and bettors are spoilt for choice, as they look to bet on this weekend's race in Maryland.

Our favorites are FanDuel Racing and Twinspires, both of whom are offering incredible bonuses for new users.

Depending on your location, the latest FanDuel Racing promo code will see you claim from $20 to $500 in No Sweat Bets this weekend, so sign up today using this link to give yourself a shot at winning bigger!

Click our link and when you also enter the Twinspires Offer Code BET200, you can earn a $200 bonus at Pimlico this weekend.

You can bet on the Preakness Stakes in almost every state in the United States, here is a comprehensive list of where your state stands when it comes to Horse Racing betting.

  • Alabama - Yes
  • Alaska - No
  • Arkansas - Yes
  • Arizona - Yes
  • California - Yes
  • Colorado - Yes
  • Connecticut - Yes
  • Delaware - Yes
  • Florida - Yes
  • Georgia - No
  • Hawaii - No
  • Idaho - Yes
  • Illinois - Yes
  • Indiana - Yes
  • Iowa - Yes
  • Kansas - Yes
  • Kentucky - Yes
  • Louisiana - Yes
  • Maine - No
  • Maryland - Yes
  • Massachusetts - Yes
  • Michigan - Yes
  • Minnesota- Yes
  • Mississippi - No
  • Missouri - Yes
  • Montana - Yes
  • Nebraska - Yes
  • Nevada - No
  • New Hampshire - Yes
  • New Jersey - Yes
  • New Mexico - Yes
  • New York - Yes
  • North Carolina - No
  • North Dakota - Yes
  • Ohio - Yes
  • Oklahoma - Yes
  • Oregon - Yes
  • Pennsylvania - Yes
  • Rhode Island - Yes
  • South Carolina - No
  • South Dakota - Yes
  • Tennessee - Yes
  • Texas - No
  • Utah - No
  • Vermont - Yes
  • Virginia - Yes
  • Washington - Yes
  • West Virginia - Yes
  • Wisconsin - Yes
  • Wyoming - Yes

Betting Types for the Preakness Stakes

When it comes to Preakness Stakes, there are multiple different ways to bet on your favorite horses. Here are those betting types.

  • Win – A bet where the horse you selected must come in first.
  • Place (PLC) – Another bet this time where the horse you selected can finish in first or second.
  • Show (SHW) – With a Show bet, the horse you selected can finish in first, second, or third.
  • Win Place (WP) – Places a win and place bet in one bet.
  • Win Show (WS) – Places a win and show bet in one bet.
  • Place Show (PS) – Places a place and show bet in one bet.
  • Win Place Show (WPS) - Also known as “across the board”. Combines Win, Place, and Show into one bet.
  • Exacta (EX) – Correctly pick the first two finishers.
  • Trifecta (TRI) – Correctly pick the first three finishers.
  • Quinella (QU) – Select horses to come in first and second in any order.
  • Superfecta (SPR) – Correctly pick the first four finishers.
  • Super High 5 (SH5) - Correctly pick the first five finishers.

Betting Apps for the Preakness Stakes - Bet With DraftKings, FanDuel, BetMGM and More

Horse Racing betting apps were scarce a few years ago, but now your favorite sportsbooks are getting in on the action when it comes to betting on big horse races like the Preakness Stakes.

Let's look at the leading betting apps for this year's race, below:

How to Bet on the Preakness Stakes With DraftKings Racing App DK Horse

DK Horse is the relatively new horse racing betting platform from DraftKings, which has been up and running since last year's Kentucky Derby.

If you are in a live horse racing betting state, then chances are you can access the DK Horse app, and we absolutely recommend this as one of the better racing apps in 2024.

While DraftKings Racing will be one of the most popular betting apps this weekend, we think you are better off with the FanDuel Racing promo, which rewards you with a huge no sweat bet, or the Twinspires offer code that allows you to earn $200 in bonuses.

You can find out more about each of those below.

If you do want to sign up for DK Horse, then follow the steps below:

Click here to register for DraftKings

Download the DK Horse App

Log in and find the latest DraftKings Preakness Stakes odds.

That’s it, you will now have access to the latest DraftKings Preakness Stakes betting markets and odds.

How to Bet on the Preakness Stakes With FanDuel Racing - $500 No Sweat First Bet

If you are in a state where the standalone FanDuel Racing app is available, you can claim a $500 No Sweat First Bet this weekend.

These states are: AR, CA, DE, ID, FL, MN, MT, NH, NM, ND, OR, RI, SD, WA

It is an incredible time to sign up for a FanDuel Racing account, as you look to win bigger on both the Preakness Stakes and the Belmont Stakes in the coming weeks.

Follow the steps below to sign up now.

Click here to claim the $500 No Sweat First Bet from FanDuel Racing. If you are in a sportsbook state, you can still sign up, you will just receive a $20 No Sweat First Bet instead.

Now complete your registration

Deposit into your new FanDuel Racing account

Place your first real money wager on the Preakness Stakes

Your first bet is now protected up to $500 if you are in a state listed above, or $20 in a sportsbook state

Twinspires Offer Code: Get a $200 Bonus at the Preakness Stakes

With the Twinspires offer code, you are going to be rewarded for your betting this weekend. So if you were planning to bet big on the Preakness Stakes, then Twinspires is the place to do so.

That is because for every $400 you wager, Twinspires will reward you with $100, and you can claim a maximum bonus of $200 from this promotion.

Follow the steps below to sign up now.

CLICK HERE or on the offer button below to start your TwinSpires registration. When you go through our links, everything is set up for you to claim the bonus at the same time.

Complete your TwinSpires registration by following the steps presented on screen, and by using the BET200 TwinSpires offer code attached at the beginning of the process.

Make your first deposit, so you are ready to place your qualifying wagers at Pimlico, or any other race track this weekend

Now, for every $400 you spend on Horse Racing betting, you will receive a $100 bonus. Bet $800 and you will receive the full $200 bonus. This is an epic way to be rewarded for your Preakness Stakes betting this weekend

How to Bet on the Preakness Stakes With BetMGM Sportsbook, BetMGM Racebook

BetMGM Sportsbook are in on the Preakness Stakes action as well, as they have set up BetMGM Racebook, to compete with DraftKings and FanDuel.

The BetMGM Horse Racing is certainly one of the better horse racing platforms in 2024, but currently, it is only available in Florida, Louisiana, and Ohio, hence why they don't have as many users right now.

If you are in one of the three states above, then follow the guide below:

Click here to head to BetMGM horse racing

Register your details with BetMGM horse racing

Head to the Preakness Stakes odds market on BetMGM racing.


Tom Jacobs is the host of the Lost Fore Words golf podcast and has been writing betting articles on golf for the past decade. Tom also co-hosts the DP World Tour Picks & Bets show on the Mayo Media Network, so has his finger on the pulse on all the major Tours. A long-suffering Nottingham Forest fan, Tom also enjoys watching Soccer at the weekend, and was delighted to see his Forest team win promotion this season!


Almost there!

We are loading your bets, and they will be here in a second.