Can You Bet on the Preakness Stakes 2026 with DraftKings, FanDuel, and More?

Can You Bet on the Preakness Stakes 2026 with DraftKings, FanDuel, and More?

The 2026 Preakness Stakes takes place today, and with major sportsbooks expanding deeper into horse racing, many bettors are asking: Can you bet on the Preakness Stakes with DraftKings, FanDuel, BetMGM, and other major operators?

Yes - but the platform you use depends on your state and the racing product each sportsbook supports.

DraftKings, FanDuel, BetMGM, and TwinSpires all offer legal Preakness wagering, but the apps differ by state, and the bonuses vary significantly. Below, we break down how each operator handles Preakness betting, which states are eligible, and which promos offer the best value for Preakness weekend.

DraftKings: Can You Bet the Preakness Stakes?

DraftKings now operates two separate horse racing products:

• DraftKings Racing (integrated inside the DraftKings Sportsbook app)
• DK Horse (a standalone horse racing app)

Both platforms support full pari‑mutuel wagering on the Preakness Stakes, but availability depends on your state.

Where Is DraftKings Racing Legal?

As of 2026, DraftKings Racing is live in nine states:

• Delaware
• New Mexico
• Rhode Island
• Florida
• Louisiana
• Montana
• New Hampshire
• Ohio
• Oregon

In all other racing‑legal states, bettors must use DK Horse.

DraftKings Sportsbook Promo Code: Bet $5, Get $100 Instantly

While DK Horse is required for Preakness wagering, the DraftKings Sportsbook welcome bonus offers far more value - and in DraftKings Racing states, your wallet is shared across both products.

Step One: CLICK HERE or head to DraftKings and register a new account

Step Two: Deposit $5 or more

Step Three: Place a $5 bet on any sportsbook market

Step Four: Whether your bet wins or loses, Receive $100 in Bonus Bets instantly

Important: Bonus Bets must be used on sports, not horse racing - but in DraftKings Racing states, your wallet is shared.

FanDuel: Can You Bet the Preakness Stakes?

Yes. FanDuel offers Preakness wagering through FanDuel Racing, which is live in 30+ states, including:

Arizona, Colorado, Connecticut, Iowa, Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Michigan, New York, Ohio, Pennsylvania, Virginia, West Virginia, Wyoming, and more.

FanDuel Racing Welcome Offer

Bet $5, Get $25 Racing Bonus

Better Value: FanDuel Sportsbook Promo

Bet $5, Get $250 (If Your Bet Wins)

How to claim:

1. CLICK HERE or visit FanDuel
2. Deposit $5
3. Bet $5
4. If it wins → get $250 in Bonus Bets

Sportsbook Bonus Bets cannot be used on racing.

BetMGM: Can You Bet the Preakness Stakes?

BetMGM offers horse racing through the BetMGM Horse Racing app - but only in:

• Florida
• Louisiana
• Ohio

BetMGM Horse Racing Welcome Offer

None - BetMGM Racing does not offer a new‑customer bonus.

Better Value: BetMGM Sportsbook Promo

First Bet Insurance Up to $1,500

How to claim:

1. CLICK HERE or Visit BetMGM and enter code OCMAX1500
2. Deposit $10–$1,500
3. Place your first bet
4. If it loses → refunded in Bonus Bets (up to $1,500)

TwinSpires: Can You Bet the Preakness Stakes?

Yes. TwinSpires is one of the most trusted racebooks in the U.S. and operates in most racing‑legal states.

TwinSpires Welcome Offer

• CLICK HERE to Earn $100 bonus for every $400 wagered
• Up to $200 total
• Must wager $800 within 30 days

2026 Preakness Stakes Odds

Here are the latest odds for Preakness 151:

• Incredibolt +500
• Iron Honor +500
• Taj Mahal +500
• Chip Honcho +600
• Ocelli +600
• Napoleon Solo +1000
• Talkin +1400
• Great White +2000
• The Hell We Did +2500
• Corona De Oro +2500
• Pretty Boy Miah +2500
• Robusta +4000
• Bull By The Horns +5000
• Crupper +5000

Preakness Stakes 2026 FAQs

Can I bet the Preakness Stakes with DraftKings?

Yes - through DraftKings Racing (in eligible states) or DK Horse.

Can I use DraftKings Sportsbook Bonus Bets on horse racing?

No. Bonus Bets must be used on sports.

Can I bet the Preakness with FanDuel?

Yes - through FanDuel Racing.

Does BetMGM offer Preakness wagering?

Yes - but only through the BetMGM Horse Racing app in FL, LA, and OH.

Which app is best for Preakness betting?

• DK Horse → Best for DraftKings users
• FanDuel Racing → Best for beginners
• TwinSpires → Most trusted racebook
• Sportsbook promos → Best overall bonus value