Kentucky Derby Vs. Preakness Payouts: Past Winners, Exactas, Trifectas, Superfectas

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Written By Giovanni Shorter | Last Updated
Preakness Stakes Vs. Kentucky Derby Payouts

The Preakness Stakes sends many horse racing bettors in search of large payouts. However, it is important to note winning bets from Preakness odds have generally paid much less than Kentucky Derbies. Because the Derby traditionally features 20 horses and the Preakness Stakes maxes out at 14, the payouts on win bets, exactas, trifectas, and superfectas have differed greatly.

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How horse racing Payouts are calculated

With betting in horse racing, the payout is based on parimutuel wagering. Parimutuel wagering works as a betting pool where winning bettors share the pot after the track takes out a percentage for operating it. The more bettors wager on a particular horse, the less each bettor would cash if the horse wins.

Kentucky Derby Vs. Preakness Win Bet Payouts

YEARKY Derby Winner$2 Win Bet Preakness Winner$2 Win Bet
2024Mystik Dan 18/1$39.22
2023Mage 15/1$32.42National Treasure 5/2$7.80
2022Rich Strike 80/1$163.60Early Voting 7/2$13.40
2021Medina Spirit 12/1$26.20Rombauer 11/1$25.60
2020Authentic 8/1$18.80Swiss Skydiver 11/1$25.40
2019Country House 30/1$132.40War of Will 6/1$14.20
2018Justify 5/2$7.80Justify 1/2$2.80
2017Always Dreaming 9/2$11.40Cloud Computing 13/1$28.80
2016Nyquist 5/2$6.60Exaggerator 13/5$7.20
2015American Pharoah 3/1$7.80American Pharoah 4/5$3.80
2014California Chrome 5/2$7.00California Chrome 1/2$3.00

Favorites That Win Pay Less In Preakness

Most bettors wager on the favorite. So if there are fewer horses, even more bettors may lean in on betting on the favorite. This has historically been true with Preakness bettors being drawn to the Kentucky Derby winner. However, a Derby winner has not won the Preakness since Justify in 2018, one of only three to win the first two legs of the Triple Crown since 2014.

When a Derby winner also wins the Preakness, it leads to a small payout.

Kentucky Derby Vs. Preakness Stakes Exacta Payouts

YEARKY Derby $2 ExactaPreakness $2 Exacta
2024$258.56
2023$330.44$31.80
2022$4,101.20$25.80
2021$503.60$98.60
2020$41.00$75.60
2019$3,009.60$947.00
2018$69.60$27.40
2017$336.20$98.40
2016$30.80$88.40
2015$72.60$124.40
2014$340.00$18.20

Kentucky Derby Vs. Preakness Stakes Trifecta Payouts

YEARKY Derby $1 TrifectaPreakness $1 Trifecta
2024$1,113.84
2023$982.36$24.20
2022$14,870.70$66.50
2021$1,696.90$162.70
2020$655.90$1,205.70
2019$11,475.30$4,699.80
2018$141.40$148.30
2017$8,207.20$1,097.30
2016$173.40$73.10
2015$202.00$492.50
2014$3,424.60$38.00

Kentucky Derby Vs. Preakness Superfecta Payouts

YEARKY Derby $1 SuperfectaPreakness $1 Superfecta
2024$8,254.00
2023$15,643.65$72.40
2022$321,500.10$162.90
2021$9,456.40$1,025.50
2020$7,925.80$5,053
2019$51,400.10$51,924
2018$19,618.20$372.50
2017$75,974.50$8,162.80
2016$542.10$317.00
2015$634.10$1,906.90
2014$7,691.90$173.80

How Many Favorites Hit The Board?

Many things factor into the final payout in exotics. If a longshot wins the Preakness, the payout could still be higher than if the favorite wins the Kentucky Derby, but to really get big payouts in the Preakness, the favorite and/or second favorite needs to run off the board (outside the top three).

2024 Kentucky Derby Payouts

Mystik Dan was the winner and rewarded bettors nicely across Kentucky Derby payouts. The thoroughbred had 18/1 odds to win and, on a $2 wager, paid out $39.22.

Bettors who bet the horse to place took home $16.32 and how bets returned $10.

Bettors who cashed the exacta won $258.56 on a $2 wager. The trifecta, which includes the third-place horse, won $1,113.84 on a $1 wager. And the superfecta, which is the correct order for the first four horses, paid out $8,254.00 on a $1 bet.

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