Preakness Stakes Betting: You Can Place Legal Horse Racing Bets On Your Phone In 33 States

Posted By Matt Burke on May 14, 2021

The Preakness Stakes is coming up quickly as we get deeper into the spring. The annual “Run for the Black-Eyed Susans” will be held this year on Saturday, May 15. One of the biggest horse races of the year in the US, the Preakness is also one of the most wagered-on events on the sports calendar. This year’s big race at Pimlico should garner more betting interest than last year’s race, which was pushed to October due to the COVID-19 pandemic. Also, online Preakness Stakes betting is now legal in 33 states if you bet with TVG. Bet on the 2021 Preakness Stakes at TVG by signing up here and you’ll get a Risk-Free bet up to $300.

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Best horse race betting apps for the Preakness Stakes

App / SiteiOSAndroidBonus
TVGYesYes$300 Risk-Free Bet
TwinspiresYesYes100% up to $100
BetAmericaYesYes$100 bonus on $500 wager

How to sign up and bet on the Preakness Stakes online

Online Preakness Stakes betting is simple when you use TVG. Here are the steps:

  • Sign up: Sign up at TVG by going here and you’ll get a Risk-Free bet up to $300.
  • Create account: TVG will ask for basic info upon sign up as you’ll need to provide your name, address, phone number, date of birth and last four digits of your social security number. You’ll also need to create a user name and password to start betting.
  • Deposit funds: The more money you deposit, the higher your Risk-Free bet will be. For instance, if you deposit $200 your Risk-Free bet will also be $200. This maxes out at $300. Deposit options are plentiful at TVG as it accepts Debit/Credit Cards, echeck, PayPal, TVG Prepaid Card, PayNearMe, Green Dot MoneyPack, check/money order and Wire Transfer. You can also deposit at brick-and-mortar race tracks in California, Illinois, Iowa, Kentucky, Massachusetts, New Jersey and Washington.

ALSO READ: Preakness Stakes picks and betting strategy

How to watch and wager on the Preakness Stakes

Betting on the Preakness Stakes is simple once you’ve set up your account. Look for the track listing for Pimlico and the race number for the Preakness at the TVG website. Bet on the horse(s) you like by making a bet to win, place or show. You can also take into consideration exacta, trifecta, superfecta and super high five bets.

Click on the odds you like and create a bet slip. To look at live Preakness odds and bet on the horse race now check out our complete race guide.

The 2021 Preakness Stakes will take place on Saturday, May 15. Post time is set for 5:45 p.m. ET and the race will be broadcast live on NBC.

States where you can bet on the Preakness

Here are the states where you are eligible to sign up for a TVG account.

Arizona Sportsbooks
Colorado Sportsbooks
Connecticut Sportsbooks
Illinois Sportsbooks
Indiana Sportsbooks
Michigan Sportsbooks
New Hampshire
New Jersey Sportsbooks
New Mexico
New York Sportsbooks
North Dakota
Ohio Sportsbooks
Pennsylvania Sportsbooks
Rhode Island
South Dakota
Virginia Sportsbooks
West Virginia

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Written by
Matt Burke

Matt Burke is the Sports Editor and Head of Evergreen/SEO Content at He is the Founder and former Editor-in-Chief of MetroBet, a digital and print sports betting platform, and was the Executive Sports Editor at Metro US Newspapers (New York, Philadelphia, Boston) from 2014-2020. Matt has covered Super Bowls and Final Fours, and his work has appeared for Sports Illustrated, CBS Sports, the Eagle Tribune, Gloucester Daily Times and Newburyport Daily News. Matt is a graduate of the University of Connecticut.

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