Preakness Stakes was known as the Preakness Handicap. In March 2009 Magna Entertainment Corp., which owns Pimlico, filed for Chapter 11 bankruptcy thus throwing open the possibility the Stakes could move again. On April 13, 2009, the Maryland Legislature approved a plan to buy the Stakes and the Pimlico course if Magna Entertainment cannot find a buyer. Attendance at the Preakness Stakes ranks second in North America and usually surpasses the attendance of all other stakes races including the Belmont Stakes, the Breeders' Cup and the Kentucky Oaks. The attendance of the Preakness Stakes typically only trails the Kentucky Derby, for more
1973 Belmont Stakes at the Belmont track 253 feet, 2 inches from the finish line to mark the 31-length margin of victory. That day at Belmont Park $7.9 million was wagered on the nine races that were held during the day, which includes $2.2 million from off-track betting. A total of $5.6 million was bet through the mutuels that day. The Stakes itself had $519,689 bet on it. Bettors holding 5,617 winning parimutuel tickets on Secretariat never redeemed them, presumably keeping them as souvenirs and also because the $2 was worth $2.20. Through his combined victories at the Belmont Stakes, Preakness Stakes, and