The Kentucky Derby came and went as it was expected. The overwhelming favorite, American Pharoah, came away with the win. The three-year old horse now heads into the Preakness Stakes as the favorite to go 2-for-2 in Triple Crown races. For those wanting to head to Pimlico Racetrack on May 16, ticket prices will be well below those at the Kentucky Derby.
On the secondary market, Preakness Stakes tickets have an average price of $250.08. Even with that relatively low cost, prices have gone up 34% since before the start of the Kentucky Derby. The average is also 29.4% above the price of last year’s Preakness, which was just $193.13. This year’s Kentucky Derby had an average price of $1159.43 on the secondary market, making the Preakness cost less than a quarter of the price on average.
While the Preakness does usually see a boost each year following the Derby, the stakes for the Preakness are not as high as the Derby or Belmont Stakes. The Kentucky Derby, obviously, its the biggest race of the three and the Belmont has the potential each year to see a Triple Crown winner. The Preakness sits in the middle as the gatekeeper between the hope of the Derby and history at the Belmont.
More than a month out, Belmont Stakes tickets have an average price of $471.72 on the secondary market. With American Pharoah winning the Derby, there does remain hope he can ride into Belmont with a chance to win the Triple Crown. No horse has accomplished the feat since Affirmed in 1978. Last year, California Chrome came close, winning the Derby and Preakness before finishing fourth at Belmont. Secondary market prices for the Belmont peaked at $474.51 following the Preakness before falling to $381.80 before post time.