Affably known as the Run for the Black-Eyed Susans — Maryland’s state flower —  the Preakness Stakes is one of the jewels of the horse racing calendar.

And although attendees in Baltimore won’t be able to see a prospective Triple Crown contender — Kentucky Derby winner Rich Strike is not participating in this year’s Preakness Stakes — it still represents one of the most exciting events in horse racing.

MORE: Rich Strike the rare Kentucky Derby winner to skip Preakness

Here’s a look at the purse and prize money breakdown for the 2022 Preakness Stakes.

What is the Preakness Stakes purse in 2022?

This year’s Preakness Stakes purse is $1.5 million. That’s a $500,000 increase on the $1 million purse shelled out in 2020 and 2021. In 2019, the Preakness Stake purse was a record total of $1.65 million.

How much money does the Preakness Stakes winner get?

The winner of the 2022 Preakness Stakes will receive $900,000, which is 60 percent of the total purse.

Prize money breakdown for Preakness Stakes 2022

MORE: Who will win the Preakness? Horses, odds, expert picks & more

Preakness Stakes prize money compared to other Triple Crown races