The Preakness Stakes is a prestigious horse race held annually in Baltimore, Maryland. It is the second leg of the Triple Crown, following the Kentucky Derby and preceding the Belmont Stakes. The race typically takes place on the third Saturday in May and features three-year-old thoroughbreds competing for a significant purse. The Preakness is known for its distinctive black-eyed susan blanket awarded to the winner. The event attracts thousands of spectators and is celebrated for its festive atmosphere, including live music and various activities. It has a rich history, first run in 1873, making it one of the oldest horse races in the United States.