Pimlico Race Course
Pimlico Race Course is a historic thoroughbred horse racing facility in Baltimore, Maryland, founded in 1870. It has hosted the Preakness Stakes for 150 years and is undergoing a $400 million state-backed redevelopment as part of Maryland's thoroughbred racing consolidation plan.
- Company typePrivate
- Founded1870
- HeadquartersBaltimore, United States
- Headcount—
- GTM typeB2C
- OfferingServices
What Pimlico Race Course does
Pimlico Race Course is a historic thoroughbred horse racing facility located in Baltimore, Maryland, founded in 1870. For 150 years it served as the traditional home of the Preakness Stakes, one of the three legs of the U.S. Triple Crown, making it one of the most storied venues in American horse racing. The facility operates as a live horse racing and event venue serving individual racing enthusiasts, bettors, and live event attendees, with revenue derived from racing operations, on-site wagering, admissions, concessions, and event hosting.
The company is currently operating under a major state-orchestrated restructuring. In 2024, the State of Maryland acquired Laurel Park for $48.5 million as part of a plan to consolidate Maryland thoroughbred racing operations at Pimlico Race Course; Laurel Park is being converted from a live racing venue into a training facility. Pimlico itself is undergoing a $400 million redevelopment to serve as the consolidated flagship venue. Due to these renovations, the 2026 Preakness Stakes is being held at Laurel Park — the first time in 150 years the race will not be run at Pimlico and the first time at Laurel Park since 1912 — with attendance capped at 4,800.
The underlying industry is in structural decline, with 28 U.S. thoroughbred tracks having closed since 2000, and the company's near-term trajectory is shaped by the redevelopment timeline, state capital deployment, and the eventual relocation of flagship racing events back to a rebuilt Pimlico. No information on ownership structure, financial performance, management team, or specific product/service lines beyond the racing venue itself is disclosed in the available source material.
Pimlico Race Course firmographics
Firmographics- Name
- Pimlico Race Course
- Legal name
- Pimlico Race Course
- Website
- https://pimlico.com
- Company type
- Private
- Founded year
- 1870
- Operating status
- Operating
- Short description
- Pimlico Race Course is a historic thoroughbred horse racing facility in Baltimore, Maryland, founded in 1870. It has hosted the Preakness Stakes for 150 years and is undergoing a $400 million state-backed redevelopment as part of Maryland's thoroughbred racing consolidation plan.
- Ownership category
- akta.pro rank
Pimlico Race Course industry classification
Industry- Product category
- Horse Racing Venue
- NAICS
- Racetracks (711212), Horses and Other Equine Production (11292)
- SIC
- Services-Racing, Including Track Operation (7948)
- akta.pro primary industry
- Racetrack & Race Meeting Operations (MPAEADAA)
- akta.pro secondary industries
- Training, Stables & Equine Services (MPAEADAI), Racehorse Training & Conditioning Operations (AFAEAGAE)
Keywords
Where Pimlico Race Course is headquartered
LocationHeadquarters
- HQ city
- Baltimore
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Pimlico Race Course business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Marketing or Sales, Others
Pimlico Race Course product offering
Product offeringCore offering
Pimlico Race Course is a historic thoroughbred horse racing facility in Baltimore, Maryland, founded in 1870. It hosts major horse racing events including the Preakness Stakes, along with wagering operations and live event entertainment for racing enthusiasts.
Product overview
Pimlico Race Course is a historic horse racing facility in Baltimore, Maryland undergoing a $400 million redevelopment. The primary offering is the horse racing venue itself, which hosts the Preakness Stakes. No specific named products, modules, or distinct service offerings were identified in the available source data.
Differentiator
Problem solved
Functional benefit
Products and services
- Preakness Stakes Host Venue
- Thoroughbred Horse Racing Events
- On-Track Wagering Operations
Companies that use Pimlico Race Course
Customer profileSegments2 records
Ideal customer profiles1 record
Pimlico Race Course technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Pimlico Race Course partnerships and signals
Strategic signalScale indicators4 records
Recent moves5 records
Expansion highlights3 records
Pimlico Race Course competitors and assessment
Company assessmentDirect peers
- Churchill Downs Incorporated: Owner and operator of Churchill Downs, home of the Kentucky Derby and a Triple Crown venue. It is the most directly comparable US thoroughbred racetrack operator in scale, brand value, and event-driven economics to Pimlico Race Course.
- Del Mar Thoroughbred Club: Operates the Del Mar racetrack in California, hosting a premier summer meet with strong hospitality and tourism positioning. Comparable to Pimlico as a destination-style thoroughbred venue with concentrated seasonal race days and event-day revenue focus.
- Gulfstream Park: Florida thoroughbred and racino venue, also operated within the Stronach Group portfolio. Comparable to Pimlico as a year-round thoroughbred racing venue combining pari-mutuel wagering with casino/hospitality.
- Keeneland Association: Major Kentucky-based thoroughbred auction house and racetrack operating seasonal race meets and elite horse sales. Comparable to Pimlico as a high-prestige thoroughbred venue monetizing both racing events and year-round horse-related commerce.
- New York Racing Association (NYRA): Operates Belmont Park, Saratoga Race Course, and Aqueduct Racetrack, including the Belmont Stakes. NYRA is comparable to Pimlico as a major northeastern thoroughbred racing operator stewarding a Triple Crown venue under state/public oversight.
- Oaklawn Racing Casino Resort: Arkansas-based thoroughbred track and casino resort running a winter/spring meet. Comparable to Pimlico as a regional US thoroughbred venue integrating pari-mutuel racing with gaming and hospitality revenue streams.
- Maryland Jockey Club: Operator of Pimlico Race Course and previously Laurel Park in Maryland. Comparable to Pimlico as the franchise that runs the same Baltimore-based racing operations and is closely tied to the state's consolidation of thoroughbred racing.
Others
- The Jockey Club: Thoroughbred breed registry and industry organization that supports US thoroughbred racing infrastructure and the Triple Crown. Comparable as an ecosystem participant whose rules, registrations, and stewardship underwrite the racing product Pimlico monetizes.
Broad incumbents
- Penn Entertainment (formerly Penn National Gaming): Large US regional gaming and racing operator running racetrack-casino properties across multiple states. Comparable as a broad incumbent in the pari-mutuel and venue-based entertainment space encompassing, but not specializing in, Triple Crown-caliber thoroughbred venues.
- The Stronach Group / 1/ST Racing: Privately-held racing and entertainment company that operates multiple North American tracks including Santa Anita, Gulfstream Park, and historically Pimlico itself. It is comparable as a broader portfolio operator of thoroughbred venues sharing governance and racing calendars with Pimlico.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Pimlico Race Course social profiles
Digital presencePimlico Race Course financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pimlico Race Course leadership team
Management profileNumber of profiles
Pimlico Race Course funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pimlico Race Course M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pimlico Race Course
What does Pimlico Race Course do?
Pimlico Race Course is a historic thoroughbred horse racing facility in Baltimore, Maryland, founded in 1870. It hosts major horse racing events including the Preakness Stakes, along with wagering operations and live event entertainment for racing enthusiasts.
Is Pimlico Race Course a public or private company?
Pimlico Race Course is a private company. It is classified as unknown and is currently operating.
When was Pimlico Race Course founded?
Pimlico Race Course was founded in 1870.
Where is Pimlico Race Course based?
Pimlico Race Course is headquartered in Baltimore, United States, in the North America region.
Who are Pimlico Race Course's main competitors?
Direct peers on record are Churchill Downs Incorporated, Del Mar Thoroughbred Club, Gulfstream Park, Keeneland Association, New York Racing Association (NYRA), Oaklawn Racing Casino Resort and Maryland Jockey Club. The Jockey Club is listed as an others. Broad incumbents are Penn Entertainment (formerly Penn National Gaming) and The Stronach Group / 1/ST Racing.
Does Pimlico Race Course have an API?
No public API is recorded for Pimlico Race Course.
What industry is Pimlico Race Course in?
Pimlico Race Course's product category is Horse Racing Venue. Its primary akta.pro industry code is MPAEADAA, Racetrack & Race Meeting Operations, with a secondary code of MPAEADAI, Training, Stables & Equine Services. Its NAICS code is 711212 and its SIC code is 7948.