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Pimlico Race Course

Full company profile

uuid0033fym

Namestring
Pimlico Race Course
Legal namestring
Pimlico Race Course
Websiteurl
pimlico.com
Company typeenum
Private
Founded yearint
1870
Descriptiontext

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.

Short descriptiontext

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.

Operating statusenum
Operating
Ownership categoryenum
akta.pro rankint
HeadquartersBaltimore, United States
HQ citystring
Baltimore
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
horse racing venue, thoroughbred racing, live racing events, stakes race hosting, racing entertainment
Industry3 codes
1Racetrack & Race Meeting Operations
CodeMPAEADAAPrimaryYes
2Training, Stables & Equine Services
CodeMPAEADAIPrimaryNo
3Racehorse Training & Conditioning Operations
CodeAFAEAGAEPrimaryNo
NAICS code2 codes
  • Racetracks711212
  • Horses and Other Equine Production11292
SIC code1 code
  • Services-Racing, Including Track Operation7948
Product category
Horse Racing Venue
Social media profiles1 record
Cost components5 values
Infrastructure, Operations, Personnel, Marketing or Sales, Others
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

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.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

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.

Product and service3 records
1Preakness Stakes Host Venue
CategoryLive Racing Event
2Thoroughbred Horse Racing Events
CategoryLive Racing Events
3On-Track Wagering Operations
CategoryWagering Services
Scale indicator4 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
1Churchill Downs Incorporated
TypeDirect peer
Description

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.

2The Jockey Club
TypeOthers
Description

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.

3Del Mar Thoroughbred Club
TypeDirect peer
Description

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.

4Gulfstream Park
TypeDirect peer
Description

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.

5Keeneland Association
TypeDirect peer
Description

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.

6New York Racing Association (NYRA)
TypeDirect peer
Description

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.

7Oaklawn Racing Casino Resort
TypeDirect peer
Description

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.

8Penn Entertainment (formerly Penn National Gaming)
TypeBroad incumbent
Description

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.

9The Stronach Group / 1/ST Racing
TypeBroad incumbent
Description

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.

10Maryland Jockey Club
TypeDirect peer
Description

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.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Pimlico Race Course

Horse Racing Venuepimlico.com

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.

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

  • Horse racing venue
  • Thoroughbred racing
  • Live racing events
  • Stakes race hosting
  • Racing entertainment

Where Pimlico Race Course is headquartered

Location

Headquarters

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 offering

Core 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 profile

Segments2 records

Ideal customer profiles1 record

Pimlico Race Course technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Pimlico Race Course partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Pimlico Race Course competitors and assessment

Company assessment

Direct 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 presence

Pimlico Race Course financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Pimlico Race Course leadership team

Management profile

Number of profiles

Pimlico Race Course funding detail

Funding detail

Funding 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 investment

M&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.

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Live signals
Capital Gazette‘We’re sitting on a gem’: Baltimore tourism leaders hail Preakness changesConstruction and upgrade works are ongoing at Pimlico Race Course in Baltimore, where the Preakness Stakes are held. Baltimore's tourism leaders view the expanded Preakness weekend as a chance to boost visitors and local spending amid challenges. The article discusses the potential economic impact of the event but notes ongoing hurdles.Capital GazetteMaryland’s multimillion dollar Preakness bet tested by new racing seriesMaryland is investing nearly $600 million in upgrades to Pimlico Race Course and the Preakness Stakes, a move currently threatened by the race's exclusion from a new national championship series. Experts are divided on whether this exclusion undermines the event's long-term economic value despite the significant state investment. The controversy has prompted related strategic moves, such as Churchill Downs considering the sale of Ocean Downs.Capital GazetteMoore admin says it learned of Preakness’ exclusion in new series with publicOfficials expressed surprise at the announcement of a new Thoroughbred Championship Series, which has excluded the Preakness Stakes from its lineup. This exclusion impacts the iconic horse race, traditionally held at Pimlico Race Course in Baltimore. The decision could have broader implications for the future of horse racing events in the region.NBC SportsWhy is the 2026 Preakness Stakes at Laurel Park? Why is Pimlico Race Course closed?The 2026 Preakness Stakes will be held at Laurel Park for the first time in 118 years, as Pimlico Race Course closes for a $400 million redevelopment. Laurel Park will host the race for one year before Pimlico reopens in 2027. Churchill Downs announced it will purchase the Preakness's intellectual property for $85 million.CDC Gaming ReportsLaurel Park waited 114 years for the Preakness. It may be a farewell as much as a debut – CDC GamingLaurel Park in Maryland is hosting the Preakness Stakes for the first time in 114 years, marking what may be the track's final event before its conversion to a training facility under a state plan consolidating thoroughbred racing at Pimlico Race Course. The state of Maryland acquired Laurel Park for $48.5 million in 2024 as part of this reorganization, with Pimlico undergoing a $400 million redevelopment. The article contextualizes this within the broader contraction of horse racing nationally, noting that 28 thoroughbred tracks have closed since 2000 and attendance caps at 4,800 for this year's race.CBS NewsMeet the outriders who keep horses and riders safe during Maryland's Preakness StakesOutriders at Maryland horse tracks protect horses and riders, with KayMarie Kreidel known for capturing a runaway horse during the 2019 Preakness. She works at Laurel and Pimlico, wearing a red vest, and reports that outriders are often first to injured riders. Her job is a passion, not a profit, as she earned only $669 last year.United Press InternationalSeize the Grey wins Preakness Stakes; Mystik Dan secondSeize the Grey won the Preakness Stakes at Pimlico Race Course, denying Kentucky Derby winner Mystik Dan a chance at the Triple Crown. The victory was achieved by trainer D. Wayne Lukas and jockey Jaime Torres, representing a large group of microshare owners.BenzingaThe Preakness Stakes 2023 Preview: Can Mage Make Magic (Again), Betting Odds, Where To Watch ItThe 2023 Preakness Stakes at Pimlico Race Course features only Kentucky Derby winner Mage returning, marking the first time since 1948 that a single Derby horse contests the second leg of the Triple Crown. The preview discusses horse Nacional Treasure, betting strategies, and the controversial return of trainer Bob Baffert, who is banned from Churchill Downs but has an entry in the Maryland race. The article also references ongoing controversies in thoroughbred racing, including horse deaths at Churchill Downs, Forte's late Derby scratch, and ongoing concerns about drug usage in the sport.BloodhorseCampbell Meets Mean Mary in Gallorette Winner's CircleMean Mary, a thoroughbred horse trained by H. Graham Motion and owned by Alex G. Campbell, Jr., won the $148,500 Gallorette Stakes (G3T) at Pimlico Race Course on May 15. This victory marked the horse's successful comeback from a layoff and was notable for being her first race without the anti-bleeding medication Lasix, which is now prohibited in major racing jurisdictions including Maryland and Kentucky. Trainer Motion indicated that Mean Mary may target future Grade 2 or Grade 1 stakes races such as the New York Stakes or the Beverly D. Stakes.