The Preakness Stakes is traditionally held on the third Saturday in May, two weeks after the Kentucky Derby.

The 2023 edition was scheduled for May 20, with a post time of 7:01 p.m. EDT and television coverage by NBC.

Preakness Weekend 2023 Graded Stakes Races, as detailed by Thoroughbred Owners and Breeders Association (TOBA), listed these races at Pimlico Race Course: May 19 2023 - three-year-old F SPR Division - Miss Preakness Stakes (a Grade 3 race on Black-Eyed Susan Stakes Day); May 20, 2023 - three-year-old R D Division - Preakness Stakes (Grade 1 race on Armed Forces Day).

[3] Reaching the 2023 Preakness Stakes Field is highly competitive and requires equestrian mental and physical readiness typically achieved by thoroughbred owners and breeders and their collaborative partnerships (e.g., Jockeys, sponsors, stables) at races that lead up to Preakness Weekend.

Mage, the Kentucky Derby winner and the only horse to come in the Preakness from the Derby, was named the 8-5 morning line favorite drawing post 3.