The 1988 Preakness Stakes was the 113th running of the Preakness Stakes thoroughbred horse race. The race took place on May 21, 1988, and was televised in the United States on the ABC television network. Risen Star, who was jockeyed by Eddie Delahoussaye, won the race by one and one quarter lengths over runner-up Brian's Time. Approximate post time was 5:34 p.m. Eastern Time. The race was run over a fast track in a final time of 1:56-1/5.^[1] The Maryland Jockey Club reported total attendance of 88,654, this is recorded as second highest on the list of American thoroughbred racing top attended events for North America in 1988.^[2]

The 113th Preakness Stakes Payout Schedule

$2 Exacta: (4–7) paid $93.80

• Winning Breeder: Arthur B. Hancock III; (KY)
• Final Time: 1:56.20
• Track Condition: Fast
• Total Attendance: 86,106^[2]

• 1988 Kentucky Derby