PatentsUSA
Maryland Allocates $85 Million to Acquire Preakness Stakes and Black-Eyed Susan IP Rights
State exercises first right of refusal to secure iconic horse racing trademarks, preserving cultural and economic heritage
Maryland is investing $85 million to obtain intellectual property rights for the Preakness Stakes and Black-Eyed Susan, matching a prior bid from Churchill Downs. The acquisition, funded through a tax-exempt bond, aims to protect the state's horseracing legacy and reduce future licensing costs.