The show is part of the People's Pink Party, a partnership between Pimlico and Susan G. Komen for the Cure, and takes place the same day as the Black-Eyed Susan Stakes.
The infield will open at 2 p.m. May 17, and the music will begin at 4 p.m. Tickets, which cost $25, are on sale March 15, and available by calling 877-206-8042 or at ticketfly.com. Two other performers will be announced shortly, organizers said.
While bands have performed on the Turfside Terrace during the Pink Party in previous years, this is the first time a large-scale infield concert has been held on Preakness Eve, according to Maryland Jockey Club President Tom Chuckas.
"Live music has always been a part of The People's Pink Party, and with the Goo Goo Dolls performance, the weekend is now positioned to be one of the most unique entertainment experiences anywhere," Chuckas said in a statement.
The Goo Goo Dolls have sold more than 10 million albums worldwide, and are about to release a new album, "Magnetic," on May 7. Pop star Pitbull and hip-hop duo Macklemore & Ryan Lewis will headline this year's Preakness InfieldFest.
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