Kentucky Derby

In 1872, Col. Meriwether Lewis Clark, Jr., grandson of William Clark of the Lewis and Clark expedition, traveled to England, visiting Epsom in Surrey where The Derby had been running annually since 1780. From there, Clark went on to Paris, France, where in 1863, a group of racing enthusiasts had formed the French Jockey Club and had organized the Grand Prix de Paris at Longchamp, which at the time was the greatest race in France.

Returning home to Kentucky, Clark organized the Louisville Jockey Club to raise money for building quality racing facilities just outside the city. The track would soon become known as Churchill Downs, named for John and Henry Churchill, who provided the land for the racetrack. Officially, the racetrack was incorporated as Churchill Downs in 1937.

The Kentucky Derby was first run at 1 1/2 miles (12 furlongs; 2.4 km) the same distance as the Epsom Derby. The distance was changed in 1896 to its current 1 1/4 miles (10 furlongs; 2 km). On May 17, 1875, in front of an estimated crowd of 10,000 people, a field of 15 three-year-old horses contested the first Derby. Under jockey Oliver Lewis, a colt named Aristides, who was trained by future Hall of Famer Ansel Williamson, won the inaugural Derby. Later that year, Lewis rode Aristides to a second-place finish in the Belmont Stakes.

Although the first race meeting proved a success, the track ran into financial difficulties and in 1894 the New Louisville Jockey Club was incorporated with new capitalization and improved facilities. Despite this, the business floundered until 1902 when Col. Matt Winn of Louisville put together a syndicate of businessmen to acquire the facility. Under Winn, Churchill Downs prospered and the Kentucky Derby then became the preeminent stakes race for three-year-old thoroughbred horses in North America.

Thoroughbred owners began sending their successful Derby horses to compete later in the Preakness Stakes at the Pimlico Race Course, in Baltimore, Maryland, followed by the Belmont Stakes in Elmont, New York. The three races offered large purses and in 1919 Sir Barton became the first horse to win all three races. However, the term Triple Crown didn't come into use for another eleven years. In 1930, when Gallant Fox became the second horse to win all three races, sportswriter Charles Hatton brought the phrase into American usage. Fueled by the media, public interest in the possibility of a "superhorse" that could win the Triple Crown began in the weeks leading up to the Derby. Two years after the term was coined, the race, which had been run in mid-May since inception, was changed to the first Saturday in May to allow for a specific schedule for the Triple Crown races. Since 1931, the order of Triple Crown races has been the Kentucky Derby first, followed by the Preakness Stakes and then the Belmont Stakes. Before 1931, eleven times the Preakness was run before the Derby. On May 12, 1917, and again on May 13, 1922, the Preakness and the Derby were run on the same day. On eleven occasions the Belmont Stakes was run before the Preakness Stakes.

On May 16, 1925, the first live radio broadcast of the Kentucky Derby was originated by WHAS and was also carried by WGN in Chicago. On May 7, 1949, the first television coverage of the Kentucky Derby took place, produced by WAVE-TV, the NBC affiliate in Louisville. This coverage was aired live in the Louisville market and sent to NBC as a kinescope newsreel recording for national broadcast. On May 3, 1952, the first national television coverage of the Kentucky Derby took place, aired from then-CBS affiliate WHAS-TV. In 1954, the purse exceeded $100,000 for the first time. In 1968, Dancer's Image became the first horse to win the race and then be disqualified, after traces of phenylbutazone—an analgesic and anti-inflammatory drug—were found in the horse's urinalysis; Forward Pass won after a protracted legal battle by the owners of Dancer's Image (which they lost). Forward Pass thus became the eighth winner for Calumet Farm. Unexpectedly, the regulations at Kentucky thoroughbred race tracks were changed some years later, allowing horses to run on phenylbutazone. In 1970, Diane Crump became the first female jockey to ride in the Derby, finishing 15th aboard Fathom.

The fastest time ever run in the Derby was set in 1973 at 1:59.4 minutes, when Secretariat broke the record set by Northern Dancer in 1964. Not only has Secretariat's record time yet to be topped, in the race itself, he did something unique in Triple Crown races: each successive quarter, his times were faster. Although times for non-winners were not recorded, in 1973 Sham finished second, two and a half lengths behind Secretariat in the same race. Using the thoroughbred racing convention of one length equaling one-fifth of a second to calculate Sham's time, he also finished in under two minutes. Another sub-two-minute finish, only the third, was set in 2001 by Monarchos at 1:59.97.

In 2005, the purse distribution for the Derby was changed, so that horses finishing fifth would henceforth receive a share of the purse; previously only the first four finishers did so.

The Kentucky Derby will offer $3 million in purse money starting in 2019. Churchill Downs officials have cited the success of historical racing games at their Derby City Gaming facility in Louisville as a factor behind the purse increase. The Derby first offered a $1 million purse in 1996; it was doubled to $2 million in 2005.

Millions of people from around the world bet at various live tracks and online sportsbooks. In 2017, a crowd of 158,070 watched Always Dreaming win the Derby, making it the seventh biggest attendance in the history of the racetrack. The track reported a wagering total of $209.2 million from all the sources on all the races on the Kentucky Derby Day program. It was a 9 percent increase compared to the total of $192.6 million in 2016 and an increase of 8 percent over the previous record set in 2015 of $194.3 million. TwinSpires, a platform for betting online and a partner of the Kentucky Derby and the Breeders' Cup, recorded $32.8 million in handle on the Churchill Down races for the Kentucky Derby Day program. This was a 22 percent increase over the preceding year. On the Kentucky Derby race alone, the handle of TwinSpires was $20.1 million, which is a 22 percent rise compared to the prior year.

The race often draws celebrities. HM Queen Elizabeth II, on a visit to the United States, joined the racegoers at Churchill Downs in 2007.

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