The short (and not sarcastic, either--is: all of them). Horse racing is comprised of many types and levels of races and the Commonwealth of Kentucky is host to all of them at its four racetracks: Churchill Downs (Louisville), Keeneland (Lexington), Turfway Park (Florence) and Ellis Park (Henderson).
The most famous of the races however are obviously the Kentucky Derby held on the First Sat. in May at Churchill Downs and the Kentucky Oaks, for 3 yr. old fillies held the Fri. before Derby day.
Other famous races held in KY include the Stephen Foster Handicap (Churchill), the Bluegrass Stakes (Keeneland) and the Lanes End (Turfway). And these are just a small sampling.
There are horse races held in Kentucky on roughly 300 out of 365 day per year!
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Yes, the Kentucky Derby is held in Kentucky. It's held at the Churchill Downs racetrack in Louisville. The 2010 Derby represents the 136th running of the world-famous race.
The Louisville Jockey Club Course was where the first Kentucky Derby was held. That was the original name of the Churchill Downs racetrack, where the Derby still is being held. Whatever the name, the world-famous grounds are located in Louisville, Kentucky.
It's in Louisville, Kentucky that the Kentucky Derby is held. Louisville isn't a town. It's a big city. It always has been the location of the Derby, for 136 years straight since May 17, 1875.
The first Kentucky Derby wasn't held on the first Saturday of any month. Instead, it was held in the middle of the month. The specific date was May 17, 1875.
Churchill Downs is the name of the racetrack at which the Kentucky Derby is held. Louisville is the name of the big city in Kentucky where the racetrack is located. The original name of the racetrack was the Louisville Jockey Club Course.