The race was held on May 5, 2012.
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The first Saturday in May is the time of year when the Kentucky Derby is held. That's why the 136th running of the Derby was on May 1st in the year 2010. The 137th will be held on May 7, 2011.
Horses can only run in the Kentucky Derby as a three year old. As such, no horse ever runs the Derby more than once.
Seabiscuit [May 23, 1933 - May 17, 1947] never won any Kentucky Derby. He was named 'Horse of the Year' in 1938. But that was for his performance in races other than the Derby. It also was for his victory of November 1, 1938 over War Admiral [1934 - 1959], the Triple Crown winner of the Kentucky Derby and the Belmont and Preakness Stakes in the previous year.
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.
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.