Graded stakes race


A graded stakes race is a thoroughbred horse race in the United States that meets the criteria of the American Graded Stakes Committee of the Thoroughbred Owners and Breeders Association. A specific grade level is then assigned to the race, based on statistical analysis of the quality of the field in previous years, provided the race meets the minimum purse criteria for the grade in question. In Canada, a similar grading system is maintained by the Jockey Club of Canada. Graded stakes races are similar to Group races in Europe but the grading is more dynamic in North America.
The grading system was designed in 1973 and first published in 1974. The original purpose of grading was to identify the most competitive races, which helps horsemen make comparisons of the relative quality of bloodstock for breeding and sales purposes. A high grading can also be used by racetracks to promote the race in question. When determining Eclipse Award winners, racing journalists will consider the number and grade of a horse's stakes wins during the year.
In general, stakes race refers to the stake, or entry fee, owners must pay, which generally forms part of the prize money offered to the top finishers. Not all stakes races are eligible for grading. Notably, races that are restricted to horses bred in a specific state or country are excluded, regardless of the purse or quality of field. Conversely, some races that are not technically stakes races may be eligible for grading if they meet the quality standards.

Criteria

To determine if a race is eligible for grading, the American Graded Stakes Committee uses the following criteria:
In 2008, the Committee implemented a rule requiring that toe grabs on the horseshoe, designed to improve traction, be no longer than 2 millimeters. This was in response to studies by Dr. Susan Stover showing that such toe grabs substantially increase the risk of catastrophic racing injuries. They have also discussed a phase out on the race day use of furosemide.
A newly established race may inherit the graded status of a discontinued race if it is held at the same facility under essentially identical conditions as the discontinued race. Notably, the inaugural running of the Pegasus World Cup in January 2017 was Grade I, inheriting the status of the now-discontinued Donn Handicap.

Levels

There are four different levels of grading, from Listed at the bottom to Grade I at the top. The latter are higher-class races for bigger prizes for horses of the same age group and may further be restricted by sex. The weight conditions of the races may vary provided they meet the Committee's standards to ensure competitiveness. Many grade I races are "weight-for-age", with weights adjusted only according to age and sex, and also there are 'set weights' where all horses carry the same weight. Furthermore, there are "conditions" races, in which horses carry weights that are set by conditions, such as having won a certain number of races, or races of a certain value. Finally, some graded stakes are "handicaps", in which an official handicapper assigns weights to each horse in an attempt to equalize the competition.
Note that all Grade I races must have a purse of at least $300,000, but not all races with such high purses are Grade I. For example, the racetrack may be offering a high purse to attract better fields so the race will be upgraded in future years. The grade level is assigned by looking at data that indicates quality of the field for the last five years. In order to achieve or maintain a Grade I, it is necessary to attract a competitive field over a number of years.
For graded turf races, track conditions may sometimes force the race to be run on the main track. If this happens, the race is automatically downgraded by one grade level for that running only. The Committee then reviews the race within five days and may restore the original grade. For example, a Grade I turf race that is switched to the dirt will be recorded as a Grade II race, unless the committee feels the quality of the race was sufficient to warrant Grade I.
In the United States and Canada, a graded race can be dormant for one year without losing its grade.

U.S. graded stakes races

Grade I (2020)

Due to the COVID-19 pandemic, some of the events shown below may have been rescheduled or not run at all in 2020. The purse for some events may also have been altered.
RaceTrackMonthFurlongsTrackAgeSexPurse
Acorn StakesBelmont June8Dirt3F$700,000
Alabama StakesSaratogaAugust10Dirt3F$600,000
Alcibiades StakesKeenelandOctober8.5Dirt2F$400,000
Alfred G. Vanderbilt HandicapSaratogaJuly6Dirt3+$350,000
American OaksSanta AnitaDecember9Turf3F$300,000
American Pharoah StakesSanta AnitaSeptember8.5Dirt2$300,000
Apple Blossom HandicapOaklawnApril8.5Dirt4+F/M$700,000
Arkansas DerbyOaklawnApril9Dirt3$1,000,000
Arlington Million StakesArlingtonAugust10Turf3+$1,000,000
Ashland StakesKeenelandApril8.5Dirt3F$500,000
Awesome Again StakesSanta AnitaSeptember9Dirt3+$300,000
Ballerina StakesSaratogaAugust7Dirt3+F/M$500,000
Beholder Mile StakesSanta AnitaMarch8Dirt3+F/M$400,000
Belmont DerbyBelmontJuly10Turf3$1,000,000
Belmont OaksBelmontJuly10Turf3F$750,000
Belmont StakesBelmontJune12Dirt3$1,500,000
Beverly D. StakesArlingtonAugust9.5Turf3+F/M$700,000
Bing Crosby HandicapDel MarJuly6Dirt3+$300,000
Breeders' Cup ClassicOct./Nov.10Dirt3+$6,000,000
Breeders' Cup Dirt MileOct./Nov.8Dirt3+$1,000,000
Breeders' Cup DistaffOct./Nov.9Dirt3+F/M$2,000,000
Breeders' Cup Filly & Mare SprintOct./Nov.7Dirt3+F/M$1,000,000
Breeders' Cup Filly & Mare TurfOct./Nov.11Turf3+F/M$2,000,000
Breeders' Cup JuvenileOct./Nov.8.5Dirt2C/G$2,000,000
Breeders' Cup Juvenile FilliesOct./Nov.8.5Dirt2F$2,000,000
Breeders' Cup Juvenile Fillies TurfOct./Nov.8Turf2F$1,000,000
Breeders' Cup Juvenile TurfOct./Nov.8Turf2C/G$1,000,000
Breeders' Cup MileOct./Nov.8Turf3+$2,000,000
Breeders' Cup SprintOct./Nov.6Dirt3+$1,500,000
Breeders' Cup Turf SprintOct./Nov.5.5Turf3+$1,000,000
Breeders' Cup TurfOct./Nov.12Turf3+$4,000,000
Breeders' Futurity StakesKeenelandOctober8.5Dirt2$500,000
Carter HandicapAqueductApril7Dirt3+$400,000
Champagne StakesBelmontOctober8Dirt2$500,000
Cigar Mile HandicapAqueductNovember8Dirt3+$750,000
Churchill Downs StakesChurchill DownMay7Dirt4+$500,000
Clark HandicapChurchill DownsNovember9Dirt3+$500,000
Clement L. Hirsch StakesDel MarJuly8.5Dirt3+F/M$300,000
Coaching Club American OaksSaratogaJuly9Dirt3F$300,000
Cotillion StakesParxSeptember8.5Dirt3F$1,000,000
Del Mar Debutante StakesDel MarSeptember7Dirt2F$300,000
Del Mar FuturityDel MarSeptember7Dirt2$300,000
Del Mar OaksDel MarAugust9Turf3F$300,000
Diana StakesSaratogaJuly9Turf3+F/M$500,000
First Lady StakesKeenelandOctober8Turf3+F/M$400,000
Florida DerbyGulfstream ParkMar./Apr.9Dirt3$1,000,000
Flower Bowl Invitational StakesBelmontOctober10Turf3+F/M$500,000
Forego StakesSaratogaAugust7Dirt3+$700,000
Fourstardave HandicapSaratogaAugust8Turf3+$500,000
Frank E. Kilroe Mile HandicapSanta AnitaMarch8Turf4+$400,000
Frizette StakesBelmontOctober8Dirt2F$400,000
Gamely StakesSanta AnitaMay9Turf3+F/M$300,000
Gold Cup at Santa Anita StakesSanta AnitaMay10Dirt3+$500,000
H. Allen JerkensSaratogaAugust7Dirt3$500,000
Haskell Invitational StakesMonmouthJuly/Aug.9Dirt3$1,000,000
Hollywood DerbyDel MarNovember9Turf3$300,000
Hopeful StakesSaratogaSeptember7Dirt2$350,000
Humana Distaff HandicapChurchill DownsMay7Dirt4+F/M$300,000
Jaipur InvitationalBelmont ParkJune6Turf4+$400,000
Jenny Wiley StakesKeenelandApril8.5Turf4+F/M$300,000
Jockey Club Gold Cup StakesBelmontOctober10Dirt3+$750,000
Joe Hirsch Turf Classic Invitational StakesBelmontSeptember12Turf3+$500,000
Just A Game HandicapBelmontJune8Turf4+F/M$700,000
Kentucky DerbyChurchill DownsMay10Dirt3$3,000,000
Kentucky OaksChurchill DownsApr./May9Dirt3F$1,250,000
La Brea StakesSanta AnitaDecember7Dirt3F$300,000
La Troienne StakesChurchill DownsApr./May8.5Dirt3+F/M$300,000
Madison StakesKeenelandApril7Dirt4+F/M$300,000
Maker's 46 Mile StakesKeenelandApril8Turf4+$300,000
Malibu StakesSanta AnitaDecember7Dirt3$300,000
Man o' War StakesBelmontMay11Turf3+$400,000
Manhattan HandicapBelmontJune10Turf4+$1,000,000
Matriarch StakesDel MarNovember8Turf3+F/M$300,000
Metropolitan HandicapBelmontJune8Dirt3+$1,250,000
Ogden Phipps HandicapBelmontJune8.5Dirt3+F/M$1,000,000
Pacific Classic StakesDel MarAugust10Dirt3+$1,000,000
Pegasus World CupGulfstream ParkJanuary9Dirt3+$9,000,000
Pegasus World Cup TurfGulfstream ParkJanuary9.5Turf4+$7,000,000
Pennsylvania DerbyParxSeptember9Dirt3$1,000,000+
Personal Ensign StakesSaratogaAugust9Dirt3+F/M$750,000
Preakness StakesPimlicoMay9.5Dirt3$1,500,000
Queen Elizabeth II Challenge Cup StakesKeenelandOctober9Turf3F$500,000
Rodeo Drive StakesSanta AnitaSeptember10Turf3+F/M$300,000
Santa Anita DerbySanta AnitaApril9Dirt3$1,000,000
Santa Anita HandicapSanta AnitaMarch10Dirt4+$500,000
Secretariat StakesArlingtonAugust10Turf3$450,000
Shadwell Turf Mile StakesKeenelandOctober8Turf3+$1,000,000
Shoemaker MileSanta AnitaMay/June8Turf3+$400,000
Spinaway StakesSaratogaSeptember7Dirt2F$350,000
Spinster StakesKeenelandOctober9Dirt3+F/M$500,000
Starlet StakesLos AlamitosDecember8.5Dirt2F$300,000
Sword DancerSaratogaAugust12Turf3+$1,000,000
Test StakesSaratogaAugust7Dirt3F$500,000
Travers StakesSaratogaAugust10Dirt3$1,250,000
Turf Classic StakesChurchill DownsMay9Turf3+$500,000
United Nations StakesMonmouthJuly11Turf3+$300,000
Whitney HandicapSaratogaAugust9Dirt3+$1,250,000
Woodward StakesSaratogaSeptember9Dirt3+$600,000
Woody Stephens StakesBelmont ParkJune7Dirt3$400,000

Grade I changes since 2010

The following races have been downgraded from Grade I status since 2010:
The Hopeful Stakes was downgraded from grade I to grade II for 2012 but regained the top rating in 2013
The Donn Handicap was discontinued after its 2016 edition; its Grade I status was transferred to the Pegasus World Cup, which held its first edition in 2017
Delaware Handicap was upgraded to grade 1 status in 2013 but was downgraded back to grade 2 in 2018
The following races were upgraded to Grade I status since 2010: