Kentucky Derby Day at Churchill Downs became even more prestigious Dec. 18 as the Thoroughbred Owners and Breeders Association's American Graded Stakes Committee announced an upgrade to grade 1 status for one of its undercard stakes: the American Turf Stakes for 3-year-olds.
In total, 957 United States stakes races with a purse of at least $75,000 were reviewed by the committee at their Dec. 16-17 grading sessions. Graded status was awarded to 415 races, 14 fewer than 2024, and listed status was granted to 210 races.
Four graded races were upgraded—one new grade 1 and three new grade 2s. Nine new grade 3 races were identified and 12 new listed races and one new listed restricted race were upgraded from non-listed black-type status.
Thirty-three graded races were downgraded with one grade 1, 10 grade 2 and 22 grade 3 races being demoted. Twenty-one listed races were downgraded to NLBT status.
Inaugurated in 1992, the American Turf received grade 3 status from the committee in 1998 and has been run as a grade 2 since 2010. With the upgrade, the race that was contested for a $600,000 purse in 2024 becomes the fifth grade 1 event on the Kentucky Derby (G1) card and the seventh to be hosted in Louisville, Ky., that weekend.
The AGSC aims to provide owners and breeders of Thoroughbred horses a reliable guide to the relative quality of Thoroughbred bloodstock by identifying U.S. races whose recent renewals have consistently attracted the highest quality competition.
In 2024, the American Turf was won by Trikari , who won the Belmont Derby Invitational Stakes (G1T) two starts later. Through Dec. 18, 13 of the 14 runners in this year's edition are stakes winners—eight at the graded level—including runner-up Formidable Man going on to win the Hollywood Derby (G1T) at Del Mar in November. In the 2023 edition, future grade 1 winners Far Bridge , Johannes and Carl Spackler finished second, fifth, and eighth, respectively.
Churchill Downs received nine upgrades, more than double any other track. The Chicago Stakes, typically held in June, was upgraded to grade 2 status while a trio of spring meet stakes—the Aristides Stakes, Kelly's Landing Stakes and Mamzelle Stakes—were upgraded to grade 3. Another four black-type stakes were upgraded to listed status. The Cardinal Stakes, held during Churchill's fall meet, was downgraded from grade 3 to listed.
The total number of grade 1 races in 2025 remains the same at 93 as the upgrade of the American Turf was countered with the downgrade of the Alfred G. Vanderbilt Handicap (G2) at Saratoga Race Course, which had been a grade 1 since 2010. The downgrade came despite the appearances of champions Jackie's Warrior and Elite Power in the winner's circle over the last three years.
The Vanderbilt was one of 15 stakes hosted on the New York Racing Association circuit to receive downgrades. The John A. Nerud Stakes, Pennine Ridge Stakes and True North Stakes dropped from grade 2 to 3 and the formerly grade 3 Withers Stakes, Dwyer Stakes, Go for Wand Stakes, Toboggan Stakes, Knickerbocker Stakes, Noble Damsel Stakes, and Saranac Stakes are all listed status for 2025.
NYRA did receive five upgrades with the Jockey Club Derby Invitational Stakes improving to grade 2 status and the Glen Cove Stakes, Winter Memories Stakes, Coronation Cup Stakes and Mahony Stakes all becoming grade 3s.
Following is a summary breakdown of all grade levels and a complete list of all upgraded and downgraded U.S. races for 2025 as well as the complete list of 2025 graded and listed stakes.
Grade Level | Total Races | % Graded | % Eligible | Change from 2024 |
Grade 1 | 93 | 22.4% | 0 | |
Grade 2 | 130 | 31.3% | -7 | |
Grade 3 | 192 | 46.3% | -7 | |
All Graded | 415 | 43.4% | ||
Listed | 198 | 20.7% | ||
Listed-Restricted | 12 | 1.2% | ||
Non-Listed Eligible | 332 | 34.7% | ||
All Graded, Listed, and NLE Races | 957 |
Grade 1
Grade 2
Grade 3
Listed
Listed-Restricted
Grade 2
Grade 3
Listed
Non-Listed Black Type
Not Eligible for Grading in 2025