This story was updated most recently at 6:50 p.m. ET on May 3.
The 140th annual Kentucky Derby pit 21 horses against each other on Saturday evening, as thoroughbreds raced for glory at Churchill Downs Racetrack in Louisville.
This much-anticipated competition is the highlight of the two-week-long Kentucky Derby Festival. More than 30 races led up to this year's final contest. California Chrome, ridden by jockey Victor Espinoza, came in first this year, as favored, with a time of 2:03:66 and a prize purse of more than $2 million. Commanding Curve took second place and Danza came in third. Last year's winner, Orb, finished the 1.25-mile race in a little more than two minutes, according to the Derby's official site. He came away with a purse of approximately $1.4 million.
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In the second-biggest race of the weekend, the Kentucky Oaks, Untapable crossed the finish line in 48 seconds -- the second-fastest run in the competition's history -- with jockey Rosie Napravnik manning the reins Friday, according to Bleacher Report.
Fans typically wear elaborate headgear to the Derby, which began in the 1870s, and is said to bring good luck. Since its inception, the event has always been an occasion for spectators to pull out their finest threads, but as women's fashion became louder in the 1960s, so did the outfits. The Derby is also known to attract millions of dollars in bets.
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