The Virginia Derby is a prestigious horse race held annually at the Colonial Downs racetrack in Virginia. Established in 1997, it is a part of the American Thoroughbred racing calendar and typically takes place in late summer. The race is open to three-year-old thoroughbreds and is run on turf, covering a distance of 1 1/8 miles. This event is known for attracting top horses and trainers from across the country, contributing to its reputation in the racing community. The Virginia Derby is a significant part of the Virginia horse racing scene and offers substantial prize money, making it a key race for aspiring champions.