Of all the traditional American sporting events that crowd the spring television schedule—the Masters, the NBA and NHL playoffs, Major League Baseball’s opening day—I’ve always favored the Kentucky Derby on my list of required viewing.

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Quaint, cozy Monmouth Park is about to join the likes of Churchill Downs and Belmont Park as host of the Breeders’ Cup, the Super Bowl of horse racing. All it took was 23 years and $32 million. more