The Jersey Derby is a $60,000 American Thoroughbred horse race for three-year-olds held annually in late July/early August at Monmouth Park Racetrack in Oceanport, New Jersey. Since 1993 it has been raced on grass at a distance of  1 1⁄16 miles. A Jersey Derby was run on June 7, 1864 at a racetrack in Paterson, New Jersey. The one-time event was won by Robert A. Alexander's colt, Norfolk. When the Garden State Park Racetrack opened it doors in 1942, they created the Jersey Handicap which was renamed the Jersey Stakes in 1948. Since 1960 it has been known as the Jersey Derby.