The Florida Derby is an American Thoroughbred horse race for three-year-old horses held annually at Gulfstream Park in Hallandale Beach, Florida. Since 2005, it has been run five weeks before the Kentucky Derby, which is held on the first Saturday in May. Thus the Florida Derby is currently run either at the end of March or the beginning of April. Added to the racing schedule in 1952, the Grade I race is run at 1+1⁄8 miles on the dirt. The purse was increased to $1 million in 2011 but was reduced to $750,000 for 2020 and 2021 due to the COVID-19 pandemic. The purse was once again increased to $1 million in 2022.