This Day in History: 1985-05-27

Under jockey Laffit Pincay Jr., odds-on favorite Spend a Buck defeated Creme Fraiche by a neck to win the Jersey Derby and earn $2.6 million, the largest single purse in American racing history. Two million dollars of the purse came from a bonus to Spend a Buck for winning the Cherry Hill Mile, the Garden State Stakes, the Kentucky Derby and the Jersey Derby.