track is the largest dirt Thoroughbred racecourse in the world, and it has the sport's largest grandstand. One of the latest major horse tracks opened in the United States was the Meadowlands Racetrack, opened in 1977 for Thoroughbred racing. It is the home of the Meadowlands Cup. Other more recently opened tracks include Remington Park, Oklahoma City, opened in 1988, and Lone Star Park in the Dallas–Fort Worth Metroplex, opened in 1997; the latter track hosted the prestigious Breeders' Cup series of races in 2004. Thoroughbred horse racing in the United States has its own Hall of Fame in Saratoga Springs, New York. The Hall of Fame honors remarkable horses, jockeys, owners, and trainers. The traditional high point of US horse racing is the Kentucky Derby, held on the first Saturday of May at Churchill Downs in Louisville, Kentucky. Together, the Derby; the Preakness Stakes, held two weeks later at Pimlico Race Course in Baltimore, Maryland; and the Belmont Stakes, held three weeks after the Preakness at Belmont Park on Long Island, form the Triple Crown of Thoroughbred Racing for three-year-olds. They are all held early in the year, throughout May and the beginning of June. In recent years the Breeders' Cup races, run at the end of the year, have challenged the Triple Crown events as determiners of the three-year-old champion. The Breeders' Cup is normally held at a different track every year; however, the 2010 and 2011 editions were both held at Churchill Downs, and 2012, 2013 and 2014 races were held at Santa Anita Park. Keeneland, in Lexington, Kentucky, hosted the 2015 Breeders' Cup. The corresponding Standardbred event is the Breeders Crown. There is also a Triple Crown of Harness Racing for Pacers and a Triple Crown of Harness Racing for Trotters. For Arabians, there is the Arabian Triple Crown, consisting of Drinkers of the Wind Derby in California, the Texas Six Shooter Stakes, and the Bob Magness Derby in Delaware. American betting on horse racing is sanctioned and regulated by the state where the race is located. Simulcast betting exists across state lines with minimal oversight except the companies involved through legalized parimutuel gambling. A takeout, or "take", is removed from each betting pool and distributed according to state law, among the state, race track and horsemen. A variety of factors affect takeout, namely location and the type of wager that is placed. One form of