 The race currently offers a purse of $500,000.Inaugurated in 1876, the race was canceled after the 1883 running but was revived in 1924 with future Hall of Fame inductee and that year's Kentucky Derby winner Black Gold claiming victory.For a time, the Ohio Derby was held at the now defunct Bainbridge Park Race Track in Bainbridge Township, Ohio, built in 1927 by John King and Homer Kline.