The Burro Days festival is held on the last weekend of July. The event celebrates the town's mining heritage. The main feature of the festival is a 29-mile (46.7 km) burro race over rough terrain and approximately 3,000-ft (914 m) elevation gain from downtown Fairplay to the 13,000-ft (3962 m) summit of Mosquito Pass. Teams consist of one person and one burro. The race takes about five hours to complete; first prize is $1,000. Previously, the first prize included an ounce of gold. There are several other burro races in Colorado, the most notable takes place in Leadville.