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Over the Top: The Kentucky Derby's $1,000 Mint Julep

May 04, 2019
3 min read
2015 Kentucky Derby
Over the Top: The Kentucky Derby's $1,000 Mint Julep
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Churchill Downs in Louisville, KY, is the place to be seen this weekend with the running of the annual spectacle that is the Kentucky Derby — the first leg of the Triple Crown, the hardest trophy in sports to win. The Derby crowd is known for being over the top — especially when it comes to women's hats, which often get more attention than the horses. But this ethos applies to drink scene as well.

Each race in the triple crown — the Kentucky Derby, the Preakness Stakes and the Belmont Stakes — has its own signature cocktail, and the proper way to enjoy race day at The Derby is with a Mint Julep. According to CNBC, around 120,000 of the drinks — at $10 a pop — are sold at the race each year.

For those heading to the race and looking to up your game, head over to the racetrack's Woodford Reserve $1,000 Mint Julep bar, where the Kentucky distillery offers a luxe version of the drink each year. While Woodford uses its own Reserve bourbon in the cocktail recipe, what the drink gets served in is really the star of the show: This year Woodford commissioned 145 — it's the 145th running of the Kentucky Derby — custom silver and gold julep cups created by a local jeweler, which were sold in a presale for $1,000 and $2,500, respectively. While the gold cups have already sold out, word on the street is that a few silver cups are still available for purchase at the track.

Photo by Woodford Reserve Distillery

So what does spending that kind of cash get you? There's the cup itself, which is also your ticket to get inside Woodford's exclusive Mint Julep tent, where you pick up your cocktail, plus access to a Woodford Reserve photographer to capture the experience. You also get to keep the box the drinks comes in, which is lined in jockey jersey silk.

Each year Woodford donates the proceeds from the $1,000 Mint Juleps to a charity. This year the proceeds will go to the John Asher Memorial Scholarship Fund at Western Kentucky University. Asher was the VP of racing communications and the spokesperson for Churchill Downs until his death in August 2018.

If you're wanting to make your own Mint Julep for Derby day here is the Woodford Reserve signature recipe:

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  • 2 oz of Woodford Reserve Kentucky Straight Bourbon
  • 2 bar spoons of inspired honey sweetener
  • 2 mint leaves
  • Garnish: Shaved honeycomb and a sprig of mint

Rub mint around the julep cup, expressing the essential oils and place the mint leaf in the bottom of the cup. Drizzle two bar spoons of honey sweetener in the cup, followed by two ounces of Woodford Reserve Straight Bourbon, mixing the ingredients together. Pack ice into the cup, followed by placing the sipping straw. Layer loose ice on top, with a splash of Woodford Reserve Straight Bourbon to settle your drink.

Want to catch the action in person next year? Here's how one reader used points to score a bucket list trip to the Kentucky Derby.

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Featured image by Getty Images

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    $325
  • Recommended Credit

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Why We Chose It

There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)

Pros

  • 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
  • 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
  • Packed with credits foodies will enjoy
  • Solid welcome bonus

Cons

  • Not as useful for those living outside the U.S.
  • Some may have trouble using Uber and other dining credits
  • You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
  • Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
  • Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
  • Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
  • Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
  • Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
  • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
  • $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
  • $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
  • $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
  • Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
  • No Foreign Transaction Fees.
  • Annual Fee is $325.
  • Terms Apply.