The event known as the "greatest two minutes in sports" refers to the Kentucky Derby, a renowned horse racing event held annually in Louisville, Kentucky. This prestigious race, taking place on the first Saturday in May, draws a massive audience and features thoroughbred horses competing over a distance of 1.25 miles. The race not only attracts horse racing enthusiasts but also garners widespread attention for its festive atmosphere, fashion, and betting excitement, making it a highlight of the sports calendar.