The Kentucky Oaks Trophy is a ceremonial trophy which is presented annually to the winner of the Kentucky Oaks horse race. Since the Kentucky Oaks is run on the Friday preceding the Kentucky Derby, the trophy presentation occurs on Friday evening, the evening before the Derby (which is held on the first Saturday in May).
The trophy presentation is ceremonial only, since the trophy remains in the custody of the Kentucky Derby Museum in Louisville, Kentucky. The presentation is usually carried in prime-time television.