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The annual Breeders’ Cup World Championships is a Grade I Thoroughbred horse races, operated by Breeders’ Cup Limited, a company formed in 1982. The event was originally a single-day event; but starting in 2007, it expanded to two days. All sites have been in the U.S, except in 1996, when the races were at the Woodbine Racetrack in Canada. With the addition of three new races in 2008, a total of $25.5 million was awarded over the two days, up from $23 million in 2007. In the 2015 listing of the International Federation of Horseracing Authorities (IFHA), three Breeders’ Cup races are ranked among the top Grade 1 races in the world: the Classic (4th), the Turf (10th) and the Mile (12th). The Distaff is ranked second among the top Grade 1 races for fillies and mares.