The American Graded Stakes Committee grades only races that: • Have a purse of at least $75,000 for a listed race, $100,000 for Grade III, $200,000 for Grade II, and $300,000 for Grade I. • Have been run for two years under fundamentally the same conditions. For example, the race's distance may be slightly altered, but age and sex conditions may not be. • Restrict entries only by age and sex. For example, a race may be restricted to three-year-old fillies and be eligible for grading, but a race restricted by where a horse is bred is not eligible for grading. • Have preference conditions written to industry standards that seek to give preference to the best horses. • Have post-race drug testing managed by a governmental authority. • Follow rules for androgenic-anabolic steroids and non-steroidal anti-inflammatory drugs, allowing only
Boldenone,
Nandrolone,
Stanozolol, and
testosterone. (This is a minimum standard; some racing jurisdictions have even higher restrictions on medications) In 2008, the committee began requiring that toe grabs on the
horseshoe, designed to improve traction, be no longer than 2 millimeters. This was in response to studies by
Susan Stover showing that such toe grabs substantially increase the risk of catastrophic racing injuries. Recently, racing officials have also banned the use of
furosemide (Lasix) in all Black Type races, which include graded and listed stakes races. A newly established race may inherit the graded status of a discontinued race if it is held at the same facility under essentially identical conditions as the discontinued race. For example, the inaugural running of the
Pegasus World Cup in January 2017 was Grade I, inheriting the status of the discontinued
Donn Handicap. ==Levels==