The 2016 Kentucky Derby (in full, the Kentucky Derby Presented by Yum! Brands, due to sponsorship) was the 142nd running of the Kentucky Derby. The race was run at 6:51 pm Eastern Daylight Time (EDT) on May 7, 2016 at Churchill Downs. The race was broadcast in the United States on the NBC television network. The second largest attendance of 167,227 was on hand for the event.
The Post Position Draw of the entries for the Kentucky Derby was held Wednesday, May 4, 2016 at the Churchill Downs Racetrack clubhouse. After the draw was made, the undefeated Nyquist was installed as the 3-1 morning line favorite. In spite of having been undefeated in his seven previous races and having already defeated several of the other entries, including second-favorite Exaggerator, Nyquist was viewed as vulnerable, in part because of the statistical improbability of the race favorite winning for four years in a row. Pundits also noted the unusual number of gray horses in the field, four in total and three of them sons of Tapit, a gray stallion who is ranked as the leading sire in America.

At the start, Danzing Candy quickly took the lead and held onto it for seven furlongs (4,600 ft; 1,400 m) until fading. The favorite, Nyquist, broke well and stayed close to the leaders, no farther back than third throughout the race. At the top of the stretch, Gun Runner, who had been running second or third throughout, briefly took the lead but was quickly surpassed by Nyquist. Exaggerator, who had started well back in 15th place, closed fast at the end. Nyquist held him off to win the race by 1 14 lengths. Nyquist was the eighth undefeated winner in Kentucky Derby history, the first since Big Brown in 2008. The last horse to have been undefeated in seven races prior to winning the Derby was Majestic Prince in 1969.

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