The Kentucky Derby remains a major cultural event in the US, celebrated nationwide like a holiday. Last year's race attracted 17.7 million viewers, making it the most-watched Derby since 1989. Legal sports betting has also made it easier for fans across the country to bet on the race. The Derby's appeal remains strong, despite the decline of horse racing. The event is celebrated like a national holiday and parties are held all over the country. It has built-in advantages such as being the first major championship event to fill the lull after March Madness and the Masters, and being first in line for the Triple Crown helps.