It is run at Goodwood over a distance of 1 mile (1,609 metres), and it is scheduled to take place each year in late August.
The event was established in 1967, and it was originally called the Wills Mile.
It was renamed the Goodwood Mile in 1971, and from this point it was classed at Group 3 level.
The race became known as the Waterford Crystal Mile in 1975, and it was promoted to Group 2 status in 1977.
The leading horses from the Celebration Mile often go on to compete in the Queen Elizabeth II Stakes.