The original "Stakes" were in turn moved to the first day of the carnival and renamed as the Longines Mile.
A popular event introduced from 2004 is the Stakes Day' Fashions on the Field, giving youngsters and families the opportunities to impress at the track alongside their adult counterparts.
Stakes Day is one of the fastest growing events on the Australian racing calendar, and is popular with crowds because of its relaxed and casual atmosphere.
The feature race of the day is the Group 1 Seppelt Wines Stakes, a WFA run over 2000 metres.
The 1200m Darley Classic (won by Black Caviar in 2010 and 2011) is also held on this day.