In 1998, the purse was changed to $1,000,000 guaranteed, with the winner receiving $600,000.

Belmont Park is a major Thoroughbred horse racing facility in the northeastern United States, located in Elmont, New York, just east of the New York City limits.

Peter Pan was inducted in the National Museum of Racing and Hall of Fame in 1956, as were his sire Commando and grandsire Domino, as well as his granddaughter Top Flight.