Keeneland Association, Inc. is a combination Thoroughbred racecourse and sales company located in Lexington, Kentucky. As the world's largest thoroughbred auction company, Keeneland's annual sales exceed a half billion dollars. Keeneland annually conducts race meetings in April and October with some of the richest purses in North America and provides superior year-round simulcasting and training facilities. A non-dividend-paying corporation, Keeneland profits are funneled back into the operation in the form of higher purses, capital improvements and charitable contributions.