The cup is held on the second Monday of March since March 2006. Before 2006 it was held in May. It was first run in 1864, just three years after the Melbourne Cup commenced. The day received public holiday status in 1973 and became a major social event in South Australia. In the decade since the move of the Adelaide Cup to March, attendance has fallen to a third of previous levels, seeing 10,500 people trackside in 2015. This is due to use of the public holiday by other "Mad March" events (the Adelaide Festival of the Arts, the associated Fringe Festival, the WOMAD world music festival, a touring car race the weekend prior). Thoroughbred Racing SA and the South Australian Jockey Club wish to move the race and its associated public holiday out of March. However the South Australian government Minister for Racing said "We can't be at the whim of a racing club that wants to dictate when the public holiday is going to be" and suggests if the race be moved again then it be held on a Saturday.