The Grand National is a National Hunt horse race held annually at Aintree Racecourse in Aintree, Merseyside, England, near Liverpool. First run in 1839 as the Grand Liverpool Steeplechase, it is a handicap steeplechase over 4 miles 2+1⁄2 furlongs, with horses jumping 30 fences over two laps. It is the most valuable jump race in Europe, with a prize fund of £1 million in 2017. An event that is prominent in British culture, the race is popular amongst many people who do not normally watch or bet on horse racing at other times of the year.