The Fayette Stakes is an American Thoroughbred horse race run annually in late October at Keeneland Race Course in Lexington, Kentucky. A Grade II event, it is open to horses age three and older. It is contested on Polytrack synthetic dirt and currently offers a purse of $200,000.The Fayette Stakes is named for Fayette County, Kentucky, of which the city of Lexington is the county seat. First elevated to a Grade III event in 1979, it was a Grade II event from 1987 through 1996.