The Cheltenham Festival is a horse racing-based meeting in the National Hunt racing calendar in the United Kingdom, with race prize money second only to the Grand National. The four-day festival takes place annually in March at Cheltenham Racecourse in Cheltenham, Gloucestershire. It usually coincides with Saint Patrick's Day and is particularly popular with Irish visitors.

Cheltenham Racecourse at Prestbury Park, near Cheltenham, Gloucestershire, England, hosts National Hunt horse racing. Racing at Cheltenham took place in 1815, but comprised only minor flat races on Nottingham Hill. The first racing on Cleeve Hill was on Tuesday 25 August 1818 when the opening race was won by Miss Tidmarsh, owned by Mr E Jones. It was a year later when the results were printed in the Racing Calendar when a programme of flat racing was watched by the Duke of Gloucester who donated 100 Guineas to the prize fund. By 1831 races were being staged at Prestbury, although not on the present day course. In 1834 the Grand Annual Steeplechase was run for the first time. In 1839 Lottery won the Grand Annual having previously won the first Aintree Grand National. In 1840 the meeting transferred to Andoversford for a brief period, only to return to Prestbury in 1847. 1902 was a notable year in that racing moved to the present course at Prestbury Park. The new stands were completed in 1914 and the present day Festival races, as we know them, began to take shape. The Cheltenham Gold Cup, over 3 ¼ miles, was run for the first time in 1924, with the Champion Hurdle following in 1927.