When the grading system for stakes was first introduced in the 1973 season, the Laurel Futurity was among a dozen Grade 1 races for 2-year-olds. The race retained that status for nearly two decades.
In recent years, with changes in track ownership and financial troubles plaguing the Maryland racing industry, the Laurel Futurity has not been contested in four seasons, was moved to the grass at various distances, and is now an ungraded event.