If you're going to the Kentucky Derby and plan on indulging with a few mint juleps, be sure to bring some extra cash. This year, the price of a mint julep is $22. That's roughly 30 times more than the 75 cents patrons paid for mint juleps in 1940, per USA Today.

The executive chef at Churchill Downs explains how he and his team make juleps for the 400,000 people who come through their gates.

The Kentucky Derby is a sporting event immersed in tradition and spirit – so what better way to watch the Run for the Roses than with a mint julep, the race’s signature beverage, in hand? The mint julep has been the official drink of the Kentucky Derby since 1939,