Here's where it was.  This entire Covington map is here.
The race track opened on July 9, 1883.

 

Helios, with Steel aboard, wins a race at Latonia.  1913.	An Aerial View from 1938

 

looking southerly	looking west	looking north
1922 Aerial Views of Latonia, from the Facebook page of Memories of Latonia, via Dutch Johnson

 

Latonia

The Grand Stand on  Derby Day	Winning the Latonia Derby	Latonia Derby  Crowd Scene	Caution, Winning  the Latonia Derby
The horse racing fraternity of America was thrilled at the prospect of the first Latonia Derby, run on May 26, 1888

The Latonia Race Track was open from 1883 thru 1939.

The Judges' Stands at the Home Stretch		The Judges Stand, from the back	The Judges Stand, from the stands
Judges were there because we're in the days before the “photo-finish” was implemented. Most horse tracks didn't have the equipment until the late 1940's, if then.

 

 

	Florence	Judges Stand	The Start	Derby Horses to Post	They're Off

 

	Florence	at the finish	at the start	From a Facebook post by Dale Ashcraft	Crowd

 

These three are all from 1917 From Facebook posts by Will Lack

 

Casady was a noted starter at Latonia, before starting gates were invented	At the Post		Starter A. B. Day

 

Club House and Judges Stand		The Judges' Stands at the Home Stretch

 

  

1906

 

The Infield

 

from the back of the grandstand, 1937