The 1-mile (1.6 km) track opened on April 27, 1903, a day which featured the inaugural running of the Excelsior Handicap.[2]Eugene D. Wood, one of the founders and largest stockholder, served as its first president. Upon Wood's death in April 1924, Dr. Edward P. Kilroe was appointed president to replace him.[3] The Wood Memorial Stakes is named in Eugene Wood's honor.
In 1955, the Greater New York Association took over management of Jamaica Race Course along with Aqueduct Racetrack, Belmont Park, and Saratoga Race Course and decided to undertake renovations to Aqueduct in South Ozone Park, the other track in the Greater Jamaica area. Jamaica took on the Big A dates during Aqueduct's four year renovation, after which it would be sold for redevelopment as a housing project.[6][7][8] With Aqueduct slated to reopen in the fall of 1959, Jamaica ceased operations on August 1 and was torn down the following year.[9][10] Today Rochdale Village a middle income cooperative occupies the former site of the Jamaica Race Course.[5]