“The Cup was invented in 1894, and for more than a century the race has been dominated by the British,” said David Houghton, a sports historian at the University of North Carolina.
“It is a hugely popular sport that goes through huge numbers of people.”
The US has been leading the world in the event since the start of the 20th century, when the first race was held in New York City.
The race is now the most popular in the world, with nearly one in every five Americans participating.
In 2015, more than 1.2 billion people in more than 190 countries watched the race online.
The US is also the most competitive in the sport, with teams competing to win a $1m (£1.5m) prize, and in some countries teams earn the entire prize money.
But the popularity of the race and its global appeal has meant that some races in the US have become too expensive to host, leading some cities to abandon them entirely.
A Cup race in New Orleans, Louisiana, on April 27, 1891.
A winner’s cup at the 1880s Chicago Olympic Games, which was the first to feature a medal awarded for the race winner.
Reuters/Toni L. SandysIn addition to the economic cost of hosting the race, race organisers have faced a growing number of health concerns.
“The health risks are not limited to the cost,” Mr Houghston said.
“The race has become a way for people to express themselves, to get out of the house and do something that they’re passionate about, and they may not want to go home.”
Race organisers have warned that too many spectators can cause serious illnesses.
In 2016, the New York Times reported that “more than 1,000 people in New Jersey were admitted to the hospital after they attended the race”.
The race was also linked to a series of other deadly sports-related incidents, including the 1996 bombing of the Boston Marathon and the 1994 massacre at the Washington Navy Yard.
A New York police officer at the 1996 Boston Marathon.
Reuters The US Olympic Committee did not respond to a request for comment.