Pregnant Kate Middleton is off to the races  and couldn't look happier!

Kate and Prince William, who are expecting their first child this July, were photographed at a festival at Cheltenham Racecourse in England on March 15, according to Us Weekly.

Kate looked totally gorgeous in a salmon-colored Joseph coat and a Lock & Co Betty Coop hat, along with Stuart Weitzman Zipkin boots.  

It's hard to get much of a look at her baby bump, since she's covered up with that coat, but her smile could not be bigger.

Pics of Kate and William at the horse races can be seen here.

"Kate walked close to him," an onlooker said of Kate and Wills. "They both look really great." 

Meanwhile, it sounds like Prince William is hoping to win a little extra spending money while he's here.  

"I've got some money riding on Africa Gold although I can't remember which race it's running in," he revealed. "I love coming to Cheltenham, as I've got friends here, and I've always loved racing." 

Apparently, even someone as regal as Kate can enjoy a day spent betting on the ponies!

Source: Us Weekly