2013: two-year-old season
On his racecourse debut, New Year's Day ran in a five and a half furlong maiden race on the Polytrack surface at Del Mar on August 18, 2013. Ridden by Garrett Gomez, he started at odds of 4/1 in a field of nine runners. After racing towards the rear of the field he moved up on the outside entering the straight and finished third behind Indexical and Hi Fashioned. Two weeks later at the same track, New Year's Day contested another maiden race, this time over a distance of one mile and started the 0.9/1 favorite against eight opponents. Gomez tracked the leader Carson's Ten in the early stages before sending his mount into the lead two furlongs from the finish. New Year's Day went clear of the field in the straight and won by one and three quarter lengths from Bond Holder with a gap of three and a quarter lengths back to Cautious Giant in third.
New Year's Day was then moved up sharply in class to contest the thirtieth running of the Breeders' Cup Juvenile over eight and a half furlongs at Santa Anita Park on November 2 in which he was ridden by Martin Garcia. The Champagne Stakes winner Havana was made the 3/1 favorite ahead of Tap It Rich the more fancied of the runners from the Baffert stable with New Year's Day next in the betting on 8/1 alongside Bond Holder. The other contenders included the Hopeful Stakes winner Strong Mandate and the Breeders' Futurity Stakes winner We Miss Artie. A very strong pace was set by Conquest Titan, Rum Point and Strong Mandate, with New Year's Day settled behind the leading group on the inside. As the field entered the straight, Havana gained the advantage from Strong Mandate but Garcia produced New Year's Day with a strong late run along the inside rail to take the lead in the closing stages and won going away by one and a quarter lengths. Havana took second ahead of Strong Mandate, Bond Holder and Tap It Rich. Explaining his tactics, Garcia said My horse doesn't have that much pace. I was exactly where I wanted to be. The rail was open and I took it; I didn't panic". Baffert, who was winning the race for the third time after Vindication in 2002 and Midshipman in 2008 said "He showed us a lot in his two races at Del Mar and he's been showing us a lot here in the morning. He's been telling us in the mornings that he's ready."
In late December New Year's Day sustained a training injury described as a "non-displaced chip on the left hind sesamoid".
On 26 December it was announced that the colt would be retired from racing and would begin his stud career Hill 'n' Dale Farms in Lexington, Kentucky. His owners' agent Ben Glass said We don't know what happened—whether he kicked himself coming off the track, or what. "It was going to be a long layoff, regardless of what we did, so [we] decided it would be in the best interest of the horse to retire him. Bob said he didn't want to have to hold his breath every time he breezed him. We would like to win more races with him but that's not in the cards. Disappointed isn't the right word for it."