<Tr> <Th> Longest win streak </Th> <Td> Texas, 8 (1940--47, 1958--65) </Td> </Tr> <Tr> <Th> Current win streak </Th> <Td> Oklahoma, 2 (2016--present) </Td> </Tr> <P> The Red River Showdown, commonly called the Red River Rivalry, the Red River Classic, or the Red River Shootout, is an American college football rivalry game played annually at the Cotton Bowl stadium in Dallas, Texas, during the third weekend of the State Fair of Texas in October . The participants are the Oklahoma Sooners football team of the University of Oklahoma and the Texas Longhorns football team of the University of Texas at Austin . The game is played the week following the State Fair Classic featuring Prairie View A&M University and Grambling State University . The series is one of the major rivalries in NCAA football and in all of American sports . The name is derived from the Red River that forms part of the boundary between Texas and Oklahoma that has in the past caused conflict between the two states, most notably the 1931 Red River Bridge War . </P> <P> There are three Red River Shootout trophies exchanged based on the outcome of the game . The best known of these is the Golden Hat, which is a gold ten - gallon hat, formerly of bronze . The trophy is kept by the winning school's athletic department until the next year . A newer trophy, the Red River Rivalry trophy, has been exchanged between the two student governments since 2003 . The governor of Texas and governor of Oklahoma also exchange the Governors' trophy and frequently place a bet on the game such as the losing governor having to present a side of beef to the winning governor, often donated to charity . </P>

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