NYC
03/18/2010 05:12 am ET | Updated May 25, 2011

Belmont Stakes Over? Triple Crown In Jeopardy Due To Budget Mess

Forget about not getting out of the gate -- the horses may not even get to the gate at this year's Belmont Stakes race.

Due to the ongoing budget crisis in Albany, and the fact that New York is "out of cash," the Triple Crown may just be the "Double Crown" come summer.

The Daily News reports that the New York Racing Association will run out of money around May or June, just in time for the planned June 5th race.

Charles Hayward, president of the NYRA told the News that if they can't make payroll, "there is certainly a possibility that Belmont may not open and there will be no third leg of the Triple Crown."

A long-delayed plan to put video lottery terminals at the track could bring much-needed funding to the NYRA but Governor Paterson and legislative leaders are deadlocked on who should run the machines.

Aside from the Belmont Stakes, the Triple Crown is made up of the Kentucky Derby held at Churchill Downs and the Preakness Stakes held at Pimlico Race Course.