Gov. Andrew Cuomo is proposing a 2.75% surcharge on purses at horse races around the state, including the famous Belmont Stakes. A "purse" refers to the money collected and paid out to the winning jockeys in a race.
That charge is expected to raise $7.6 million for the state next year.
The money is meant to close budget gaps at New York's state agency in charge of regulating horse racing and casinos.