Jay-Z Applies For New York Sports Betting License

jay z rhude

is betting big in the world of sports gambling.

The hip-hop mogul has filed to open a sportsbook in New York. According to TMZ, Shawn Carter’s name is on one of the applications submitted to the New York Gaming Commission requesting approval for a mobile sports betting license.

JAY-Z, who owns Roc Nation Sports, is partnering with Sixers co-owner Michael Rubin to form Fanatics Sportsbook. They’ve also teamed up with Kambi, a company that makes software used for online sports gambling.

The New York Gaming Commission will approve at least two of the six groups, and ’s involvement could help with approvals. He is the most prominent public figure applying for a license and the only Black licensee applicant. The Gaming Commission is expected to make its selections by the end of the year.

Sports betting is a booming business, with $1.55 billion nationally last year. Fanatics Sportsbook will be based in NYC, and JAY plans to hire a diverse staff.

previously held gaming licenses in Nevada and New Jersey with his 40/40 Clubs in Las Vegas and Atlantic City, which have since been shuttered.

This is the latest business venture for the 51-year-old billionaire, who sold TIDAL to Square Inc. in April. Earlier this year, LVMH acquired a 50 percent stake in his luxury champagne brand Armand de Brignac.

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