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Jay-Z Reportedly Just Made A Move To Open A Sportsbook In His Home State Of New York

When it comes to his latest investment, Jay-Z is betting it all and getting in on the sports gambling action. Page six reports that the billionaire business mogul is making a move to open a New York sportsbook in partnership with sports e-retailer Fanatics and has already made a bid with the New York State Gaming Commission. Documents show that both Jay-Z and the Fanatics group are bidding against some stiff competition that includes companies like FanDuel, DraftKings, Bally’s, BetMGM and Caesars Sportsbook. Additionally, the outlet reports that the new move will also reportedly have Jay-Z serve as vice chairman of Fanatics as well as on the board of directors of a new Fanatics Betting & Gaming entity. In association with the current bids, the rapper’s role as an executive was revealed in redacted documents released by the New York State Gaming Commission last week, but his name as a potential license holder was reportedly blocked out. Those same documents are also said to have...

Aug 16, 2021