If you are a gambler in New York, it is quite possible that Jay-Z could be your future bookie as the rapper turned business mogul has applied to open a sportsbook in his home state, according to TMZ. Michael Rubin and Kambi, a sports gambling software company, have teamed up with Jay to compose a highly competitive team in the midst of competitors like FanDuel, DraftKings, BetMGM, Caesars Sportsbook and WynnBET. The New York Gaming Commission will make a decision on which two contracts of the six major applicants it will approve by December of this year.
Jay and Rubin will be Fanatics Sportsbook if approved to enter the billion dollar industry. According to TMZ, “Jay-Z has previously held gaming licenses in Nevada and New Jersey when his 40/40 clubs were open in Vegas and Atlantic City, but he closed those down many years ago.” If Fanatics Sportsbook opens to take New Yorkers’ online bets, its owners will have a piece of the action that generated 1.15 billion in 2020.