Jay-Z Is Looking To Get Into The Sports Gambling Industry

BYAlexander Cole1371 Views
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Jay-Z
Jay-Z could be hitting a gold mine with his latest venture.

Jay-Z is one of the biggest artists in the world and over the last decade, he has turned his empire into a billion-dollar undertaking. The artist has strategic partnerships with the likes of Jack Dorsey and Michael Rubin, so it is no surprise that he is always looking to create new ventures that will bring him even more generational wealth for his family.

Recently, it was revealed that Jay-Z has bought his way into Rubin's Fanatics company which is one of the biggest suppliers of sports merchandise in the entire world. According to TMZ, Jay and Rubin are now looking to turn that partnership into a Sportsbook empire as they have applied for a  sports betting license in the state of New York.

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New York State is looking to approve two Sportsbooks right now, and various big names like FanDuel, DraftKings, BetMGM, Caesars Sportsbook and WynnBET are all trying to get a slice of the pie. Now, Jay and Rubin will have to contend with these juggernauts although considering his status in New York, there is no doubt he could very well have an advantage with this new venture.

Sports gambling has the potential to rake in billions upon billions of dollars, especially in a state like New York where there are a plethora of sports teams. This story is still developing, so keep it locked to HNHH as we will bring you all of the latest updates.

Jay-Z Is Looking To Get Into The Sports Gambling Industry
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About The Author
Alexander Cole
Alexander Cole is the current editor-in-chief of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. It was here where he began to hone his craft, putting his journalism degree from Concordia University in Montreal, Quebec, to good use. Since that time, he has documented some of the biggest stories in the hip-hop world. From the Kendrick Lamar and Drake beef to the disturbing allegations against Diddy, Alex has helped HotNewHipHop navigate large-scale stories as they happen. In 2021, he went to the Bahamas for the Big 3's Championship Game. It was here where he got to interview legendary figures like Ice Cube, Clyde Drexler, and Stephen Jackson. He has also interviewed other superstar athletes such as Antonio Brown, Damian Lillard, and Paul Pierce. This is in addition to conversations with social media provocateurs like Jake Paul, and younger respected artists like Kaycyy, Lil Tecca, and Jeleel!
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